After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.100%7d average+0.020%fees + slippage, in and out−$64spread needed0.635%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VIRTUALUSDTM | 0.7017 | 0.0100 | pay 0.0050% / 4h | 2h 36m | $3.0M | $4.2M | 50x |
| Short | Backpack VIRTUAL_USDC_PERP | 0.7024 | 0.0100 | get 0.0013% / 1h | 36m 25s | $231K | $172K | 10x |
KuCoin VIRTUALUSDTM
Backpack VIRTUAL_USDC_PERPPrice 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
- $9.98
- Funding while held
- $0
- Slippage, 4 orders
- −$41.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$53.55
- Spread needed to break even
- 0.635%
Slippage from KuCoin: live order book, 8 min ago; Backpack: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 KuCoin live order book, 8 min ago | 1.42 bp | 28.6 bp −$29 | 66.6 bp −$666 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 2.13 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.6999+3.779%Lighter0.7011+3.959%Extended0.7014+4.003%Gate0.7014+4.004%Phoenix0.7015+4.011%Reya0.7015+4.021%Bybit0.7016+4.033%01 Exchange0.7016+4.033%Bitget0.7016+4.033%BingX0.7016+4.033%Binance0.7017+4.048%MEXC0.7017+4.048%
Injective
Variational Omni
Lighter
Extended
Gate
Phoenix
Reya
Bybit
Bitget
BingX
Binance
MEXCKuCoin0.7017+4.048%
Pacifica0.7017+4.055%SoDEX0.7018+4.063%Polymarket Perps0.7019+4.078%edgeX0.7019+4.081%Aster0.7019+4.083%OKX0.7020+4.093%ApeX Omni0.7021+4.107%GMX0.7021+4.110%gTrade (Gains Network)0.7021+4.114%Hyperliquid0.7023+4.138%
Pacifica
SoDEX
Polymarket Perps
Aster
OKX
ApeX Omni
GMX
gTrade (Gains Network)
HyperliquidBackpack0.7024+4.152%
Aevo0.7025+4.173%Deribit0.7026+4.181%Orderly0.7027+4.196%BloFin0.7027+4.196%SunX0.7028+4.211%Kraken Futures0.7035+4.316%Coinbase International0.7113+5.472%
Aevo
Deribit
Orderly
BloFin
SunX
Kraken Futures
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 | −3.891% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.258% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Lighter VIRTUAL | −0.086% | −0.0184% | 1h | $318K | $389K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.044% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| Gate VIRTUAL_USDT | −0.043% | +0.0084% | 4h | $1.4M | $3.0M | 75x | as long as short |
| Phoenix VIRTUAL | −0.036% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.026% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.014% | −0.0289% | 4h | $15.4M | $15.5M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.014% | −0.0208% | 1h | $2K | $131 | 10x | as long as short |
| Bitget VIRTUALUSDT | −0.014% | +0.0100% | 4h | $6.0M | $5.3M | 25x | as long as short |