After costs, if the gap returns to its 7d average, $10k−$42
spread now+0.062%7d average−0.066%fees + slippage, in and out−$55spread needed0.550%
| 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 56s | $515K | $638K | 50x |
| Short | Polymarket Perps VIRTUAL-USD | 0.7051 | 0.0100 | get 0.0013% / 1h | 17m 56s | $31K | $818K | 5x |
Kraken Futures PF_VIRTUALUSD
Polymarket Perps VIRTUAL-USDPrice 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
- $6.17
- Funding while held
- −$20.27
- Slippage, 4 orders
- −$36.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$69.08
- Spread needed to break even
- 0.550%
Slippage from Kraken Futures: live order book, 27 min ago; Polymarket Perps: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0676%
- Per $10,000 a day
- −$20.27
- 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 Polymarket Perps live order book, 26 min ago | 1.33 bp | 9.5 bp −$10 | 10.0 bp −$100 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestLighter0.7032+4.269%SoDEX0.7033+4.288%BloFin0.7034+4.300%Aevo0.7035+4.322%Deribit0.7036+4.330%Orderly0.7037+4.345%gTrade (Gains Network)0.7041+4.401%Bybit0.7041+4.404%Binance0.7042+4.419%Gate0.7042+4.419%MEXC0.7042+4.419%Aster0.7042+4.419%GMX0.7043+4.431%OKX0.7043+4.434%Extended0.7044+4.445%KuCoin0.7044+4.448%BingX0.7044+4.448%Backpack0.7044+4.448%Reya0.7044+4.454%01 Exchange0.7045+4.463%
Injective
Lighter
SoDEX
BloFin
Aevo
Deribit
Orderly
gTrade (Gains Network)
Bybit
Binance
Gate
MEXC
Aster
GMX
OKX
Extended
KuCoin
BingX
Backpack
ReyaKraken Futures0.7046+4.482%
Bitget0.7047+4.493%Hyperliquid0.7047+4.496%Pacifica0.7048+4.503%SunX0.7048+4.508%
Bitget
Hyperliquid
Pacifica
SunXPolymarket Perps0.7051+4.546%
Coinbase International0.7053+4.582%Variational Omni0.7059+4.667%ApeX Omni0.7059+4.671%edgeX0.7070+4.834%Phoenix0.7074+4.899%
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 |
| Lighter VIRTUAL | −0.204% | −0.0120% | 1h | $319K | $412K | 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-PERPETUAL | −0.145% | −0.0318% | 1h | $15K | $40K | 10x | as long as short |
| 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 |
| Bybit VIRTUALUSDT | −0.075% | +0.0030% | 4h | $15.5M | $15.9M | 50x | as long as short |
| Binance VIRTUALUSDT | −0.060% | +0.0100% | 4h | $16.3M | $37.0M | 75x | as long as short |