After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.034%7d average+0.020%fees + slippage, in and out−$57spread needed0.570%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_VIRTUALUSD | 0.7140 | 0.0265 | pay 0.0033% / 1h | 40m 01s | $440K | $504K | 50x |
| Short | Hyperliquid VIRTUAL | 0.7143 | 0.0291 | get 0.0036% / 1h | 40m 01s | $9.7M | $2.7M | 5x |
Kraken Futures PF_VIRTUALUSD
Hyperliquid 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
- $3.43
- Funding while held
- $0.78
- Slippage, 4 orders
- −$38.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$52.82
- Spread needed to break even
- 0.570%
Slippage from Kraken Futures: live order book, 19 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0026%
- Per $10,000 a day
- +$0.78
- 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, 19 min ago | 4.92 bp | 20.8 bp −$21 | 51.5 bp −$515 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.28 bp | 10.3 bp −$10 | 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
Variational Omni0.7112+5.457%edgeX0.7115+5.496%ApeX Omni0.7119+5.560%Phoenix0.7120+5.583%Extended0.7126+5.659%BloFin0.7126+5.664%OKX0.7127+5.679%MEXC0.7127+5.679%Bybit0.7128+5.694%Binance0.7129+5.704%Polymarket Perps0.7129+5.712%Aevo0.7130+5.722%BingX0.7130+5.724%01 Exchange0.7131+5.738%Reya0.7131+5.739%KuCoin0.7132+5.753%Bitget0.7133+5.768%Orderly0.7133+5.768%SoDEX0.7133+5.768%Lighter0.7134+5.776%Pacifica0.7134+5.777%SunX0.7134+5.783%Deribit0.7135+5.798%Gate0.7136+5.813%Backpack0.7136+5.813%GMX0.7137+5.834%gTrade (Gains Network)0.7138+5.843%Aster0.7138+5.845%
Injective
Variational Omni
ApeX Omni
Phoenix
Extended
BloFin
OKX
MEXC
Bybit
Binance
Polymarket Perps
Aevo
BingX
Reya
KuCoin
Bitget
Orderly
SoDEX
Lighter
Pacifica
SunX
Deribit
Gate
Backpack
GMX
gTrade (Gains Network)
AsterKraken Futures0.7140+5.876%
Hyperliquid0.7143+5.912%
Coinbase International0.7152+6.050%
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 PERP | −5.550% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.395% | +0.0070% | 4h | $714K | $571K | — | as long as short |
| edgeX VIRTUALUSDC | −0.358% | +0.0100% | 4h | $19K | $250K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.298% | +0.0084% | 1h | $42K | $226K | 50x | as long as short |
| Phoenix VIRTUAL | −0.277% | −0.0101% | 1h | $12K | $42K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.205% | +0.0104% | 1h | $55K | $240K | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.200% | +0.0340% | 4h | $850K | $706K | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.186% | +0.0100% | 4h | $2.8M | $10.0M | 20x | as long as short |
| MEXC VIRTUAL_USDT | −0.186% | +0.0100% | 4h | $16.7M | $3.6M | 100x | as long as short |
| Bybit VIRTUALUSDT | −0.172% | +0.0100% | 4h | $15.9M | $14.6M | 50x | as long as short |