Spread before costs (cost unknown: a leg has no order-book sample)+0.334%
7d average—if it closes, per $10,000$33funding while held, a day+$2.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective VIRTUAL/USDC PERP | 0.6992 | 0.0033 | pay 0.0004% / 1h | 14m 20s | $45 | $56K | 5.5x |
| Short | Extended VIRTUAL-USD | 0.7015 | 0.0104 | get 0.0013% / 1h | 14m 20s | $55K | $243K | 10x |
Injective VIRTUAL/USDC PERP
Extended VIRTUAL-USDPrice 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
- $33.36
- Funding while held
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $30.46
- Spread needed to break even
- 0.050%
Slippage unknown: Injective: no order-book sample; Extended: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0071%
- Per $10,000 a day
- +$2.12
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 65 min ago | 1.36 bp | 13.7 bp −$14 | 244.4 bp −$2,444 | doesn't fit | doesn't fit |
Injective: 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.Phoenix0.6988cheapest
PhoenixInjective0.6992+0.059%
Bybit0.7012+0.345%OKX0.7012+0.345%Lighter0.7012+0.346%edgeX0.7012+0.346%Reya0.7014+0.370%ApeX Omni0.7014+0.374%
Bybit
OKX
Lighter
Reya
ApeX OmniExtended0.7015+0.392%
Binance0.7015+0.395%SoDEX0.7016+0.399%MEXC0.7017+0.416%Orderly0.7017+0.416%Aevo0.7017+0.421%Deribit0.7018+0.431%01 Exchange0.7019+0.445%BingX0.7019+0.445%Gate0.7020+0.459%BloFin0.7020+0.459%GMX0.7020+0.462%KuCoin0.7021+0.474%Polymarket Perps0.7022+0.484%Variational Omni0.7022+0.484%Aster0.7022+0.487%Bitget0.7022+0.488%Pacifica0.7023+0.500%gTrade (Gains Network)0.7023+0.501%SunX0.7023+0.502%Backpack0.7024+0.517%Hyperliquid0.7026+0.538%Kraken Futures0.7026+0.544%Coinbase International0.7033+0.645%
Binance
SoDEX
MEXC
Orderly
Aevo
Deribit
BingX
Gate
BloFin
GMX
KuCoin
Polymarket Perps
Variational Omni
Aster
Bitget
Pacifica
gTrade (Gains Network)
SunX
Backpack
Hyperliquid
Kraken Futures
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VIRTUAL | −0.059% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Injective VIRTUAL/USDC PERPlong | 0.000% | +0.0033% | 1h | $45 | $56K | 5.5x | |
| Bybit VIRTUALUSDT | +0.286% | −0.0081% | 4h | $15.2M | $15.4M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.286% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| Lighter VIRTUAL | +0.287% | −0.0176% | 1h | $319K | $389K | 5x | as long as short |
| edgeX VIRTUALUSDC | +0.288% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | +0.311% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.315% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Extended VIRTUAL-USDshort | +0.334% | +0.0104% | 1h | $55K | $243K | 10x | |
| Binance VIRTUALUSDT | +0.336% | +0.0100% | 4h | $15.9M | $35.7M | 75x | as long as short |