Spread before costs (cost unknown: a leg has no order-book sample)+0.268%
7d average—if it closes, per $10,000$27funding while held, a day+$1.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7035 | L +0.0297% / S −0.0228% | pay 0.0037% / 1h | 19m 41s | $30K | — | 100x |
| Short | BloFin VIRTUAL-USDT | 0.7054 | 0.0340 | get 0.0170% / 4h | 3h 19m | $828K | $774K | 75x |
GMX VIRTUAL/USD [WBTC.b-USDC]
BloFin 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
- $26.78
- Funding while held
- $1.3
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.08
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 24 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0043%
- Per $10,000 a day
- +$1.30
- 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 BloFin live order book, 24 min ago | 4.21 bp | 13.9 bp −$14 | 28.5 bp −$285 | 65.8 bp −$6,576 | 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.Injective0.6744cheapestBingX0.7023+4.137%Lighter0.7023+4.143%Gate0.7024+4.152%KuCoin0.7024+4.152%Extended0.7024+4.153%Bybit0.7025+4.167%MEXC0.7025+4.167%OKX0.7028+4.211%Backpack0.7028+4.211%Aster0.7029+4.225%Binance0.7029+4.226%Reya0.7030+4.236%Bitget0.7030+4.241%Orderly0.7030+4.241%Deribit0.7030+4.241%SoDEX0.7030+4.248%Aevo0.7031+4.249%SunX0.7032+4.270%01 Exchange0.7033+4.285%
Injective
BingX
Lighter
Gate
KuCoin
Extended
Bybit
MEXC
OKX
Backpack
Aster
Binance
Reya
Bitget
Orderly
Deribit
SoDEX
Aevo
SunXGMX0.7035+4.317%
gTrade (Gains Network)0.7035+4.319%Hyperliquid0.7035+4.319%Polymarket Perps0.7037+4.342%Pacifica0.7040+4.389%Kraken Futures0.7041+4.411%
gTrade (Gains Network)
Hyperliquid
Polymarket Perps
Pacifica
Kraken FuturesBloFin0.7054+4.597%
Variational Omni0.7059+4.667%edgeX0.7070+4.834%Phoenix0.7074+4.899%Coinbase International0.7081+4.997%ApeX Omni0.7093+5.175%
Variational Omni
Phoenix
Coinbase International
ApeX OmniVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.139% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| BingX VIRTUAL-USDT | −0.173% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Lighter VIRTUAL | −0.167% | −0.0120% | 1h | $319K | $412K | 5x | as long as short |
| Gate VIRTUAL_USDT | −0.159% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| KuCoin VIRTUALUSDTM | −0.159% | +0.0100% | 4h | $3.0M | $4.3M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.157% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.144% | −0.0012% | 4h | $15.5M | $15.9M | 50x | as long as short |
| MEXC VIRTUAL_USDT | −0.144% | +0.0100% | 4h | $15.7M | $4.1M | 100x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.102% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.102% | +0.0100% | 1h | $231K | $178K | 10x | as long as short |