Spread before costs (cost unknown: a leg has no order-book sample)+4.978%
7d average—if it closes, per $10,000$498funding while held, a day−$6.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective VIRTUAL/USDC PERP | 0.6744 | 0.0033 | pay 0.0004% / 1h | 52m 59s | $43 | $105K | 5.5x |
| Short | Phoenix VIRTUAL | 0.7080 | −0.0181 | pay 0.0023% / 1h | 52m 59s | $11K | $43K | 5x |
Injective VIRTUAL/USDC PERP
Phoenix 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
- $497.78
- Funding while held
- −$6.43
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $484.33
- Spread needed to break even
- 0.070%
Slippage unknown: Injective: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0214%
- Per $10,000 a day
- −$6.43
- 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 Phoenix no order-book sample | — | — | — | — | — |
Injective and Phoenix: 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
01 Exchange0.6977+3.455%Aevo0.6986+3.586%BloFin0.6986+3.588%Reya0.6987+3.607%Orderly0.6988+3.618%Polymarket Perps0.6990+3.654%Deribit0.6991+3.663%GMX0.6994+3.704%gTrade (Gains Network)0.6994+3.711%SoDEX0.6995+3.714%Lighter0.6995+3.725%Gate0.6998+3.766%Backpack0.7002+3.826%Extended0.7003+3.834%Aster0.7003+3.840%OKX0.7003+3.840%Bybit0.7004+3.855%Kraken Futures0.7004+3.862%SunX0.7005+3.870%Pacifica0.7006+3.887%Binance0.7007+3.893%BingX0.7007+3.900%MEXC0.7008+3.915%KuCoin0.7010+3.944%Hyperliquid0.7013+3.986%Bitget0.7013+3.989%edgeX0.7063+4.725%ApeX Omni0.7067+4.789%
Aevo
BloFin
Reya
Orderly
Polymarket Perps
Deribit
GMX
gTrade (Gains Network)
SoDEX
Lighter
Gate
Backpack
Extended
Aster
OKX
Bybit
Kraken Futures
SunX
Pacifica
Binance
BingX
MEXC
KuCoin
Hyperliquid
Bitget
ApeX OmniPhoenix0.7080+4.978%
Variational Omni0.7097+5.241%
Variational OmniCoinbase International0.7107+5.383%
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 PERPlong | 0.000% | +0.0033% | 1h | $43 | $105K | 5.5x | |
| 01 Exchange VIRTUALUSD | +3.455% | −0.0264% | 1h | $2K | $539 | 10x | as long as short |
| Aevo VIRTUAL-PERP | +3.586% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| BloFin VIRTUAL-USDT | +3.588% | +0.0340% | 4h | $831K | $740K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | +3.607% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +3.618% | +0.0074% | 4h | $14K | $1.5M | 10x | as long as short |
| Polymarket Perps VIRTUAL-USD | +3.654% | −0.0712% | 1h | $30K | $778K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | +3.663% | −0.0608% | 1h | $15K | $20K | 10x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | +3.704% | L +0.0297% / S −0.0228% | 1h | $29K | — | 100x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | +3.711% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |