Spread before costs (cost unknown: a leg has no order-book sample)−0.077%
7d average—if it closes, per $10,000$8funding while held, a day+$2.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) VIRTUAL/USD | 0.7021 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 33m 39s | $12K | — | 150x |
| Short | Binance VIRTUALUSDT | 0.7016 | 0.0100 | get 0.0050% / 4h | 2h 33m | $16.0M | $36.1M | 75x |
gTrade (Gains Network) VIRTUAL/USD
Binance VIRTUALUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$7.73
- Funding while held
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$24.93
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0093%
- Per $10,000 a day
- +$2.80
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 10 min ago | 0.71 bp | 10.5 bp −$11 | 24.9 bp −$249 | 94.5 bp −$9,447 | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestExtended0.7008+3.921%Variational Omni0.7011+3.959%Bybit0.7012+3.974%Lighter0.7013+3.987%SoDEX0.7014+3.999%Reya0.7014+4.002%OKX0.7014+4.004%MEXC0.7014+4.004%Phoenix0.7015+4.011%Aevo0.7015+4.018%Gate0.7015+4.018%
Injective
Extended
Variational Omni
Bybit
Lighter
SoDEX
Reya
OKX
MEXC
Phoenix
Aevo
GateBinance0.7016+4.033%
BingX0.7016+4.033%Deribit0.7017+4.048%Aster0.7018+4.062%Orderly0.7018+4.063%01 Exchange0.7019+4.078%Backpack0.7019+4.078%GMX0.7019+4.081%KuCoin0.7020+4.093%ApeX Omni0.7021+4.107%Polymarket Perps0.7021+4.113%
BingX
Deribit
Aster
Orderly
Backpack
GMX
KuCoin
ApeX Omni
Polymarket PerpsgTrade (Gains Network)0.7021+4.114%
Bitget0.7022+4.122%Pacifica0.7022+4.126%Hyperliquid0.7023+4.140%SunX0.7024+4.152%BloFin0.7026+4.181%Kraken Futures0.7026+4.187%edgeX0.7028+4.214%Coinbase International0.7113+5.472%
Bitget
Pacifica
Hyperliquid
SunX
BloFin
Kraken Futures
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.951% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.185% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| Variational Omni VIRTUAL | −0.148% | −0.0110% | 4h | $564K | $811K | — | as long as short |
| Bybit VIRTUALUSDT | −0.134% | −0.0274% | 4h | $15.4M | $15.5M | 50x | as long as short |
| Lighter VIRTUAL | −0.121% | −0.0200% | 1h | $319K | $389K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.110% | −0.0067% | 1h | $1K | $9K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.107% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.106% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| MEXC VIRTUAL_USDT | −0.106% | +0.0100% | 4h | $16.0M | $4.0M | 100x | as long as short |
| Phoenix VIRTUAL | −0.099% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |