data as of
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Price arb /

VIRTUAL

all VIRTUAL markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.059%
7d average—if it closes, per $10,000$6funding while held, a day−$5.88
Long on GMXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX VIRTUAL/USD [WBTC.b-USDC]0.7021L +0.0296% / S −0.0228%pay 0.0037% / 1h36m 22s$30K—100x
ShortBinance VIRTUALUSDT0.70170.0100get 0.0050% / 4h2h 36m$16.0M$36.1M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.94
Funding while held
−$5.88
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$33.82
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0196%
Per $10,000 a day
−$5.88
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Binance live order book, 7 min ago0.71 bp10.5 bp −$1124.9 bp −$24994.5 bp −$9,447doesn'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.
Injective0.6744cheapestVariational Omni0.6999+3.779%Lighter0.7011+3.959%Extended0.7014+4.003%Gate0.7014+4.004%Phoenix0.7015+4.011%Reya0.7015+4.021%Bybit0.7016+4.033%01 Exchange0.7016+4.033%Bitget0.7016+4.033%BingX0.7016+4.033%
Binance0.7017+4.048%
MEXC0.7017+4.048%KuCoin0.7017+4.048%Pacifica0.7017+4.055%SoDEX0.7018+4.063%Polymarket Perps0.7019+4.078%edgeX0.7019+4.081%Aster0.7019+4.083%OKX0.7020+4.093%ApeX Omni0.7021+4.107%
GMX0.7021+4.110%
gTrade (Gains Network)0.7021+4.114%Hyperliquid0.7023+4.138%Backpack0.7024+4.152%Aevo0.7025+4.173%Deribit0.7026+4.181%Orderly0.7027+4.196%BloFin0.7027+4.196%SunX0.7028+4.211%Kraken Futures0.7035+4.316%Coinbase International0.7113+5.472%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−3.948%+0.0033%1h$43$28K5.5xas long as short
Variational Omni VIRTUAL−0.317%−0.0111%4h$569K$805K—as long as short
Lighter VIRTUAL−0.145%−0.0184%1h$318K$389K5xas long as short
Extended VIRTUAL-USD−0.103%+0.0104%1h$55K$245K10xas long as short
Gate VIRTUAL_USDT−0.102%+0.0084%4h$1.4M$3.0M75xas long as short
Phoenix VIRTUAL−0.095%−0.0159%1h$11K$54K5xas long as short
Reya VIRTUALRUSDPERP−0.086%−0.0139%1h$24—10xas long as short
Bybit VIRTUALUSDT−0.074%−0.0289%4h$15.4M$15.5M50xas long as short
01 Exchange VIRTUALUSD−0.074%−0.0208%1h$2K$13110xas long as short
Bitget VIRTUALUSDT−0.074%+0.0100%4h$6.0M$5.3M25xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX VIRTUAL-USDT−0.074%+0.0100%4h—$8.1M—as long as short
Binance VIRTUALUSDTshort−0.059%+0.0100%4h$16.0M$36.1M75x
MEXC VIRTUAL_USDT−0.059%+0.0100%4h$16.0M$4.0M100xas long as short
KuCoin VIRTUALUSDTM−0.059%+0.0100%4h$3.0M$4.2M50xas long as short
Pacifica VIRTUAL−0.052%+0.0100%1h$72K$41K5xas long as short
SoDEX VIRTUAL-USD−0.045%−0.0090%1h$1K$9K5xas long as short
Polymarket Perps VIRTUAL-USD−0.031%+0.0100%1h$33K$796K5xas long as short
edgeX VIRTUALUSDC−0.028%+0.0100%4h$18K$256K10xas long as short
Aster VIRTUALUSDT−0.026%+0.0100%4h$182K$58K20xas long as short
OKX VIRTUAL-USDT-SWAP−0.017%+0.0100%4h$2.7M$9.8M20xas long as short
ApeX Omni VIRTUALUSDT−0.002%−0.0016%1h$40K$241K50xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]long0.000%L +0.0296% / S −0.0228%1h$30K—100x
gTrade (Gains Network) VIRTUAL/USD+0.004%L +0.0007% / S −0.0004%1h$12K—150xas long as short
Hyperliquid VIRTUAL+0.027%+0.0100%1h$8.7M$3.7M5xas long as short
Backpack VIRTUAL_USDC_PERP+0.040%+0.0100%1h$231K$172K10xas long as short
Aevo VIRTUAL-PERP+0.061%+0.0104%1h$18K$5053xas long as short
Deribit VIRTUAL_USDC-PERPETUAL+0.069%−0.0319%1h$15K$40K10xas long as short
Orderly PERP_VIRTUAL_USDC+0.083%+0.0056%4h$14K$1.5M10xas long as short
BloFin VIRTUAL-USDT+0.083%+0.0340%4h$822K$764K75xas long as short
SunX VIRTUAL-USDT+0.097%+0.0100%4h$1K$1.2M20xas long as short
Kraken Futures PF_VIRTUALUSD+0.198%+0.0189%1h$513K$545K50xas long as short
Coinbase International VIRTUAL-PERP-INTX+1.308%+0.0472%1h$193K$119K50xas long as short