Spread before costs (cost unknown: a leg has no order-book sample)−0.017%
7d average—if it closes, per $10,000$2funding while held, a day−$4.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid VIRTUAL | 0.7029 | 0.0100 | pay 0.0013% / 1h | 27m 46s | $9.1M | $3.4M | 5x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7028 | −0.0034 | pay 0.0004% / 1h | 27m 46s | $25K | $30K | 10x |
Hyperliquid VIRTUAL
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$1.71
- Funding while held
- −$4.04
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$21.74
- Spread needed to break even
- 0.160%
Slippage unknown: Hyperliquid: live order book, 6 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0135%
- Per $10,000 a day
- −$4.04
- 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 Hyperliquid live order book, 6 min ago | 0.85 bp | 6.0 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.6744cheapestPhoenix0.7006+3.882%edgeX0.7006+3.887%ApeX Omni0.7009+3.929%Variational Omni0.7013+3.986%Extended0.7013+3.988%OKX0.7015+4.018%BingX0.7016+4.033%MEXC0.7017+4.048%Lighter0.7018+4.060%Binance0.7018+4.063%Bybit0.7018+4.063%Bitget0.7019+4.078%Pacifica0.7023+4.136%SoDEX0.7024+4.149%Gate0.7025+4.167%KuCoin0.7025+4.167%01 Exchange0.7026+4.181%Aster0.7026+4.184%Orderly0.7027+4.196%Reya0.7028+4.209%Backpack0.7028+4.211%
Injective
Phoenix
ApeX Omni
Variational Omni
Extended
OKX
BingX
MEXC
Lighter
Binance
Bybit
Bitget
Pacifica
SoDEX
Gate
KuCoin
Aster
Orderly
Reya
BackpackDeribit0.7028+4.211%
Hyperliquid0.7029+4.229%
gTrade (Gains Network)0.7029+4.232%GMX0.7030+4.243%Aevo0.7030+4.247%BloFin0.7032+4.270%SunX0.7034+4.300%Polymarket Perps0.7034+4.306%Kraken Futures0.7035+4.318%Coinbase International0.7052+4.567%
gTrade (Gains Network)
GMX
Aevo
BloFin
SunX
Polymarket Perps
Kraken Futures
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 | −4.057% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.333% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.328% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.287% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Variational Omni VIRTUAL | −0.233% | −0.0031% | 4h | $590K | $801K | — | as long as short |
| Extended VIRTUAL-USD | −0.231% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.202% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.188% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| MEXC VIRTUAL_USDT | −0.174% | +0.0100% | 4h | $15.7M | $4.0M | 100x | as long as short |
| Lighter VIRTUAL | −0.162% | +0.0096% | 1h | $322K | $352K | 5x | as long as short |