Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average—if it closes, per $10,000$3funding while held, a day−$0.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) VIRTUAL/USD | 0.6994 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 33m 04s | $12K | — | 150x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.6992 | 0 | get 0.0000% / 1h | 33m 04s | $15K | $40K | 10x |
gTrade (Gains Network) VIRTUAL/USD
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$3.27
- Funding while held
- −$0.2
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$20.47
- Spread needed to break even
- 0.170%
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0007%
- Per $10,000 a day
- −$0.20
- 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 Deribit no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Deribit: 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.Injective0.6744cheapestBybit0.6984+3.559%Lighter0.6985+3.578%Extended0.6988+3.613%OKX0.6988+3.618%BingX0.6988+3.618%SoDEX0.6988+3.625%Binance0.6989+3.633%ApeX Omni0.6990+3.648%Reya0.6991+3.656%01 Exchange0.6991+3.663%Gate0.6991+3.663%Orderly0.6991+3.663%Aevo0.6991+3.666%KuCoin0.6992+3.677%
Injective
Bybit
Lighter
Extended
OKX
BingX
SoDEX
Binance
ApeX Omni
Reya
Gate
Orderly
Aevo
KuCoinDeribit0.6992+3.677%
edgeX0.6993+3.688%GMX0.6993+3.691%Bitget0.6993+3.692%BloFin0.6993+3.692%Backpack0.6994+3.707%
GMX
Bitget
BloFin
BackpackgTrade (Gains Network)0.6994+3.711%
Aster0.6994+3.713%Polymarket Perps0.6995+3.716%SunX0.6995+3.722%Pacifica0.6996+3.737%Hyperliquid0.6999+3.778%Variational Omni0.7000+3.792%MEXC0.7000+3.796%Kraken Futures0.7001+3.805%Phoenix0.7002+3.830%Coinbase International0.7033+4.285%
Aster
Polymarket Perps
SunX
Pacifica
Hyperliquid
Variational Omni
MEXC
Kraken Futures
Phoenix
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 | −3.578% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.147% | −0.0175% | 4h | $15.2M | $15.5M | 50x | as long as short |
| Lighter VIRTUAL | −0.129% | −0.0304% | 1h | $317K | $389K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.094% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.090% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.090% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| SoDEX VIRTUAL-USD | −0.083% | +0.0078% | 1h | $1K | $9K | 5x | as long as short |
| Binance VIRTUALUSDT | −0.076% | +0.0100% | 4h | $15.8M | $35.8M | 75x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.061% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Reya VIRTUALRUSDPERP | −0.053% | −0.0139% | 1h | $23 | — | 10x | as long as short |