Spread before costs (cost unknown: a leg has no order-book sample)−0.073%
7d average—if it closes, per $10,000$7funding while held, a day−$2.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid VIRTUAL | 0.7108 | 0.0167 | pay 0.0021% / 1h | 1m 08s | $9.4M | $3.1M | 5x |
| Short | Pacifica VIRTUAL | 0.7103 | 0.0100 | get 0.0013% / 1h | 1m 08s | $71K | $37K | 5x |
Hyperliquid VIRTUAL
Pacifica VIRTUALPrice 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
- −$7.32
- Funding while held
- −$2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$26.34
- Spread needed to break even
- 0.170%
Slippage unknown: Hyperliquid: live order book, 3 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.02
- 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, 3 min ago | 1.48 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Injective0.6744cheapest
OKX0.7092+5.160%Extended0.7092+5.163%Aevo0.7093+5.179%Bybit0.7094+5.190%Orderly0.7094+5.190%Deribit0.7094+5.190%MEXC0.7095+5.205%BloFin0.7095+5.205%Polymarket Perps0.7096+5.212%SoDEX0.7096+5.215%Binance0.7096+5.219%Reya0.7096+5.222%BingX0.7097+5.234%Lighter0.7097+5.236%Backpack0.7098+5.249%GMX0.7098+5.253%gTrade (Gains Network)0.7098+5.256%ApeX Omni0.7099+5.264%Gate0.7100+5.279%KuCoin0.7100+5.279%01 Exchange0.7101+5.294%Kraken Futures0.7101+5.300%Bitget0.7102+5.308%
Injective
OKX
Extended
Aevo
Bybit
Orderly
Deribit
MEXC
BloFin
Polymarket Perps
SoDEX
Binance
Reya
BingX
Lighter
Backpack
GMX
gTrade (Gains Network)
ApeX Omni
Gate
KuCoin
Kraken Futures
BitgetPacifica0.7103+5.323%
Aster0.7105+5.354%edgeX0.7105+5.359%SunX0.7108+5.397%
Aster
SunXHyperliquid0.7108+5.400%
Phoenix0.7109+5.411%Variational Omni0.7113+5.475%Coinbase International0.7136+5.813%
Phoenix
Variational Omni
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 | −5.124% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.228% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.226% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.210% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Bybit VIRTUALUSDT | −0.200% | +0.0100% | 4h | $15.8M | $15.0M | 50x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.200% | +0.0078% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.200% | −0.0313% | 1h | $15K | $20K | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.186% | +0.0100% | 4h | $16.4M | $3.8M | 100x | as long as short |
| BloFin VIRTUAL-USDT | −0.186% | +0.0340% | 4h | $843K | $725K | 75x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.179% | −0.0523% | 1h | $31K | $778K | 5x | as long as short |