Spread before costs (cost unknown: a leg has no order-book sample)+0.042%
7d average—if it closes, per $10,000$4funding while held, a day−$12.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VIRTUAL-USDT-SWAP | 0.7078 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $2.8M | $10.4M | 20x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7081 | −0.0315 | pay 0.0039% / 1h | 0m 25s | $25K | $30K | 10x |
OKX VIRTUAL-USDT-SWAP
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- $4.24
- Funding while held
- −$12.44
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$25.2
- Spread needed to break even
- 0.170%
Slippage unknown: OKX: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0415%
- Per $10,000 a day
- −$12.44
- 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 OKX live order book, 4 min ago | 1.41 bp | 14.3 bp −$14 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective0.6744cheapestExtended0.7074+4.896%Bybit0.7077+4.938%01 Exchange0.7077+4.938%BingX0.7077+4.938%Orderly0.7077+4.938%
Injective
Extended
Bybit
BingX
OrderlyOKX0.7078+4.953%
Variational Omni0.7078+4.959%Reya0.7078+4.959%Gate0.7079+4.967%MEXC0.7079+4.967%Binance0.7079+4.969%Lighter0.7080+4.978%gTrade (Gains Network)0.7081+4.995%Bitget0.7081+4.997%
Variational Omni
Reya
Gate
MEXC
Binance
Lighter
gTrade (Gains Network)
BitgetDeribit0.7081+4.997%
SoDEX0.7081+5.000%Aevo0.7082+5.012%GMX0.7082+5.013%KuCoin0.7083+5.027%Backpack0.7083+5.027%Aster0.7083+5.030%Pacifica0.7084+5.041%SunX0.7084+5.042%BloFin0.7084+5.042%Polymarket Perps0.7084+5.043%Phoenix0.7092+5.159%Hyperliquid0.7093+5.173%Kraken Futures0.7093+5.182%ApeX Omni0.7105+5.353%edgeX0.7107+5.381%Coinbase International0.7126+5.664%
SoDEX
Aevo
GMX
KuCoin
Backpack
Aster
Pacifica
SunX
BloFin
Polymarket Perps
Phoenix
Hyperliquid
Kraken Futures
ApeX 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 | −4.719% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.054% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.014% | +0.0100% | 4h | $15.6M | $15.7M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.014% | −0.0176% | 1h | $2K | $539 | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.014% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.014% | +0.0068% | 4h | $14K | $1.5M | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $2.8M | $10.4M | 20x | |
| Variational Omni VIRTUAL | +0.006% | −0.0016% | 4h | $586K | $791K | — | as long as short |
| Reya VIRTUALRUSDPERP | +0.006% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Gate VIRTUAL_USDT | +0.014% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |