Spread before costs (cost unknown: a leg has no order-book sample)−0.089%
7d average—if it closes, per $10,000$9funding while held, a day−$5.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7000 | L +0.0296% / S −0.0228% | pay 0.0037% / 1h | 29m 19s | $30K | — | 100x |
| Short | ApeX Omni VIRTUALUSDT | 0.6994 | 0.0100 | get 0.0013% / 1h | 29m 19s | $40K | $241K | 50x |
GMX VIRTUAL/USD [WBTC.b-USDC]
ApeX Omni 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
- −$8.94
- Funding while held
- −$5.87
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$36.81
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0196%
- Per $10,000 a day
- −$5.87
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 4 min ago | 7.15 bp | 14.9 bp −$15 | 98.4 bp −$984 | doesn't fit | doesn't fit |
GMX: 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.Injective0.6744cheapestSoDEX0.6988+3.614%Variational Omni0.6989+3.630%Bybit0.6991+3.663%BloFin0.6992+3.677%Lighter0.6994+3.707%OKX0.6994+3.707%Backpack0.6994+3.707%
Injective
SoDEX
Variational Omni
Bybit
BloFin
Lighter
OKX
BackpackApeX Omni0.6994+3.707%
Deribit0.6994+3.707%edgeX0.6994+3.714%Aevo0.6996+3.733%Phoenix0.6996+3.734%Reya0.6996+3.741%01 Exchange0.6997+3.751%Gate0.6997+3.751%BingX0.6997+3.751%Orderly0.6997+3.751%SunX0.6997+3.751%Extended0.6997+3.753%Binance0.6998+3.766%KuCoin0.6998+3.766%Bitget0.6998+3.766%Kraken Futures0.6999+3.777%Pacifica0.7000+3.789%gTrade (Gains Network)0.7000+3.796%Polymarket Perps0.7000+3.799%
Deribit
Aevo
Phoenix
Reya
Gate
BingX
Orderly
SunX
Extended
Binance
KuCoin
Bitget
Kraken Futures
Pacifica
gTrade (Gains Network)
Polymarket PerpsGMX0.7000+3.800%
Aster0.7001+3.809%Hyperliquid0.7006+3.882%MEXC0.7010+3.944%Coinbase International0.7033+4.285%
Aster
Hyperliquid
MEXC
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 | −3.661% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| SoDEX VIRTUAL-USD | −0.179% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.164% | −0.0160% | 4h | $526K | $847K | — | as long as short |
| Bybit VIRTUALUSDT | −0.132% | −0.0166% | 4h | $15.3M | $15.5M | 50x | as long as short |
| BloFin VIRTUAL-USDT | −0.118% | +0.0340% | 4h | $811K | $763K | 75x | as long as short |
| Lighter VIRTUAL | −0.089% | −0.0264% | 1h | $318K | $389K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.089% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.089% | +0.0100% | 1h | $230K | $169K | 10x | as long as short |
| ApeX Omni VIRTUALUSDTshort | −0.089% | +0.0100% | 1h | $40K | $241K | 50x | |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.089% | 0.0000% | 1h | $15K | $40K | 10x | as long as short |