Spread before costs (cost unknown: a leg has no order-book sample)−0.281%
7d average—if it closes, per $10,000$28funding while held, a day+$2.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) VIRTUAL/USD | 0.7062 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 20m 59s | $12K | — | 150x |
| Short | Extended VIRTUAL-USD | 0.7042 | 0.0104 | get 0.0013% / 1h | 20m 59s | $55K | $244K | 10x |
gTrade (Gains Network) VIRTUAL/USD
Extended VIRTUAL-USDPrice 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
- −$28.11
- Funding while held
- $2.92
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$40.19
- Spread needed to break even
- 0.150%
Slippage unknown: gTrade (Gains Network): no order-book sample; Extended: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0097%
- Per $10,000 a day
- +$2.92
- 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 Extended live order book, 4 min ago | 2.55 bp | 14.5 bp −$15 | 148.3 bp −$1,483 | doesn't fit | 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.Injective0.6744cheapestBybit0.7037+4.345%Binance0.7038+4.359%BingX0.7039+4.374%
Injective
Bybit
Binance
BingXExtended0.7042+4.425%
MEXC0.7043+4.434%Gate0.7044+4.448%OKX0.7045+4.463%Bitget0.7048+4.508%Lighter0.7050+4.536%KuCoin0.7052+4.567%SoDEX0.7052+4.567%01 Exchange0.7053+4.582%Aevo0.7053+4.588%Orderly0.7054+4.597%BloFin0.7054+4.597%Reya0.7054+4.598%Deribit0.7055+4.612%Backpack0.7056+4.626%Aster0.7057+4.640%SunX0.7058+4.656%Polymarket Perps0.7059+4.674%GMX0.7060+4.687%Hyperliquid0.7061+4.700%
MEXC
Gate
OKX
Bitget
Lighter
KuCoin
SoDEX
Aevo
Orderly
BloFin
Reya
Deribit
Backpack
Aster
SunX
Polymarket Perps
GMX
HyperliquidgTrade (Gains Network)0.7062+4.719%
Pacifica0.7064+4.740%Kraken Futures0.7067+4.782%edgeX0.7070+4.834%Phoenix0.7074+4.899%Coinbase International0.7081+4.997%Variational Omni0.7090+5.125%ApeX Omni0.7093+5.175%
Pacifica
Kraken Futures
Phoenix
Coinbase International
Variational Omni
ApeX OmniVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.507% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.358% | +0.0008% | 4h | $15.5M | $15.9M | 50x | as long as short |
| Binance VIRTUALUSDT | −0.344% | +0.0100% | 4h | $16.3M | $36.9M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.330% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Extended VIRTUAL-USDshort | −0.281% | +0.0104% | 1h | $55K | $244K | 10x | |
| MEXC VIRTUAL_USDT | −0.273% | +0.0100% | 4h | $15.8M | $4.1M | 100x | as long as short |
| Gate VIRTUAL_USDT | −0.259% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.245% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |
| Bitget VIRTUALUSDT | −0.202% | +0.0100% | 4h | $6.0M | $5.5M | 25x | as long as short |
| Lighter VIRTUAL | −0.175% | −0.0104% | 1h | $320K | $412K | 5x | as long as short |