Spread before costs (cost unknown: a leg has no order-book sample)+0.074%
7d average—if it closes, per $10,000$7funding while held, a day−$20.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_VIRTUALUSD | 0.7096 | 0.0770 | pay 0.0096% / 1h | 25m 18s | $517K | $633K | 50x |
| Short | Pacifica VIRTUAL | 0.7101 | 0.0100 | get 0.0013% / 1h | 25m 18s | $73K | $41K | 5x |
Kraken Futures PF_VIRTUALUSD
Pacifica 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
- $7.42
- Funding while held
- −$20.11
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$30.69
- Spread needed to break even
- 0.180%
Slippage unknown: Kraken Futures: live order book, 19 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0670%
- Per $10,000 a day
- −$20.11
- 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 | 4.21 bp | 20.9 bp −$21 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Injective0.6744cheapestBybit0.7069+4.819%OKX0.7071+4.849%BloFin0.7073+4.878%Binance0.7076+4.921%MEXC0.7076+4.923%Bitget0.7080+4.982%Lighter0.7081+4.994%KuCoin0.7082+5.012%SoDEX0.7085+5.053%Extended0.7086+5.076%Aevo0.7088+5.094%Reya0.7088+5.101%BingX0.7089+5.116%Orderly0.7089+5.116%Deribit0.7089+5.116%Variational Omni0.7090+5.125%Aster0.7093+5.175%01 Exchange0.7093+5.175%SunX0.7093+5.175%Polymarket Perps0.7094+5.184%GMX0.7094+5.186%gTrade (Gains Network)0.7094+5.194%Gate0.7095+5.205%
Injective
Bybit
OKX
BloFin
Binance
MEXC
Bitget
Lighter
KuCoin
SoDEX
Extended
Aevo
Reya
BingX
Orderly
Deribit
Variational Omni
Aster
SunX
Polymarket Perps
GMX
gTrade (Gains Network)
GateKraken Futures0.7096+5.222%
Hyperliquid0.7100+5.282%
HyperliquidPacifica0.7101+5.300%
Backpack0.7104+5.338%Phoenix0.7105+5.350%edgeX0.7112+5.451%ApeX Omni0.7119+5.560%Coinbase International0.7131+5.738%
Backpack
Phoenix
ApeX Omni
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 | −4.963% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.383% | +0.0100% | 4h | $15.6M | $15.9M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.354% | +0.0100% | 4h | $2.7M | $10.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.326% | +0.0340% | 4h | $827K | $789K | 75x | as long as short |
| Binance VIRTUALUSDT | −0.286% | +0.0100% | 4h | $16.4M | $37.1M | 75x | as long as short |
| MEXC VIRTUAL_USDT | −0.284% | +0.0100% | 4h | $16.0M | $4.1M | 100x | as long as short |
| Bitget VIRTUALUSDT | −0.228% | +0.0100% | 4h | $6.1M | $5.6M | 25x | as long as short |
| Lighter VIRTUAL | −0.216% | −0.0072% | 1h | $322K | $412K | 5x | as long as short |
| KuCoin VIRTUALUSDTM | −0.199% | +0.0100% | 4h | $3.0M | $4.3M | 50x | as long as short |
| SoDEX VIRTUAL-USD | −0.160% | −0.0135% | 1h | $215 | $8K | 5x | as long as short |