After costs, if the gap returns to its 7d average, $10k−$58
spread now−0.089%7d average−0.037%fees + slippage, in and out−$53spread needed0.531%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_VIRTUALUSD | 0.7104 | −0.0409 | get 0.0051% / 1h | 57m 53s | $450K | $525K | 50x |
| Short | Backpack VIRTUAL_USDC_PERP | 0.7098 | 0.0100 | get 0.0013% / 1h | 57m 53s | $231K | $163K | 10x |
Kraken Futures PF_VIRTUALUSD
Backpack VIRTUAL_USDC_PERPPrice 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
- −$8.88
- Funding while held
- $15.26
- Slippage, 4 orders
- −$33.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$46.71
- Spread needed to break even
- 0.531%
Slippage from Kraken Futures: live order book, 62 min ago; Backpack: live order book, 62 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0509%
- Per $10,000 a day
- +$15.26
- 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 Kraken Futures live order book, 62 min ago | 4.92 bp | 20.8 bp −$21 | 51.5 bp −$515 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 62 min ago | 1.41 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
Phoenix0.7076+4.923%01 Exchange0.7085+5.056%Bybit0.7087+5.086%Extended0.7089+5.115%BingX0.7090+5.130%Binance0.7091+5.145%BloFin0.7091+5.145%Reya0.7091+5.147%OKX0.7092+5.160%Aevo0.7093+5.177%Polymarket Perps0.7093+5.178%Pacifica0.7094+5.190%MEXC0.7094+5.190%Orderly0.7094+5.190%KuCoin0.7095+5.205%SunX0.7095+5.205%SoDEX0.7095+5.205%Gate0.7096+5.219%Deribit0.7096+5.219%Coinbase International0.7096+5.219%Aster0.7096+5.225%Lighter0.7097+5.227%Variational Omni0.7097+5.235%edgeX0.7097+5.237%
Injective
Phoenix
Bybit
Extended
BingX
Binance
BloFin
Reya
OKX
Aevo
Polymarket Perps
Pacifica
MEXC
Orderly
KuCoin
SunX
SoDEX
Gate
Deribit
Coinbase International
Aster
Lighter
Variational OmniBackpack0.7098+5.249%
Bitget0.7099+5.264%ApeX Omni0.7099+5.264%GMX0.7102+5.304%gTrade (Gains Network)0.7102+5.312%
Bitget
ApeX Omni
GMX
gTrade (Gains Network)Kraken Futures0.7104+5.343%
Hyperliquid0.7105+5.353%
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.072% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.398% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.272% | −0.0256% | 1h | $2K | $539 | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.244% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.216% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.201% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Binance VIRTUALUSDT | −0.188% | +0.0100% | 4h | $16.6M | $35.0M | 75x | as long as short |
| BloFin VIRTUAL-USDT | −0.187% | +0.0340% | 4h | $843K | $719K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.186% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.173% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |