Spread before costs (cost unknown: a leg has no order-book sample)−0.125%
7d average—if it closes, per $10,000$13funding while held, a day−$5.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7122 | L +0.0297% / S −0.0228% | pay 0.0037% / 1h | 28m 29s | $30K | — | 100x |
| Short | BingX VIRTUAL-USDT | 0.7113 | 0.0100 | get 0.0050% / 4h | 3h 28m | — | $8.1M | — |
GMX VIRTUAL/USD [WBTC.b-USDC]
BingX VIRTUAL-USDTPrice 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
- −$12.52
- Funding while held
- −$5.92
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$40.45
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; BingX: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0197%
- Per $10,000 a day
- −$5.92
- 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 BingX live order book, 1 min ago | 1.41 bp | 6.4 bp −$6 | 11.0 bp −$110 | 21.3 bp −$2,133 | 87.0 bp −$43.5K |
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.Injective0.6744cheapest
Phoenix0.7092+5.165%SoDEX0.7100+5.286%Variational Omni0.7101+5.299%Lighter0.7103+5.320%SunX0.7103+5.323%BloFin0.7104+5.338%Deribit0.7105+5.353%Backpack0.7106+5.368%Extended0.7106+5.373%OKX0.7110+5.427%Pacifica0.7110+5.431%Aster0.7111+5.439%MEXC0.7111+5.442%Aevo0.7111+5.443%01 Exchange0.7112+5.457%Gate0.7112+5.457%KuCoin0.7112+5.457%Reya0.7112+5.458%Kraken Futures0.7113+5.465%Bybit0.7113+5.472%
Injective
Phoenix
SoDEX
Variational Omni
Lighter
SunX
BloFin
Deribit
Backpack
Extended
OKX
Pacifica
Aster
MEXC
Aevo
Gate
KuCoin
Reya
Kraken Futures
BybitBingX0.7113+5.472%
Orderly0.7113+5.472%edgeX0.7113+5.475%Bitget0.7117+5.531%Polymarket Perps0.7118+5.541%Binance0.7118+5.549%ApeX Omni0.7120+5.575%gTrade (Gains Network)0.7122+5.601%
Orderly
Bitget
Polymarket Perps
Binance
ApeX Omni
gTrade (Gains Network)GMX0.7122+5.604%
Hyperliquid0.7124+5.635%Coinbase International0.7131+5.738%
Hyperliquid
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 | −5.306% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.416% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.301% | −0.0085% | 1h | $213 | $8K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.288% | +0.0038% | 4h | $599K | $803K | — | as long as short |
| Lighter VIRTUAL | −0.268% | −0.0056% | 1h | $323K | $412K | 5x | as long as short |
| SunX VIRTUAL-USDT | −0.266% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.252% | +0.0340% | 4h | $828K | $792K | 75x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.238% | −0.0313% | 1h | $15K | $40K | 10x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.224% | +0.0100% | 1h | $233K | $178K | 10x | as long as short |
| Extended VIRTUAL-USD | −0.219% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |