Spread before costs (cost unknown: a leg has no order-book sample)+0.085%
7d average−0.049%if it closes, per $10,000$8funding while held, a day−$0.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VIRTUAL_USDT | 0.7082 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $1.5M | $2.9M | 75x |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7088 | 0.0078 | get 0.0039% / 4h | 1h 59m | $14K | $1.5M | 10x |
Gate VIRTUAL_USDT
Orderly PERP_VIRTUAL_USDCPrice 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
- $8.47
- Funding while held
- −$0.67
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$13.2
- Spread needed to break even
- 0.210%
Slippage unknown: Gate: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.67
- 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, 5 min ago | 3.53 bp | 21.3 bp −$21 | 98.0 bp −$980 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective0.6744cheapestBackpack0.7074+4.893%SoDEX0.7076+4.915%Phoenix0.7076+4.923%Pacifica0.7078+4.950%Polymarket Perps0.7079+4.975%01 Exchange0.7080+4.982%Reya0.7080+4.988%Bybit0.7082+5.012%
Injective
Backpack
SoDEX
Phoenix
Pacifica
Polymarket Perps
Reya
BybitGate0.7082+5.012%
OKX0.7083+5.027%BingX0.7083+5.027%MEXC0.7084+5.042%Extended0.7085+5.057%gTrade (Gains Network)0.7087+5.083%GMX0.7087+5.085%KuCoin0.7087+5.086%Deribit0.7087+5.086%Aster0.7087+5.089%Aevo0.7087+5.090%
OKX
BingX
MEXC
Extended
gTrade (Gains Network)
GMX
KuCoin
Deribit
Aster
AevoOrderly0.7088+5.101%
Hyperliquid0.7089+5.117%Lighter0.7090+5.130%Binance0.7091+5.138%Bitget0.7091+5.145%BloFin0.7091+5.145%SunX0.7095+5.205%Coinbase International0.7096+5.219%Variational Omni0.7097+5.235%edgeX0.7097+5.237%ApeX Omni0.7099+5.264%Kraken Futures0.7100+5.280%
Hyperliquid
Lighter
Binance
Bitget
BloFin
SunX
Coinbase International
Variational Omni
ApeX Omni
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.773% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.113% | +0.0100% | 1h | $230K | $163K | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.092% | −0.0016% | 1h | $211 | $8K | 5x | as long as short |
| Phoenix VIRTUAL | −0.085% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| Pacifica VIRTUAL | −0.059% | +0.0100% | 1h | $71K | $37K | 5x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.035% | +0.0100% | 1h | $30K | $778K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.028% | −0.0224% | 1h | $2K | $539 | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.023% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | 0.000% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| Gate VIRTUAL_USDTlong | 0.000% | +0.0100% | 4h | $1.5M | $2.9M | 75x |