Spread before costs (cost unknown: a leg has no order-book sample)−0.084%
7d average—if it closes, per $10,000$8funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VIRTUALUSDTM | 0.7142 | 0.0100 | pay 0.0050% / 4h | 50m 40s | $3.0M | $4.2M | 50x |
| Short | SoDEX VIRTUAL-USD | 0.7136 | 0.0100 | get 0.0013% / 1h | 50m 40s | $209 | $8K | 5x |
KuCoin VIRTUALUSDTM
SoDEX 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
- −$8.4
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$28.4
- Spread needed to break even
- 0.200%
Slippage unknown: KuCoin: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.
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, 3 min ago | 1.41 bp | 24.7 bp −$25 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.Injective0.6744cheapest
edgeX0.7089+5.110%Phoenix0.7091+5.144%ApeX Omni0.7105+5.353%Variational Omni0.7114+5.481%Coinbase International0.7121+5.590%01 Exchange0.7132+5.753%OKX0.7134+5.783%Aevo0.7135+5.793%Extended0.7135+5.803%Orderly0.7136+5.813%
Injective
Phoenix
ApeX Omni
Variational Omni
Coinbase International
OKX
Aevo
Extended
OrderlySoDEX0.7136+5.813%
Binance0.7137+5.827%Bybit0.7137+5.827%Reya0.7138+5.837%MEXC0.7138+5.842%BingX0.7138+5.842%Deribit0.7138+5.842%Gate0.7139+5.857%Lighter0.7139+5.859%SunX0.7140+5.872%BloFin0.7140+5.872%Polymarket Perps0.7141+5.882%Bitget0.7141+5.887%Pacifica0.7142+5.895%gTrade (Gains Network)0.7142+5.895%
Binance
Bybit
Reya
MEXC
BingX
Deribit
Gate
Lighter
SunX
BloFin
Polymarket Perps
Bitget
Pacifica
gTrade (Gains Network)KuCoin0.7142+5.902%
GMX0.7142+5.905%Backpack0.7145+5.946%Kraken Futures0.7147+5.968%Aster0.7149+6.003%Hyperliquid0.7149+6.010%
GMX
Backpack
Kraken Futures
Aster
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.573% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.748% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Phoenix VIRTUAL | −0.715% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.518% | +0.0254% | 1h | $40K | $242K | 50x | as long as short |
| Variational Omni VIRTUAL | −0.397% | −0.0017% | 4h | $587K | $791K | — | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | −0.294% | +0.0432% | 1h | $195K | $147K | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.140% | −0.0120% | 1h | $2K | $539 | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.112% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Aevo VIRTUAL-PERP | −0.102% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Extended VIRTUAL-USD | −0.093% | +0.0104% | 1h | $56K | $244K | 10x | as long as short |