After costs, if the gap returns to its 7d average, $10k−$91
spread now−0.338%7d average−0.052%fees + slippage, in and out−$63spread needed0.627%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VIRTUAL_USDT | 0.7096 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $1.5M | $2.9M | 75x |
| Short | Bybit VIRTUALUSDT | 0.7072 | 0.0100 | get 0.0050% / 4h | 2h 00m | $15.7M | $15.1M | 50x |
Gate VIRTUAL_USDT
Bybit VIRTUALUSDTPrice 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
- −$33.82
- Funding while held
- $0
- Slippage, 4 orders
- −$36.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.54
- Spread needed to break even
- 0.627%
Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Gate live order book, 4 min ago | 3.53 bp | 21.3 bp −$21 | 98.0 bp −$980 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.71 bp | 9.9 bp −$10 | 21.1 bp −$211 | 143.7 bp −$14.4K | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
InjectiveBybit0.7072+4.864%
Polymarket Perps0.7073+4.881%OKX0.7074+4.893%Reya0.7074+4.895%Bitget0.7079+4.967%MEXC0.7080+4.982%Binance0.7083+5.031%Hyperliquid0.7084+5.039%Extended0.7085+5.056%01 Exchange0.7085+5.056%BingX0.7088+5.101%KuCoin0.7093+5.175%Aevo0.7093+5.179%Lighter0.7094+5.190%Pacifica0.7094+5.190%Orderly0.7094+5.190%Deribit0.7094+5.190%BloFin0.7095+5.205%Aster0.7095+5.209%SoDEX0.7096+5.215%
Polymarket Perps
OKX
Reya
Bitget
MEXC
Binance
Hyperliquid
Extended
BingX
KuCoin
Aevo
Lighter
Pacifica
Orderly
Deribit
BloFin
Aster
SoDEXGate0.7096+5.219%
Variational Omni0.7097+5.235%Backpack0.7098+5.249%GMX0.7098+5.253%gTrade (Gains Network)0.7098+5.256%ApeX Omni0.7099+5.264%Kraken Futures0.7101+5.300%edgeX0.7105+5.359%SunX0.7108+5.397%Phoenix0.7109+5.411%Coinbase International0.7136+5.813%
Variational Omni
Backpack
GMX
gTrade (Gains Network)
ApeX Omni
Kraken Futures
SunX
Phoenix
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 | −4.961% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Bybit VIRTUALUSDTshort | −0.338% | +0.0100% | 4h | $15.7M | $15.1M | 50x | |
| Polymarket Perps VIRTUAL-USD | −0.321% | −0.0530% | 1h | $30K | $778K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.310% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.308% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Bitget VIRTUALUSDT | −0.240% | +0.0100% | 4h | $6.0M | $5.5M | 25x | as long as short |
| MEXC VIRTUAL_USDT | −0.225% | +0.0100% | 4h | $16.3M | $3.8M | 100x | as long as short |
| Binance VIRTUALUSDT | −0.179% | +0.0100% | 4h | $16.6M | $34.9M | 75x | as long as short |
| Hyperliquid VIRTUAL | −0.172% | +0.0157% | 1h | $9.3M | $3.1M | 5x | as long as short |
| Extended VIRTUAL-USD | −0.156% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |