Spread before costs (cost unknown: a leg has no order-book sample)+0.150%
7d average−0.110%if it closes, per $10,000$15funding while held, a day−$3.42
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid VIRTUAL | 0.7103 | 0.0163 | pay 0.0020% / 1h | 1m 03s | $9.4M | $3.1M | 5x |
| Short | Variational Omni VIRTUAL | 0.7113 | 0.0049 | get 0.0025% / 4h | 2h 01m | $715K | $595K | — |
Hyperliquid VIRTUAL
Variational Omni 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
- $15
- Funding while held
- −$3.42
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $2.58
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 59 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0114%
- Per $10,000 a day
- −$3.42
- 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 Variational Omni RFQ quote, 59 min ago | 4.23 bp | doesn't fit | 19.7 bp −$197 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
Bybit0.7088+5.101%OKX0.7088+5.101%Extended0.7092+5.163%Binance0.7093+5.177%Aevo0.7093+5.179%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%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%Gate0.7099+5.264%Bitget0.7099+5.264%ApeX Omni0.7099+5.264%KuCoin0.7100+5.279%Aster0.7100+5.282%01 Exchange0.7101+5.294%Kraken Futures0.7101+5.300%
Injective
Bybit
OKX
Extended
Binance
Aevo
Orderly
Deribit
MEXC
BloFin
Polymarket Perps
SoDEX
Reya
BingX
Lighter
Backpack
GMX
gTrade (Gains Network)
Gate
Bitget
ApeX Omni
KuCoin
Aster
Kraken FuturesHyperliquid0.7103+5.317%
Pacifica0.7103+5.323%edgeX0.7105+5.359%SunX0.7108+5.397%Phoenix0.7109+5.411%
Pacifica
SunX
PhoenixVariational Omni0.7113+5.475%
Coinbase International0.7136+5.813%
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 | −5.049% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.206% | +0.0100% | 4h | $15.8M | $15.0M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.206% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.147% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Binance VIRTUALUSDT | −0.133% | +0.0100% | 4h | $16.6M | $34.9M | 75x | as long as short |
| Aevo VIRTUAL-PERP | −0.131% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.121% | +0.0078% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.121% | −0.0313% | 1h | $15K | $20K | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.107% | +0.0100% | 4h | $16.4M | $3.8M | 100x | as long as short |
| BloFin VIRTUAL-USDT | −0.107% | +0.0340% | 4h | $843K | $725K | 75x | as long as short |