Spread before costs (cost unknown: a leg has no order-book sample)+0.184%
7d average—if it closes, per $10,000$18funding while held, a day−$0.29
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) VIRTUAL/USD | 0.7117 | L +0.0007% / S −0.0004% | pay 0.0001% / 1h | 4m 00s | $13K | — | 150x |
| Short | Variational Omni VIRTUAL | 0.7130 | −0.0003 | pay 0.0002% / 4h | 1h 04m | $598K | $782K | — |
gTrade (Gains Network) VIRTUAL/USD
Variational Omni 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
- $18.42
- Funding while held
- −$0.29
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $8.13
- Spread needed to break even
- 0.100%
Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 51 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0010%
- Per $10,000 a day
- −$0.29
- 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 Variational Omni RFQ quote, 51 min ago | 4.94 bp | doesn't fit | 21.9 bp −$219 | 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
edgeX0.7101+5.300%OKX0.7108+5.397%Bybit0.7109+5.412%Extended0.7110+5.421%Phoenix0.7111+5.442%Aevo0.7113+5.471%Gate0.7113+5.472%BingX0.7113+5.472%SoDEX0.7114+5.479%Binance0.7114+5.486%MEXC0.7114+5.486%Orderly0.7114+5.486%Lighter0.7114+5.492%KuCoin0.7115+5.501%Deribit0.7115+5.501%Reya0.7116+5.511%01 Exchange0.7116+5.516%SunX0.7116+5.516%GMX0.7116+5.520%ApeX Omni0.7117+5.531%
Injective
OKX
Bybit
Extended
Phoenix
Aevo
Gate
BingX
SoDEX
Binance
MEXC
Orderly
Lighter
KuCoin
Deribit
Reya
SunX
GMX
ApeX OmnigTrade (Gains Network)0.7117+5.532%
Bitget0.7118+5.546%Backpack0.7118+5.546%Aster0.7119+5.567%Polymarket Perps0.7122+5.606%Pacifica0.7123+5.620%Hyperliquid0.7125+5.655%Kraken Futures0.7126+5.659%Coinbase International0.7126+5.664%BloFin0.7128+5.694%
Bitget
Backpack
Aster
Polymarket Perps
Pacifica
Hyperliquid
Kraken Futures
Coinbase International
BloFinVariational Omni0.7130+5.726%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.242% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.219% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.127% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Bybit VIRTUALUSDT | −0.113% | +0.0100% | 4h | $15.7M | $15.7M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.105% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Phoenix VIRTUAL | −0.085% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.058% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Gate VIRTUAL_USDT | −0.057% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.057% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| SoDEX VIRTUAL-USD | −0.050% | +0.0100% | 1h | $210 | $8K | 5x | as long as short |