Spread before costs (cost unknown: a leg has no order-book sample)−0.036%
7d average—if it closes, per $10,000$4funding 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 | 0.7142 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 51m 15s | $13K | — | 150x |
| Short | KuCoin VIRTUALUSDTM | 0.7139 | 0.0100 | get 0.0050% / 4h | 51m 15s | $3.0M | $4.2M | 50x |
gTrade (Gains Network) VIRTUAL/USD
KuCoin VIRTUALUSDTMPrice 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
- −$3.6
- Funding while held
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$22.8
- Spread needed to break even
- 0.220%
Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 1.41 bp | 20.9 bp −$21 | 53.5 bp −$535 | 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.Injective0.6744cheapest
edgeX0.7089+5.110%Phoenix0.7091+5.144%Variational Omni0.7102+5.314%ApeX Omni0.7105+5.353%Backpack0.7111+5.442%Coinbase International0.7121+5.590%Pacifica0.7127+5.678%01 Exchange0.7132+5.753%Extended0.7134+5.778%Aevo0.7135+5.793%Bybit0.7136+5.813%Orderly0.7136+5.813%SoDEX0.7136+5.813%OKX0.7137+5.827%Lighter0.7137+5.833%Reya0.7138+5.837%Binance0.7138+5.842%Deribit0.7138+5.842%Gate0.7139+5.857%MEXC0.7139+5.857%
Injective
Phoenix
Variational Omni
ApeX Omni
Backpack
Coinbase International
Pacifica
Extended
Aevo
Bybit
Orderly
SoDEX
OKX
Lighter
Reya
Binance
Deribit
Gate
MEXCKuCoin0.7139+5.857%
Aster0.7139+5.864%SunX0.7140+5.872%BloFin0.7140+5.872%Polymarket Perps0.7141+5.882%BingX0.7141+5.887%
Aster
SunX
BloFin
Polymarket Perps
BingXgTrade (Gains Network)0.7142+5.895%
GMX0.7142+5.905%Kraken Futures0.7147+5.968%Hyperliquid0.7148+5.992%Bitget0.7150+6.020%
GMX
Kraken Futures
Hyperliquid
BitgetVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.567% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.742% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Phoenix VIRTUAL | −0.710% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.548% | −0.0025% | 4h | $586K | $791K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.512% | +0.0254% | 1h | $40K | $242K | 50x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.428% | +0.0100% | 1h | $233K | $167K | 10x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | −0.288% | +0.0432% | 1h | $195K | $147K | 50x | as long as short |
| Pacifica VIRTUAL | −0.205% | +0.0100% | 1h | $73K | $41K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.134% | −0.0120% | 1h | $2K | $539 | 10x | as long as short |
| Extended VIRTUAL-USD | −0.110% | +0.0104% | 1h | $56K | $244K | 10x | as long as short |