Spread before costs (cost unknown: a leg has no order-book sample)+5.430%
7d average—if it closes, per $10,000$543funding while held, a day+$0.57
| 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 | 33m 50s | $43 | $28K | 5.5x |
| Short | Variational Omni VIRTUAL | 0.7110 | 0.0052 | get 0.0026% / 4h | 3h 33m | $601K | $803K | — |
Injective VIRTUAL/USDC PERP
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
- $542.97
- Funding while held
- $0.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $543.52
- Spread needed to break even
- 0.000%
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 11 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0019%
- Per $10,000 a day
- +$0.57
- 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 Variational Omni RFQ quote, 11 min ago | 4.23 bp | doesn't fit | 21.1 bp −$211 | 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.Injective0.6744cheapest
Reya0.7087+5.081%
ReyaAevo0.7092+5.163%
AevoLighter0.7093+5.172%
LighterSoDEX0.7094+5.182%
SoDEXBybit0.7095+5.205%
BybitOrderly0.7095+5.205%
OrderlyDeribit0.7095+5.205%
DeribitSunX0.7096+5.219%
SunXGMX0.7097+5.230%
GMXBingX0.7097+5.234%
BingXgTrade (Gains Network)0.7098+5.244%
gTrade (Gains Network)OKX0.7098+5.249%
OKXBloFin0.7098+5.249%
BloFinMEXC0.7099+5.264%
MEXCBinance0.7099+5.264%
BinancePolymarket Perps0.7099+5.265%
Polymarket PerpsExtended0.7099+5.270%
ExtendedGate0.7101+5.294%
GateKuCoin0.7101+5.294%
KuCoinBitget0.7103+5.323%
BitgetBackpack0.7103+5.323%
BackpackPacifica0.7103+5.330%
PacificaAster0.7104+5.331%
AsterKraken Futures0.7105+5.351%
Kraken FuturesVariational Omni0.7110+5.430%
Hyperliquid0.7111+5.446%
HyperliquidApeX Omni0.7121+5.590%
ApeX OmniPhoenix0.7124+5.638%
PhoenixCoinbase International0.7131+5.738%
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 | $28K | 5.5x | |
| Reya VIRTUALRUSDPERP | +5.081% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | +5.160% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| Aevo VIRTUAL-PERP | +5.163% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Lighter VIRTUAL | +5.172% | −0.0016% | 1h | $322K | $411K | 5x | as long as short |
| SoDEX VIRTUAL-USD | +5.182% | −0.0038% | 1h | $212 | $8K | 5x | as long as short |
| Bybit VIRTUALUSDT | +5.205% | +0.0100% | 4h | $15.7M | $16.1M | 50x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +5.205% | +0.0064% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | +5.205% | −0.0595% | 1h | $15K | $40K | 10x | as long as short |
| SunX VIRTUAL-USDT | +5.219% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |