After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.057%7d average+0.044%fees + slippage, in and out−$25spread needed0.253%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC VIRTUAL_USDT | 0.7006 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $16.0M | $4.0M | 100x |
| Short | Backpack VIRTUAL_USDC_PERP | 0.7010 | 0.0100 | get 0.0013% / 1h | 41m 00s | $230K | $174K | 10x |
MEXC VIRTUAL_USDT
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
- $5.71
- Funding while held
- $0
- Slippage, 4 orders
- −$15.31
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$19.6
- Spread needed to break even
- 0.253%
Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 64 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 MEXC live order book, 4 min ago | 1.42 bp | 4.0 bp −$4 | 10.7 bp −$107 | 74.2 bp −$7,418 | 247.3 bp −$123.6K |
| Sell Backpack live order book, 64 min ago | 2.11 bp | 9.3 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.Injective0.6744cheapestLighter0.7002+3.820%BingX0.7002+3.826%Binance0.7004+3.855%Gate0.7004+3.855%SoDEX0.7005+3.863%Aevo0.7005+3.870%Bybit0.7005+3.870%Extended0.7005+3.877%
Injective
Lighter
BingX
Binance
Gate
SoDEX
Aevo
Bybit
ExtendedMEXC0.7006+3.885%
Bitget0.7006+3.885%BloFin0.7006+3.885%Reya0.7006+3.891%KuCoin0.7007+3.900%Orderly0.7008+3.915%Deribit0.7008+3.915%OKX0.7009+3.929%01 Exchange0.7009+3.929%
Bitget
BloFin
Reya
KuCoin
Orderly
Deribit
OKXBackpack0.7010+3.944%
GMX0.7010+3.945%Pacifica0.7010+3.946%SunX0.7011+3.959%gTrade (Gains Network)0.7011+3.960%Polymarket Perps0.7011+3.961%Aster0.7012+3.968%Hyperliquid0.7013+3.986%Kraken Futures0.7019+4.083%Phoenix0.7032+4.272%ApeX Omni0.7047+4.493%edgeX0.7048+4.511%Variational Omni0.7067+4.793%Coinbase International0.7113+5.472%
GMX
Pacifica
SunX
gTrade (Gains Network)
Polymarket Perps
Aster
Hyperliquid
Kraken Futures
Phoenix
ApeX Omni
Variational Omni
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 | −3.740% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.063% | −0.0224% | 1h | $318K | $389K | 5x | as long as short |
| BingX VIRTUAL-USDT | −0.057% | +0.0100% | 4h | — | $8.1M | — | as long as short |
| Binance VIRTUALUSDT | −0.029% | +0.0100% | 4h | $16.0M | $36.2M | 75x | as long as short |
| Gate VIRTUAL_USDT | −0.029% | +0.0086% | 4h | $1.4M | $3.0M | 75x | as long as short |
| SoDEX VIRTUAL-USD | −0.021% | −0.0121% | 1h | $1K | $9K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.015% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| Bybit VIRTUALUSDT | −0.014% | −0.0303% | 4h | $15.3M | $15.5M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.008% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| MEXC VIRTUAL_USDTlong | 0.000% | +0.0100% | 4h | $16.0M | $4.0M | 100x |