Spread before costs (cost unknown: a leg has no order-book sample)+0.137%
7d average—if it closes, per $10,000$14funding while held, a day+$3.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7116 | L +0.0297% / S −0.0228% | pay 0.0037% / 1h | 4m 13s | $30K | — | 100x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7126 | 0.0400 | get 0.0050% / 1h | 4m 13s | $195K | $148K | 50x |
GMX VIRTUAL/USD [WBTC.b-USDC]
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $13.72
- Funding while held
- $3.08
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$5.21
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 50 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0103%
- Per $10,000 a day
- +$3.08
- 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 Coinbase International live order book, 50 min ago | 7.82 bp | 57.8 bp −$58 | 638.0 bp −$6,380 | 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.Injective0.6744cheapest
edgeX0.7101+5.300%OKX0.7110+5.427%Extended0.7111+5.436%Phoenix0.7111+5.442%Bybit0.7112+5.457%Aevo0.7113+5.471%Orderly0.7114+5.486%Lighter0.7114+5.492%Binance0.7115+5.500%BingX0.7115+5.501%Deribit0.7115+5.501%Reya0.7116+5.511%01 Exchange0.7116+5.516%Gate0.7116+5.516%SunX0.7116+5.516%
Injective
OKX
Extended
Phoenix
Bybit
Aevo
Orderly
Lighter
Binance
BingX
Deribit
Reya
Gate
SunXGMX0.7116+5.520%
ApeX Omni0.7117+5.531%gTrade (Gains Network)0.7117+5.532%KuCoin0.7118+5.546%MEXC0.7119+5.560%Bitget0.7119+5.560%Polymarket Perps0.7122+5.606%Aster0.7123+5.618%Pacifica0.7123+5.620%SoDEX0.7123+5.620%Backpack0.7124+5.635%Kraken Futures0.7126+5.659%
ApeX Omni
gTrade (Gains Network)
KuCoin
MEXC
Bitget
Polymarket Perps
Aster
Pacifica
SoDEX
Backpack
Kraken FuturesCoinbase International0.7126+5.664%
BloFin0.7128+5.694%Hyperliquid0.7128+5.695%Variational Omni0.7130+5.726%
BloFin
Hyperliquid
Variational 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 | −5.231% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.208% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.088% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.079% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Phoenix VIRTUAL | −0.074% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.060% | +0.0100% | 4h | $15.7M | $15.7M | 50x | as long as short |
| Aevo VIRTUAL-PERP | −0.046% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.031% | +0.0069% | 4h | $14K | $1.5M | 10x | as long as short |
| Lighter VIRTUAL | −0.026% | +0.0096% | 1h | $330K | $328K | 5x | as long as short |
| Binance VIRTUALUSDT | −0.018% | +0.0100% | 4h | $16.5M | $36.2M | 75x | as long as short |