data as of
Settings8H · net · $10k
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Price arb /

VIRTUAL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.111%7d average−0.075%fees + slippage, in and out−$40spread needed0.400%
Long on HyperliquidShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid VIRTUAL0.70190.0100pay 0.0013% / 1h39m 14s$8.6M$3.6M5x
ShortBinance VIRTUALUSDT0.70110.0100get 0.0050% / 4h1h 39m$15.8M$35.9M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$11.06
Funding while held
$0
Slippage, 4 orders
−$20.98
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$51.03
Spread needed to break even
0.400%
Slippage from Hyperliquid: live order book, 5 min ago; Binance: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago0.43 bp11.4 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 4 min ago0.71 bp9.3 bp −$921.0 bp −$21090.8 bp −$9,081doesn't fit

VIRTUAL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.6744cheapestLighter0.7008+3.912%Bybit0.7008+3.915%MEXC0.7010+3.944%01 Exchange0.7011+3.959%
Binance0.7011+3.966%
Reya0.7012+3.971%OKX0.7012+3.974%Gate0.7013+3.989%BingX0.7014+4.004%Aevo0.7014+4.009%Extended0.7015+4.011%Polymarket Perps0.7015+4.012%Orderly0.7015+4.018%SoDEX0.7016+4.033%Deribit0.7016+4.033%BloFin0.7016+4.033%Pacifica0.7017+4.043%Variational Omni0.7017+4.045%KuCoin0.7017+4.048%Bitget0.7017+4.048%edgeX0.7018+4.057%Phoenix0.7018+4.057%SunX0.7018+4.063%GMX0.7018+4.065%Aster0.7019+4.073%
Hyperliquid0.7019+4.081%
gTrade (Gains Network)0.7020+4.088%Backpack0.7020+4.093%ApeX Omni0.7020+4.093%Kraken Futures0.7026+4.176%Coinbase International0.7033+4.285%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−3.921%+0.0033%1h$43$28K5.5xas long as short
Lighter VIRTUAL−0.162%−0.0336%1h$318K$389K5xas long as short
Bybit VIRTUALUSDT−0.160%−0.0163%4h$15.3M$15.5M50xas long as short
MEXC VIRTUAL_USDT−0.131%+0.0100%4h$15.9M$3.9M100xas long as short
01 Exchange VIRTUALUSD−0.117%−0.0184%1h$2K$13110xas long as short
Binance VIRTUALUSDTshort−0.111%+0.0100%4h$15.8M$35.9M75x
Reya VIRTUALRUSDPERP−0.106%−0.0139%1h$23—10xas long as short
OKX VIRTUAL-USDT-SWAP−0.103%+0.0100%4h$2.7M$9.6M20xas long as short
Gate VIRTUAL_USDT−0.088%+0.0054%4h$1.4M$3.1M75xas long as short
BingX VIRTUAL-USDT−0.074%+0.0100%4h—$8.2M—as long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo VIRTUAL-PERP−0.068%+0.0104%1h$18K$5053xas long as short
Extended VIRTUAL-USD−0.067%+0.0104%1h$55K$243K10xas long as short
Polymarket Perps VIRTUAL-USD−0.066%+0.0100%1h$33K$765K5xas long as short
Orderly PERP_VIRTUAL_USDC−0.060%+0.0060%4h$14K$1.5M10xas long as short
SoDEX VIRTUAL-USD−0.046%+0.0070%1h$1K$9K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.046%−0.0320%1h$15K$40K10xas long as short
BloFin VIRTUAL-USDT−0.046%+0.0340%4h$807K$762K75xas long as short
Pacifica VIRTUAL−0.036%+0.0100%1h$72K$40K5xas long as short
Variational Omni VIRTUAL−0.034%−0.0129%4h$527K$847K—as long as short
KuCoin VIRTUALUSDTM−0.031%+0.0100%4h$3.0M$4.1M50xas long as short
Bitget VIRTUALUSDT−0.031%+0.0100%4h$6.0M$5.3M25xas long as short
edgeX VIRTUALUSDC−0.023%+0.0100%4h$18K$255K10xas long as short
Phoenix VIRTUAL−0.023%−0.0138%1h$11K$48K5xas long as short
SunX VIRTUAL-USDT−0.017%+0.0100%4h$1K$1.2M20xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]−0.015%L +0.0296% / S −0.0228%1h$30K—100xas long as short
Aster VIRTUALUSDT−0.007%+0.0100%4h$179K$63K20xas long as short
Hyperliquid VIRTUALlong0.000%+0.0100%1h$8.6M$3.6M5x
gTrade (Gains Network) VIRTUAL/USD+0.007%L +0.0007% / S −0.0004%1h$12K—150xas long as short
Backpack VIRTUAL_USDC_PERP+0.011%+0.0100%1h$231K$169K10xas long as short
ApeX Omni VIRTUALUSDT+0.011%+0.0100%1h$40K$241K50xas long as short
Kraken Futures PF_VIRTUALUSD+0.092%+0.0145%1h$514K$519K50xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.197%+0.0472%1h$191K$116K50xas long as short