Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average—if it closes, per $10,000$1funding 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 | 0.7075 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 57m 53s | $12K | — | 150x |
| Short | MEXC VIRTUAL_USDT | 0.7074 | 0.0100 | get 0.0050% / 4h | 3h 57m | $15.9M | $4.0M | 100x |
gTrade (Gains Network) VIRTUAL/USD
MEXC VIRTUAL_USDTPrice 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
- −$1.1
- Funding while held
- $2.8
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$8.3
- Spread needed to break even
- 0.100%
Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.71 bp | 3.6 bp −$4 | 9.6 bp −$96 | 75.4 bp −$7,535 | 254.3 bp −$127.1K |
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.Injective0.6744cheapestSunX0.7064+4.745%BloFin0.7066+4.775%Lighter0.7067+4.791%OKX0.7069+4.819%Bybit0.7070+4.834%Aevo0.7070+4.840%Variational Omni0.7071+4.842%edgeX0.7071+4.843%Pacifica0.7071+4.846%01 Exchange0.7071+4.849%BingX0.7071+4.849%Orderly0.7071+4.849%SoDEX0.7071+4.856%Reya0.7072+4.866%Phoenix0.7072+4.870%Aster0.7073+4.883%Extended0.7074+4.891%Gate0.7074+4.893%
Injective
SunX
BloFin
Lighter
OKX
Bybit
Aevo
Variational Omni
Pacifica
BingX
Orderly
SoDEX
Reya
Phoenix
Aster
Extended
GateMEXC0.7074+4.893%
KuCoin0.7074+4.893%
KuCoingTrade (Gains Network)0.7075+4.905%
ApeX Omni0.7075+4.908%Binance0.7075+4.909%GMX0.7076+4.924%Bitget0.7077+4.938%Backpack0.7077+4.938%Polymarket Perps0.7078+4.958%Deribit0.7079+4.967%Hyperliquid0.7081+4.999%Kraken Futures0.7084+5.042%Coinbase International0.7090+5.130%
ApeX Omni
Binance
GMX
Bitget
Backpack
Polymarket Perps
Deribit
Hyperliquid
Kraken Futures
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 | −4.675% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| SunX VIRTUAL-USDT | −0.152% | +0.0100% | 4h | $1K | $1.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.124% | +0.0340% | 4h | $838K | $778K | 75x | as long as short |
| Lighter VIRTUAL | −0.109% | −0.0016% | 1h | $323K | $379K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.082% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Bybit VIRTUALUSDT | −0.068% | +0.0100% | 4h | $15.6M | $16.0M | 50x | as long as short |
| Aevo VIRTUAL-PERP | −0.062% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Variational Omni VIRTUAL | −0.060% | +0.0019% | 4h | $595K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.059% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| Pacifica VIRTUAL | −0.056% | +0.0100% | 1h | $73K | $41K | 5x | as long as short |