After costs, if the gap returns to its 7d average, $10k+$16
spread now+1.296%7d average+0.248%fees + slippage, in and out−$88spread needed0.883%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VIRTUALUSDTM | 0.7022 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $3.1M | $4.2M | 50x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7113 | 0.0472 | get 0.0059% / 1h | 20m 27s | $193K | $119K | 50x |
KuCoin VIRTUALUSDTM
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $129.59
- Funding while held
- $11.16
- Slippage, 4 orders
- −$66.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $52.44
- Spread needed to break even
- 0.883%
Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 19 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0372%
- Per $10,000 a day
- +$11.16
- 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, 4 min ago | 1.43 bp | 18.1 bp −$18 | 52.2 bp −$522 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 19 min ago | 6.39 bp | 29.3 bp −$29 | 471.2 bp −$4,712 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestPhoenix0.7010+3.941%Lighter0.7014+3.998%Bybit0.7015+4.018%MEXC0.7015+4.018%Variational Omni0.7015+4.020%OKX0.7016+4.033%Reya0.7016+4.034%Extended0.7017+4.044%BingX0.7017+4.048%Binance0.7018+4.063%Gate0.7018+4.063%01 Exchange0.7020+4.093%Pacifica0.7020+4.098%edgeX0.7021+4.104%SoDEX0.7022+4.115%Polymarket Perps0.7022+4.119%
Injective
Phoenix
Lighter
Bybit
MEXC
Variational Omni
OKX
Reya
Extended
BingX
Binance
Gate
Pacifica
SoDEX
Polymarket PerpsKuCoin0.7022+4.122%
Bitget0.7022+4.122%Aster0.7022+4.128%ApeX Omni0.7023+4.137%Orderly0.7023+4.137%Aevo0.7023+4.140%Backpack0.7024+4.152%SunX0.7024+4.152%Deribit0.7024+4.152%Hyperliquid0.7025+4.165%BloFin0.7025+4.167%GMX0.7026+4.181%gTrade (Gains Network)0.7026+4.184%Kraken Futures0.7034+4.295%
Bitget
Aster
ApeX Omni
Orderly
Aevo
Backpack
SunX
Deribit
Hyperliquid
BloFin
GMX
gTrade (Gains Network)
Kraken FuturesCoinbase International0.7113+5.472%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.959% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.174% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Lighter VIRTUAL | −0.120% | −0.0104% | 1h | $319K | $389K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.100% | −0.0226% | 4h | $15.4M | $15.4M | 50x | as long as short |
| MEXC VIRTUAL_USDT | −0.100% | +0.0100% | 4h | $16.0M | $4.0M | 100x | as long as short |
| Variational Omni VIRTUAL | −0.098% | −0.0118% | 4h | $563K | $811K | — | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.085% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Extended VIRTUAL-USD | −0.075% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.071% | +0.0100% | 4h | — | $8.2M | — | as long as short |