Spread before costs (cost unknown: a leg has no order-book sample)−0.145%
7d average—if it closes, per $10,000$15funding while held, a day−$32.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_VIRTUALUSD | 0.7046 | 0.0776 | pay 0.0097% / 1h | 17m 48s | $515K | $638K | 50x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7036 | −0.0318 | pay 0.0040% / 1h | 17m 48s | $15K | $40K | 10x |
Kraken Futures PF_VIRTUALUSD
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$14.55
- Funding while held
- −$32.82
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$64.37
- Spread needed to break even
- 0.170%
Slippage unknown: Kraken Futures: live order book, 27 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1094%
- Per $10,000 a day
- −$32.82
- 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, 27 min ago | 4.21 bp | 20.9 bp −$21 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.6744cheapestSoDEX0.7033+4.288%BloFin0.7034+4.300%Aevo0.7035+4.322%
Injective
SoDEX
BloFin
AevoDeribit0.7036+4.330%
Orderly0.7037+4.345%gTrade (Gains Network)0.7041+4.401%Lighter0.7041+4.401%Gate0.7042+4.419%GMX0.7043+4.431%Extended0.7044+4.445%Bybit0.7044+4.448%MEXC0.7044+4.448%BingX0.7044+4.448%Backpack0.7044+4.448%Reya0.7044+4.454%Binance0.7044+4.455%01 Exchange0.7045+4.463%OKX0.7046+4.478%Aster0.7046+4.479%
Orderly
gTrade (Gains Network)
Lighter
Gate
GMX
Extended
Bybit
MEXC
BingX
Backpack
Reya
Binance
OKX
AsterKraken Futures0.7046+4.482%
Pacifica0.7048+4.508%KuCoin0.7048+4.508%SunX0.7048+4.508%Polymarket Perps0.7051+4.546%Bitget0.7052+4.567%Hyperliquid0.7053+4.576%Coinbase International0.7053+4.582%Variational Omni0.7059+4.667%ApeX Omni0.7059+4.671%edgeX0.7070+4.834%Phoenix0.7074+4.899%
Pacifica
KuCoin
SunX
Polymarket Perps
Bitget
Hyperliquid
Coinbase International
Variational Omni
ApeX Omni
PhoenixVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.290% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| SoDEX VIRTUAL-USD | −0.185% | −0.0169% | 1h | $405 | $8K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.174% | +0.0340% | 4h | $831K | $772K | 75x | as long as short |
| Aevo VIRTUAL-PERP | −0.153% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUALshort | −0.145% | −0.0318% | 1h | $15K | $40K | 10x | |
| Orderly PERP_VIRTUAL_USDC | −0.131% | +0.0059% | 4h | $14K | $1.5M | 10x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | −0.078% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |
| Lighter VIRTUAL | −0.077% | −0.0120% | 1h | $320K | $412K | 5x | as long as short |
| Gate VIRTUAL_USDT | −0.060% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | −0.048% | L +0.0297% / S −0.0228% | 1h | $30K | — | 100x | as long as short |