Spread before costs (cost unknown: a leg has no order-book sample)−0.277%
7d average—if it closes, per $10,000$28funding 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 | 0.7105 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 25m 39s | $12K | — | 150x |
| Short | Bybit VIRTUALUSDT | 0.7085 | 0.0100 | get 0.0050% / 4h | 3h 25m | $15.6M | $15.9M | 50x |
gTrade (Gains Network) VIRTUAL/USD
Bybit 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
- −$27.74
- Funding while held
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.94
- Spread needed to break even
- 0.210%
Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.70 bp | 10.7 bp −$11 | 21.5 bp −$215 | 141.0 bp −$14.1K | 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.Injective0.6744cheapest
InjectiveBybit0.7085+5.056%
OKX0.7086+5.071%Binance0.7089+5.115%Variational Omni0.7090+5.125%Extended0.7092+5.155%01 Exchange0.7093+5.175%MEXC0.7094+5.190%Lighter0.7094+5.194%SoDEX0.7096+5.212%Aevo0.7097+5.234%BingX0.7098+5.249%Orderly0.7098+5.249%Gate0.7099+5.264%Deribit0.7100+5.279%KuCoin0.7101+5.294%Pacifica0.7101+5.300%Bitget0.7102+5.308%Reya0.7103+5.329%Backpack0.7104+5.338%
OKX
Binance
Variational Omni
Extended
MEXC
Lighter
SoDEX
Aevo
BingX
Orderly
Gate
Deribit
KuCoin
Pacifica
Bitget
Reya
BackpackgTrade (Gains Network)0.7105+5.349%
Phoenix0.7105+5.350%Aster0.7106+5.365%SunX0.7106+5.368%GMX0.7107+5.388%Hyperliquid0.7108+5.391%Kraken Futures0.7108+5.401%Polymarket Perps0.7111+5.437%edgeX0.7112+5.451%BloFin0.7113+5.472%ApeX Omni0.7119+5.560%Coinbase International0.7131+5.738%
Phoenix
Aster
SunX
GMX
Hyperliquid
Kraken Futures
Polymarket Perps
BloFin
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 | −5.077% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDTshort | −0.277% | +0.0100% | 4h | $15.6M | $15.9M | 50x | |
| OKX VIRTUAL-USDT-SWAP | −0.263% | +0.0100% | 4h | $2.7M | $10.3M | 20x | as long as short |
| Binance VIRTUALUSDT | −0.222% | +0.0100% | 4h | $16.5M | $37.1M | 75x | as long as short |
| Variational Omni VIRTUAL | −0.213% | +0.0029% | 4h | $580K | $823K | — | as long as short |
| Extended VIRTUAL-USD | −0.184% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.165% | −0.0200% | 1h | $2K | $131 | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.151% | +0.0100% | 4h | $16.0M | $4.1M | 100x | as long as short |
| Lighter VIRTUAL | −0.147% | −0.0072% | 1h | $322K | $412K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.130% | −0.0120% | 1h | $215 | $8K | 5x | as long as short |