data as of
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Price arb /

VIRTUAL

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Spread before costs (cost unknown: a leg has no order-book sample)−0.092%
7d average—if it closes, per $10,000$9funding while held, a day+$4.41
Long on Kraken FuturesShort on 01 Exchange
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_VIRTUALUSD0.7066−0.0411get 0.0051% / 1h47m 00s$447K$527K50x
Short01 Exchange VIRTUALUSD0.7059−0.0264pay 0.0033% / 1h47m 00s$2K$53910x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.21
Funding while held
$4.41
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$21.8
Spread needed to break even
0.170%
Slippage unknown: Kraken Futures: live order book, 7 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0147%
Per $10,000 a day
+$4.41
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 7 min ago14.92 bp22.8 bp −$2359.2 bp −$592doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample—————
01 Exchange: 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.
Injective0.6744cheapestedgeX0.7013+3.984%Variational Omni0.7014+4.007%ApeX Omni0.7015+4.018%Binance0.7038+4.359%Bybit0.7038+4.359%Extended0.7040+4.393%OKX0.7043+4.434%Gate0.7044+4.448%BingX0.7044+4.448%MEXC0.7045+4.463%BloFin0.7048+4.508%gTrade (Gains Network)0.7051+4.548%Lighter0.7052+4.570%SoDEX0.7053+4.579%Backpack0.7053+4.582%KuCoin0.7054+4.597%Aster0.7056+4.620%Bitget0.7057+4.641%Hyperliquid0.7058+4.650%
01 Exchange0.7059+4.671%
Aevo0.7059+4.675%Reya0.7060+4.685%Deribit0.7061+4.700%Polymarket Perps0.7062+4.709%Orderly0.7062+4.715%Phoenix0.7064+4.748%
Kraken Futures0.7066+4.767%
GMX0.7066+4.778%SunX0.7071+4.849%Coinbase International0.7071+4.849%Pacifica0.7071+4.851%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−4.550%+0.0033%1h$43$105K5.5xas long as short
edgeX VIRTUALUSDC−0.748%+0.0100%4h$18K$253K10xas long as short
Variational Omni VIRTUAL−0.726%−0.0003%4h$558K$743K—as long as short
ApeX Omni VIRTUALUSDT−0.715%−0.0009%1h$41K$241K50xas long as short
Binance VIRTUALUSDT−0.389%+0.0100%4h$16.4M$35.4M75xas long as short
Bybit VIRTUALUSDT−0.389%+0.0059%4h$15.5M$15.4M50xas long as short
Extended VIRTUAL-USD−0.357%+0.0104%1h$55K$244K10xas long as short
OKX VIRTUAL-USDT-SWAP−0.319%+0.0100%4h$2.7M$10.2M20xas long as short
Gate VIRTUAL_USDT−0.304%+0.0100%4h$1.4M$2.9M75xas long as short
BingX VIRTUAL-USDT−0.304%+0.0100%4h—$8.3M—as long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC VIRTUAL_USDT−0.290%+0.0100%4h$16.1M$3.7M100xas long as short
BloFin VIRTUAL-USDT−0.248%+0.0340%4h$851K$748K75xas long as short
gTrade (Gains Network) VIRTUAL/USD−0.209%L +0.0007% / S −0.0004%1h$12K—150xas long as short
Lighter VIRTUAL−0.188%+0.0096%1h$350K$284K5xas long as short
SoDEX VIRTUAL-USD−0.180%−0.0153%1h$220$8K5xas long as short
Backpack VIRTUAL_USDC_PERP−0.177%+0.0100%1h$229K$169K10xas long as short
KuCoin VIRTUALUSDTM−0.163%+0.0100%4h$3.0M$4.2M50xas long as short
Aster VIRTUALUSDT−0.141%+0.0100%4h$183K$75K20xas long as short
Bitget VIRTUALUSDT−0.120%+0.0100%4h$6.0M$5.6M25xas long as short
Hyperliquid VIRTUAL−0.112%+0.0100%1h$9.3M$3.1M5xas long as short
01 Exchange VIRTUALUSDshort−0.092%−0.0264%1h$2K$53910x
Aevo VIRTUAL-PERP−0.088%+0.0104%1h$18K$5053xas long as short
Reya VIRTUALRUSDPERP−0.079%−0.0139%1h$24—10xas long as short
Deribit VIRTUAL_USDC-PERPETUAL−0.064%−0.0316%1h$25K$30K10xas long as short
Polymarket Perps VIRTUAL-USD−0.055%−0.0499%1h$30K$779K5xas long as short
Orderly PERP_VIRTUAL_USDC−0.050%+0.0072%4h$14K$1.5M10xas long as short
Phoenix VIRTUAL−0.018%−0.0181%1h$11K$43K5xas long as short
Kraken Futures PF_VIRTUALUSDlong0.000%−0.0411%1h$447K$527K50x
GMX VIRTUAL/USD [WBTC.b-USDC]+0.010%L +0.0297% / S −0.0228%1h$30K—100xas long as short
SunX VIRTUAL-USDT+0.078%+0.0100%4h$2K$1.2M20xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.078%+0.0400%1h$193K$149K50xas long as short
Pacifica VIRTUAL+0.079%+0.0100%1h$71K$37K5xas long as short