Spread before costs (cost unknown: a leg has no order-book sample)+0.077%
7d average—if it closes, per $10,000$8funding while held, a day−$5.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7077 | L +0.0297% / S −0.0228% | pay 0.0037% / 1h | 2m 22s | $30K | — | 100x |
| Short | KuCoin VIRTUALUSDTM | 0.7082 | 0.0100 | get 0.0050% / 4h | 2m 22s | $3.0M | $4.3M | 50x |
GMX VIRTUAL/USD [WBTC.b-USDC]
KuCoin VIRTUALUSDTMPrice 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
- $7.69
- Funding while held
- −$5.9
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$22.22
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0197%
- Per $10,000 a day
- −$5.90
- 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 KuCoin live order book, 2 min ago | 1.41 bp | 17.2 bp −$17 | 46.3 bp −$463 | 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.Injective0.6744cheapestMEXC0.7068+4.804%OKX0.7070+4.834%Bybit0.7071+4.849%Orderly0.7072+4.864%Reya0.7073+4.879%Binance0.7074+4.891%Gate0.7074+4.893%BingX0.7074+4.893%gTrade (Gains Network)0.7076+4.919%Extended0.7076+4.922%01 Exchange0.7076+4.923%
Injective
MEXC
OKX
Bybit
Orderly
Reya
Binance
Gate
BingX
gTrade (Gains Network)
ExtendedGMX0.7077+4.931%
SoDEX0.7077+4.935%Lighter0.7078+4.954%ApeX Omni0.7079+4.967%Aevo0.7080+4.981%Phoenix0.7080+4.982%Variational Omni0.7081+4.992%Aster0.7081+5.003%Polymarket Perps0.7081+5.003%
SoDEX
Lighter
ApeX Omni
Aevo
Phoenix
Variational Omni
Aster
Polymarket PerpsKuCoin0.7082+5.012%
Bitget0.7082+5.012%Deribit0.7082+5.012%edgeX0.7083+5.026%Pacifica0.7083+5.027%Hyperliquid0.7084+5.034%SunX0.7084+5.042%BloFin0.7084+5.042%Backpack0.7085+5.056%Coinbase International0.7090+5.130%Kraken Futures0.7094+5.194%
Bitget
Deribit
Pacifica
Hyperliquid
SunX
BloFin
Backpack
Coinbase International
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.699% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| MEXC VIRTUAL_USDT | −0.121% | +0.0100% | 4h | $15.9M | $4.0M | 100x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.093% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Bybit VIRTUALUSDT | −0.079% | +0.0100% | 4h | $15.6M | $16.1M | 50x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.064% | +0.0065% | 4h | $14K | $1.5M | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.050% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Binance VIRTUALUSDT | −0.039% | +0.0100% | 4h | $16.3M | $37.2M | 75x | as long as short |
| Gate VIRTUAL_USDT | −0.036% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.036% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | −0.012% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |