Spread before costs (cost unknown: a leg has no order-book sample)−0.085%
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 | 0.7004 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 54m 27s | $12K | — | 150x |
| Short | BingX VIRTUAL-USDT | 0.6998 | 0.0100 | get 0.0050% / 4h | 54m 27s | — | $8.2M | — |
gTrade (Gains Network) VIRTUAL/USD
BingX VIRTUAL-USDTPrice 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
- −$8.47
- Funding while held
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$25.67
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 5 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 BingX live order book, 5 min ago | 0.71 bp | 9.9 bp −$10 | 12.0 bp −$120 | 22.2 bp −$2,224 | 75.5 bp −$37.7K |
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.Injective0.6992cheapestLighter0.6993+0.010%Bybit0.6993+0.014%OKX0.6995+0.043%Gate0.6995+0.043%Extended0.6996+0.054%01 Exchange0.6997+0.072%MEXC0.6997+0.072%KuCoin0.6998+0.086%
Injective
Lighter
Bybit
OKX
Gate
Extended
MEXC
KuCoinBingX0.6998+0.086%
SoDEX0.6998+0.093%Reya0.6999+0.102%Aevo0.6999+0.104%Pacifica0.7000+0.114%Binance0.7000+0.114%Bitget0.7000+0.114%Orderly0.7000+0.114%SunX0.7000+0.114%BloFin0.7000+0.114%Aster0.7000+0.117%Backpack0.7001+0.129%Deribit0.7001+0.129%GMX0.7002+0.136%Polymarket Perps0.7002+0.143%Phoenix0.7003+0.157%
SoDEX
Reya
Aevo
Pacifica
Binance
Bitget
Orderly
SunX
BloFin
Aster
Backpack
Deribit
GMX
Polymarket Perps
PhoenixgTrade (Gains Network)0.7004+0.171%
Variational Omni0.7005+0.180%Hyperliquid0.7006+0.200%Kraken Futures0.7010+0.261%ApeX Omni0.7011+0.272%edgeX0.7024+0.451%Coinbase International0.7045+0.758%
Variational Omni
Hyperliquid
Kraken Futures
ApeX Omni
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 | −0.170% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.160% | −0.0096% | 1h | $318K | $388K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.156% | −0.0062% | 4h | $15.2M | $15.3M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.127% | +0.0100% | 4h | $2.7M | $9.3M | 20x | as long as short |
| Gate VIRTUAL_USDT | −0.127% | +0.0100% | 4h | $1.4M | $2.9M | 75x | as long as short |
| Extended VIRTUAL-USD | −0.117% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.099% | −0.0088% | 1h | $2K | $131 | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.099% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | −0.085% | +0.0100% | 4h | $3.0M | $4.1M | 50x | as long as short |
| BingX VIRTUAL-USDTshort | −0.085% | +0.0100% | 4h | — | $8.2M | — |