After costs, if the gap returns to its 7d average, $10k−$13
spread now+0.229%7d average+0.077%fees + slippage, in and out−$28spread needed0.282%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC VIRTUAL_USDT | 0.7081 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $16.6M | $3.4M | 100x |
| Short | Hyperliquid VIRTUAL | 0.7097 | 0.0548 | get 0.0069% / 1h | 33m 22s | $9.7M | $2.9M | 5x |
MEXC VIRTUAL_USDT
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
- $22.88
- Funding while held
- $13.44
- Slippage, 4 orders
- −$19.17
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $8.15
- Spread needed to break even
- 0.282%
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0448%
- Per $10,000 a day
- +$13.44
- 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, 2 min ago | 0.71 bp | 3.6 bp −$4 | 7.0 bp −$70 | 57.2 bp −$5,719 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.21 bp | 9.8 bp −$10 | 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 Omni0.7076+4.926%SunX0.7078+4.953%Extended0.7079+4.962%Polymarket Perps0.7080+4.982%
Injective
Variational Omni
SunX
Extended
Polymarket PerpsMEXC0.7081+4.997%
gTrade (Gains Network)0.7081+4.997%Reya0.7081+5.003%Phoenix0.7081+5.004%OKX0.7082+5.012%SoDEX0.7082+5.012%Deribit0.7082+5.012%Lighter0.7082+5.013%BingX0.7083+5.027%Pacifica0.7083+5.030%edgeX0.7084+5.035%Aster0.7084+5.036%Bybit0.7084+5.042%KuCoin0.7084+5.042%Backpack0.7084+5.042%ApeX Omni0.7084+5.042%Aevo0.7084+5.045%GMX0.7085+5.053%Binance0.7085+5.056%Orderly0.7085+5.056%BloFin0.7085+5.056%01 Exchange0.7086+5.071%Gate0.7086+5.071%Bitget0.7086+5.071%Kraken Futures0.7089+5.118%
gTrade (Gains Network)
Reya
Phoenix
OKX
SoDEX
Deribit
Lighter
BingX
Pacifica
Aster
Bybit
KuCoin
Backpack
ApeX Omni
Aevo
GMX
Binance
Orderly
BloFin
Gate
Bitget
Kraken FuturesHyperliquid0.7097+5.237%
Coinbase International0.7103+5.323%
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 | −4.759% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.068% | +0.0081% | 4h | $703K | $562K | — | as long as short |
| SunX VIRTUAL-USDT | −0.042% | +0.0100% | 4h | $1K | $1.1M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.033% | +0.0104% | 1h | $58K | $234K | 10x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.014% | −0.0036% | 1h | $34K | $672K | 5x | as long as short |
| MEXC VIRTUAL_USDTlong | 0.000% | +0.0100% | 4h | $16.6M | $3.4M | 100x | |
| gTrade (Gains Network) VIRTUAL/USD | 0.000% | L +0.0007% / S −0.0003% | 1h | $14K | — | 150x | as long as short |
| Reya VIRTUALRUSDPERP | +0.006% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Phoenix VIRTUAL | +0.007% | −0.0091% | 1h | $11K | $45K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.014% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |