After costs, if the gap returns to its 7d average, $10k−$67
spread now+0.085%7d average+0.039%fees + slippage, in and out−$71spread needed0.714%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VIRTUALUSDTM | 0.7037 | 0.0100 | pay 0.0050% / 4h | 17m 05s | $3.0M | $4.3M | 50x |
| Short | Hyperliquid VIRTUAL | 0.7043 | 0.0100 | get 0.0013% / 1h | 17m 05s | $8.9M | $3.6M | 5x |
KuCoin VIRTUALUSDTM
Hyperliquid 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
- $8.53
- Funding while held
- $0
- Slippage, 4 orders
- −$50.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$62.84
- Spread needed to break even
- 0.714%
Slippage from KuCoin: live order book, 7 min ago; Hyperliquid: live order book, 7 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, 7 min ago | 1.43 bp | 25.7 bp −$26 | 59.6 bp −$596 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.35 bp | 16.9 bp −$17 | 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 Omni0.7001+3.809%edgeX0.7011+3.959%Phoenix0.7025+4.168%Extended0.7030+4.243%SoDEX0.7030+4.248%OKX0.7032+4.270%BloFin0.7032+4.270%Aevo0.7033+4.283%Bybit0.7033+4.285%Orderly0.7033+4.285%Deribit0.7033+4.285%Reya0.7033+4.292%Lighter0.7034+4.297%MEXC0.7034+4.300%Binance0.7035+4.315%SunX0.7035+4.315%01 Exchange0.7036+4.330%BingX0.7036+4.330%GMX0.7037+4.339%
Injective
Variational Omni
Phoenix
Extended
SoDEX
OKX
BloFin
Aevo
Bybit
Orderly
Deribit
Reya
Lighter
MEXC
Binance
SunX
BingX
GMXKuCoin0.7037+4.345%
gTrade (Gains Network)0.7038+4.353%Pacifica0.7038+4.361%Aster0.7039+4.367%Gate0.7039+4.374%Bitget0.7039+4.374%Polymarket Perps0.7040+4.397%Backpack0.7041+4.404%ApeX Omni0.7042+4.419%
gTrade (Gains Network)
Pacifica
Aster
Gate
Bitget
Polymarket Perps
Backpack
ApeX OmniHyperliquid0.7043+4.434%
Kraken Futures0.7047+4.486%Coinbase International0.7055+4.612%
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 | −4.164% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.513% | −0.0031% | 4h | $591K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.370% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| Phoenix VIRTUAL | −0.169% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.098% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.092% | +0.0100% | 1h | $204 | $8K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.071% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.071% | +0.0340% | 4h | $839K | $778K | 75x | as long as short |
| Aevo VIRTUAL-PERP | −0.059% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Bybit VIRTUALUSDT | −0.057% | +0.0100% | 4h | $15.6M | $16.0M | 50x | as long as short |