After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.179%7d average+0.056%fees + slippage, in and out−$45spread needed0.447%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VIRTUAL-USDT-SWAP | 0.7132 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $2.8M | $10.0M | 20x |
| Short | Hyperliquid VIRTUAL | 0.7145 | 0.0300 | get 0.0037% / 1h | 41m 02s | $9.7M | $2.7M | 5x |
OKX VIRTUAL-USDT-SWAP
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
- $17.95
- Funding while held
- $5.99
- Slippage, 4 orders
- −$25.74
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$20.8
- Spread needed to break even
- 0.447%
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0200%
- Per $10,000 a day
- +$5.99
- 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 | 0.70 bp | 13.0 bp −$13 | 36.5 bp −$365 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.28 bp | 10.3 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.Injective0.6744cheapest
Variational Omni0.7112+5.457%edgeX0.7115+5.496%ApeX Omni0.7119+5.560%Phoenix0.7120+5.583%Aevo0.7125+5.651%Polymarket Perps0.7125+5.655%BloFin0.7126+5.664%Reya0.7126+5.664%Extended0.7126+5.669%Orderly0.7127+5.679%SoDEX0.7127+5.687%01 Exchange0.7128+5.694%Lighter0.7129+5.709%BingX0.7129+5.709%MEXC0.7130+5.724%KuCoin0.7130+5.724%Deribit0.7130+5.724%Bybit0.7131+5.738%SunX0.7131+5.738%gTrade (Gains Network)0.7132+5.749%Binance0.7132+5.753%
Injective
Variational Omni
ApeX Omni
Phoenix
Aevo
Polymarket Perps
BloFin
Reya
Extended
Orderly
SoDEX
Lighter
BingX
MEXC
KuCoin
Deribit
Bybit
SunX
gTrade (Gains Network)
BinanceOKX0.7132+5.753%
Bitget0.7132+5.753%Kraken Futures0.7133+5.761%GMX0.7133+5.762%Pacifica0.7133+5.768%Gate0.7133+5.768%Aster0.7133+5.770%Backpack0.7135+5.798%
Bitget
Kraken Futures
GMX
Pacifica
Gate
Aster
BackpackHyperliquid0.7145+5.943%
Coinbase International0.7152+6.050%
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 | −5.440% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.280% | +0.0070% | 4h | $714K | $571K | — | as long as short |
| edgeX VIRTUALUSDC | −0.243% | +0.0100% | 4h | $19K | $250K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.182% | +0.0084% | 1h | $42K | $226K | 50x | as long as short |
| Phoenix VIRTUAL | −0.161% | −0.0101% | 1h | $12K | $42K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.097% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.093% | −0.0425% | 1h | $34K | $708K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.084% | +0.0340% | 4h | $850K | $706K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.084% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Extended VIRTUAL-USD | −0.080% | +0.0104% | 1h | $55K | $240K | 10x | as long as short |