After costs, if the gap returns to its 7d average, $10k−$46
spread now−0.042%7d average−0.029%fees + slippage, in and out−$45spread needed0.450%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VIRTUAL-USDT-SWAP | 0.7090 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $2.8M | $10.2M | 20x |
| Short | Bybit VIRTUALUSDT | 0.7087 | 0.0100 | get 0.0050% / 4h | 1h 57m | $15.6M | $15.2M | 50x |
OKX VIRTUAL-USDT-SWAP
Bybit VIRTUALUSDTPrice 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
- −$4.23
- Funding while held
- $0
- Slippage, 4 orders
- −$24.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.25
- Spread needed to break even
- 0.450%
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 OKX live order book, 2 min ago | 0.71 bp | 13.1 bp −$13 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.71 bp | 9.9 bp −$10 | 23.3 bp −$233 | 148.9 bp −$14.9K | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestPhoenix0.7076+4.923%01 Exchange0.7085+5.056%
Injective
PhoenixBybit0.7087+5.086%
Extended0.7089+5.115%
ExtendedOKX0.7090+5.130%
BingX0.7090+5.130%BloFin0.7091+5.145%Reya0.7091+5.147%Binance0.7092+5.164%Aevo0.7093+5.177%Polymarket Perps0.7093+5.178%Pacifica0.7094+5.190%MEXC0.7094+5.190%Orderly0.7094+5.190%Aster0.7094+5.195%KuCoin0.7095+5.205%SunX0.7095+5.205%SoDEX0.7095+5.205%Lighter0.7096+5.215%Gate0.7096+5.219%Deribit0.7096+5.219%Coinbase International0.7096+5.219%Variational Omni0.7097+5.235%edgeX0.7097+5.237%Backpack0.7098+5.249%Bitget0.7099+5.264%ApeX Omni0.7099+5.264%GMX0.7102+5.304%Hyperliquid0.7102+5.307%gTrade (Gains Network)0.7102+5.312%Kraken Futures0.7104+5.343%
BingX
BloFin
Reya
Binance
Aevo
Polymarket Perps
Pacifica
MEXC
Orderly
Aster
KuCoin
SunX
SoDEX
Lighter
Gate
Deribit
Coinbase International
Variational Omni
Backpack
Bitget
ApeX Omni
GMX
Hyperliquid
gTrade (Gains Network)
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.880% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.197% | −0.0101% | 1h | $11K | $42K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.071% | −0.0256% | 1h | $2K | $539 | 10x | as long as short |
| Bybit VIRTUALUSDTshort | −0.042% | +0.0100% | 4h | $15.6M | $15.2M | 50x | |
| Extended VIRTUAL-USD | −0.014% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $2.8M | $10.2M | 20x | |
| BingX VIRTUAL-USDT | 0.000% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| BloFin VIRTUAL-USDT | +0.014% | +0.0340% | 4h | $843K | $719K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | +0.016% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Binance VIRTUALUSDT | +0.032% | +0.0100% | 4h | $16.6M | $35.0M | 75x | as long as short |