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−$34
spread now−0.146%7d average−0.078%fees + slippage, in and out−$27spread needed0.275%
Long on HyperliquidShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid VIRTUAL0.71200.0100pay 0.0013% / 1h8m 56s$9.5M$3.2M5x
ShortMEXC VIRTUAL_USDT0.71100.0100get 0.0050% / 4h1h 08m$16.1M$3.8M100x

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
−$14.61
Funding while held
$0
Slippage, 4 orders
−$18.49
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
−$42.09
Spread needed to break even
0.275%
Slippage from Hyperliquid: live order book, 5 min ago; MEXC: live order book, 1 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 ago1.06 bp10.2 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago0.70 bp2.2 bp −$28.1 bp −$8187.0 bp −$8,698doesn't fit

VIRTUAL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.6744cheapest
edgeX0.7072+4.856%Variational Omni0.7084+5.041%ApeX Omni0.7091+5.145%Phoenix0.7096+5.224%Coinbase International0.7098+5.249%Pacifica0.7100+5.286%SunX0.7105+5.353%Extended0.7105+5.354%BloFin0.7106+5.368%Aevo0.7107+5.387%SoDEX0.7108+5.393%Orderly0.7108+5.397%Deribit0.7108+5.397%01 Exchange0.7109+5.412%Lighter0.7109+5.415%
MEXC0.7110+5.427%
Reya0.7111+5.441%Aster0.7112+5.457%Bybit0.7112+5.457%KuCoin0.7112+5.457%BingX0.7112+5.457%Binance0.7113+5.472%Gate0.7113+5.472%Bitget0.7113+5.472%gTrade (Gains Network)0.7114+5.479%OKX0.7114+5.486%Backpack0.7115+5.501%GMX0.7115+5.506%Polymarket Perps0.7115+5.507%Kraken Futures0.7120+5.579%
Hyperliquid0.7120+5.581%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−5.286%+0.0033%1h$43$105K5.5xas long as short
edgeX VIRTUALUSDC−0.687%+0.0100%4h$18K$253K10xas long as short
Variational Omni VIRTUAL−0.512%−0.0026%4h$595K$781K—as long as short
ApeX Omni VIRTUALUSDT−0.413%+0.0100%1h$40K$242K50xas long as short
Phoenix VIRTUAL−0.338%−0.0181%1h$11K$43K5xas long as short
Coinbase International VIRTUAL-PERP-INTX−0.315%+0.0400%1h$194K$148K50xas long as short
Pacifica VIRTUAL−0.280%+0.0100%1h$72K$39K5xas long as short
SunX VIRTUAL-USDT−0.216%+0.0100%4h$2K$1.2M20xas long as short
Extended VIRTUAL-USD−0.215%+0.0104%1h$55K$244K10xas long as short
BloFin VIRTUAL-USDT−0.202%+0.0340%4h$842K$769K75xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo VIRTUAL-PERP−0.184%+0.0104%1h$18K$5053xas long as short
SoDEX VIRTUAL-USD−0.178%+0.0100%1h$211$8K5xas long as short
Orderly PERP_VIRTUAL_USDC−0.174%+0.0069%4h$14K$1.5M10xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.174%0.0000%1h$25K$30K10xas long as short
01 Exchange VIRTUALUSD−0.160%−0.0192%1h$2K$53910xas long as short
Lighter VIRTUAL−0.157%+0.0096%1h$359K$292K5xas long as short
MEXC VIRTUAL_USDTshort−0.146%+0.0100%4h$16.1M$3.8M100x
Reya VIRTUALRUSDPERP−0.133%−0.0139%1h$24—10xas long as short
Aster VIRTUALUSDT−0.118%+0.0100%4h$184K$75K20xas long as short
Bybit VIRTUALUSDT−0.118%+0.0100%4h$15.7M$15.6M50xas long as short
KuCoin VIRTUALUSDTM−0.118%+0.0100%4h$3.0M$4.2M50xas long as short
BingX VIRTUAL-USDT−0.118%+0.0100%4h—$8.3M—as long as short
Binance VIRTUALUSDT−0.104%+0.0100%4h$16.5M$36.1M75xas long as short
Gate VIRTUAL_USDT−0.104%+0.0100%4h$1.4M$3.0M75xas long as short
Bitget VIRTUALUSDT−0.104%+0.0100%4h$6.0M$5.6M25xas long as short
gTrade (Gains Network) VIRTUAL/USD−0.097%L +0.0007% / S −0.0004%1h$13K—150xas long as short
OKX VIRTUAL-USDT-SWAP−0.090%+0.0100%4h$2.8M$10.4M20xas long as short
Backpack VIRTUAL_USDC_PERP−0.076%+0.0100%1h$231K$166K10xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]−0.072%L +0.0297% / S −0.0228%1h$30K—100xas long as short
Polymarket Perps VIRTUAL-USD−0.070%+0.0043%1h$31K$793K5xas long as short
Kraken Futures PF_VIRTUALUSD−0.002%−0.0408%1h$514K$605K50xas long as short
Hyperliquid VIRTUALlong0.000%+0.0100%1h$9.5M$3.2M5x