Spread before costs (cost unknown: a leg has no order-book sample)−0.089%
7d average—if it closes, per $10,000$9funding while held, a day−$5.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7000 | L +0.0296% / S −0.0228% | pay 0.0037% / 1h | 29m 09s | $30K | — | 100x |
| Short | OKX VIRTUAL-USDT-SWAP | 0.6994 | 0.0100 | get 0.0050% / 4h | 1h 29m | $2.7M | $9.5M | 20x |
GMX VIRTUAL/USD [WBTC.b-USDC]
OKX VIRTUAL-USDT-SWAPPrice 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
- −$8.94
- Funding while held
- −$5.87
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$36.81
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0196%
- Per $10,000 a day
- −$5.87
- 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 OKX live order book, 5 min ago | 0.71 bp | 13.5 bp −$13 | 40.0 bp −$400 | 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.Injective0.6744cheapestSoDEX0.6988+3.614%Variational Omni0.6989+3.630%Bybit0.6990+3.648%Lighter0.6990+3.652%
Injective
SoDEX
Variational Omni
Bybit
LighterOKX0.6994+3.707%
ApeX Omni0.6994+3.707%Extended0.6994+3.709%edgeX0.6994+3.714%MEXC0.6995+3.722%Aevo0.6996+3.733%Phoenix0.6996+3.734%Reya0.6996+3.741%Binance0.6996+3.741%01 Exchange0.6997+3.751%Gate0.6997+3.751%BingX0.6997+3.751%Orderly0.6997+3.751%KuCoin0.6998+3.766%Bitget0.6998+3.766%BloFin0.6998+3.766%SunX0.6999+3.781%Deribit0.6999+3.781%Pacifica0.7000+3.789%Aster0.7000+3.794%Backpack0.7000+3.796%gTrade (Gains Network)0.7000+3.796%Polymarket Perps0.7000+3.799%
ApeX Omni
Extended
MEXC
Aevo
Phoenix
Reya
Binance
Gate
BingX
Orderly
KuCoin
Bitget
BloFin
SunX
Deribit
Pacifica
Aster
Backpack
gTrade (Gains Network)
Polymarket PerpsGMX0.7000+3.800%
Kraken Futures0.7004+3.859%Hyperliquid0.7006+3.882%Coinbase International0.7033+4.285%
Kraken Futures
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 | −3.661% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| SoDEX VIRTUAL-USD | −0.179% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.164% | −0.0160% | 4h | $526K | $847K | — | as long as short |
| Bybit VIRTUALUSDT | −0.147% | −0.0166% | 4h | $15.3M | $15.5M | 50x | as long as short |
| Lighter VIRTUAL | −0.142% | −0.0240% | 1h | $318K | $389K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAPshort | −0.089% | +0.0100% | 4h | $2.7M | $9.5M | 20x | |
| ApeX Omni VIRTUALUSDT | −0.089% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Extended VIRTUAL-USD | −0.088% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| edgeX VIRTUALUSDC | −0.082% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.075% | +0.0100% | 4h | $15.9M | $3.9M | 100x | as long as short |