Spread before costs (cost unknown: a leg has no order-book sample)+0.088%
7d average—if it closes, per $10,000$9funding 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 | 0.7034 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 17m 51s | $12K | — | 150x |
| Short | Hyperliquid VIRTUAL | 0.7040 | 0.0100 | get 0.0013% / 1h | 17m 51s | $8.9M | $3.6M | 5x |
gTrade (Gains Network) VIRTUAL/USD
Hyperliquid VIRTUALPrice 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
- $8.76
- Funding while held
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7.44
- Spread needed to break even
- 0.190%
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 1.35 bp | 16.9 bp −$17 | doesn't fit | 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.Injective0.6744cheapestVariational Omni0.7001+3.809%edgeX0.7011+3.959%ApeX Omni0.7013+3.989%Phoenix0.7025+4.168%Reya0.7027+4.198%Orderly0.7031+4.256%Deribit0.7032+4.270%Aevo0.7032+4.272%GMX0.7033+4.285%Lighter0.7033+4.285%01 Exchange0.7033+4.285%
Injective
Variational Omni
ApeX Omni
Phoenix
Reya
Orderly
Deribit
Aevo
GMX
LightergTrade (Gains Network)0.7034+4.299%
SunX0.7035+4.315%Extended0.7035+4.322%Bybit0.7037+4.345%OKX0.7037+4.345%Binance0.7039+4.373%BloFin0.7039+4.374%Pacifica0.7040+4.382%Polymarket Perps0.7040+4.383%MEXC0.7040+4.389%BingX0.7040+4.389%
SunX
Extended
Bybit
OKX
Binance
BloFin
Pacifica
Polymarket Perps
MEXC
BingXHyperliquid0.7040+4.391%
SoDEX0.7040+4.395%Gate0.7042+4.419%KuCoin0.7042+4.419%Bitget0.7042+4.419%Kraken Futures0.7043+4.440%Backpack0.7044+4.448%Aster0.7046+4.483%Coinbase International0.7052+4.567%
SoDEX
Gate
KuCoin
Bitget
Kraken Futures
Backpack
Aster
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 | −4.122% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.470% | −0.0031% | 4h | $591K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.326% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.298% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.126% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.097% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.042% | +0.0065% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.028% | −0.0176% | 1h | $25K | $30K | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.027% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | −0.014% | L +0.0296% / S −0.0228% | 1h | $30K | — | 100x | as long as short |