After costs, if the gap returns to its 7d average, $10k−$84
spread now−0.231%7d average−0.016%fees + slippage, in and out−$62spread needed0.621%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid VIRTUAL | 0.6991 | 0.0100 | pay 0.0013% / 1h | 55m 29s | $8.6M | $3.7M | 5x |
| Short | Kraken Futures PF_VIRTUALUSD | 0.6975 | 0.0146 | get 0.0018% / 1h | 55m 29s | $509K | $517K | 50x |
Hyperliquid VIRTUAL
Kraken Futures PF_VIRTUALUSDPrice 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
- −$23.06
- Funding while held
- $1.37
- Slippage, 4 orders
- −$43.07
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.76
- Spread needed to break even
- 0.621%
Slippage from Hyperliquid: live order book, 8 min ago; Kraken Futures: live order book, 44 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0046%
- Per $10,000 a day
- +$1.37
- 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, 8 min ago | 0.65 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 44 min ago | 7.82 bp | 19.9 bp −$20 | 50.1 bp −$501 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.6959+3.187%SoDEX0.6959+3.195%Aevo0.6961+3.218%Backpack0.6962+3.233%Orderly0.6963+3.247%Phoenix0.6964+3.258%Lighter0.6964+3.259%Deribit0.6964+3.262%SunX0.6965+3.277%GMX0.6966+3.292%KuCoin0.6967+3.307%gTrade (Gains Network)0.6968+3.323%Gate0.6969+3.336%edgeX0.6969+3.337%Aster0.6969+3.340%Pacifica0.6970+3.353%ApeX Omni0.6972+3.381%
Injective
Variational Omni
SoDEX
Aevo
Backpack
Orderly
Phoenix
Lighter
Deribit
SunX
GMX
KuCoin
gTrade (Gains Network)
Gate
Aster
Pacifica
ApeX OmniKraken Futures0.6975+3.419%
MEXC0.6976+3.440%BloFin0.6976+3.440%BingX0.6977+3.455%Extended0.6979+3.484%Coinbase International0.6979+3.485%Binance0.6981+3.514%Bybit0.6981+3.514%OKX0.6981+3.514%01 Exchange0.6981+3.514%Reya0.6983+3.551%Bitget0.6985+3.574%Polymarket Perps0.6986+3.585%
MEXC
BloFin
BingX
Extended
Coinbase International
Binance
Bybit
OKX
Reya
Bitget
Polymarket PerpsHyperliquid0.6991+3.658%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.529% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.454% | −0.0151% | 4h | $524K | $847K | — | as long as short |
| SoDEX VIRTUAL-USD | −0.446% | −0.0032% | 1h | $1K | $9K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.425% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.411% | +0.0095% | 1h | $229K | $172K | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.396% | +0.0055% | 4h | $14K | $1.5M | 10x | as long as short |
| Phoenix VIRTUAL | −0.386% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Lighter VIRTUAL | −0.385% | −0.0560% | 1h | $316K | $389K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.382% | −0.0181% | 1h | $15K | $40K | 10x | as long as short |
| SunX VIRTUAL-USDT | −0.368% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |