Spread before costs (cost unknown: a leg has no order-book sample)−0.185%
7d average—if it closes, per $10,000$19funding while held, a day−$8.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid VIRTUAL | 0.6971 | 0.0100 | pay 0.0013% / 1h | 0m 03s | $8.6M | $3.7M | 5x |
| Short | 01 Exchange VIRTUALUSD | 0.6958 | −0.0168 | pay 0.0021% / 1h | 0m 03s | $2K | $131 | 10x |
Hyperliquid 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
- −$18.51
- Funding while held
- −$8.04
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$42.55
- Spread needed to break even
- 0.160%
Slippage unknown: Hyperliquid: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0268%
- Per $10,000 a day
- −$8.04
- 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, 4 min ago | 0.65 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Injective0.6744cheapestApeX Omni0.6941+2.921%edgeX0.6942+2.936%Phoenix0.6945+2.977%Lighter0.6956+3.148%Reya0.6959+3.189%MEXC0.6960+3.203%Variational Omni0.6960+3.205%SoDEX0.6960+3.210%SunX0.6961+3.218%Aevo0.6962+3.227%Polymarket Perps0.6962+3.230%Bybit0.6962+3.233%Gate0.6962+3.233%KuCoin0.6962+3.233%BingX0.6962+3.233%Orderly0.6962+3.233%Deribit0.6963+3.247%BloFin0.6964+3.262%Binance0.6965+3.277%Aster0.6965+3.280%Extended0.6965+3.282%OKX0.6966+3.292%gTrade (Gains Network)0.6966+3.293%GMX0.6966+3.295%Backpack0.6967+3.307%Bitget0.6970+3.351%
Injective
ApeX Omni
Phoenix
Lighter
Reya
MEXC
Variational Omni
SoDEX
SunX
Aevo
Polymarket Perps
Bybit
Gate
KuCoin
BingX
Orderly
Deribit
BloFin
Binance
Aster
Extended
OKX
gTrade (Gains Network)
GMX
Backpack
BitgetHyperliquid0.6971+3.364%
Pacifica0.6971+3.366%Kraken Futures0.6973+3.398%Coinbase International0.6975+3.425%
Pacifica
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 | −3.255% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.429% | +0.0065% | 1h | $40K | $241K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.415% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Phoenix VIRTUAL | −0.374% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Lighter VIRTUAL | −0.209% | −0.0160% | 1h | $316K | $391K | 5x | as long as short |
| 01 Exchange VIRTUALUSDshort | −0.185% | −0.0168% | 1h | $2K | $131 | 10x | |
| Reya VIRTUALRUSDPERP | −0.169% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.156% | +0.0100% | 4h | $15.8M | $4.1M | 100x | as long as short |
| Variational Omni VIRTUAL | −0.154% | −0.0138% | 4h | $522K | $847K | — | as long as short |
| SoDEX VIRTUAL-USD | −0.149% | −0.0024% | 1h | $1K | $9K | 5x | as long as short |