Spread before costs (cost unknown: a leg has no order-book sample)+0.042%
7d average−0.028%if it closes, per $10,000$4funding while held, a day−$1.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VIRTUAL-USDT-SWAP | 0.7080 | 0.0100 | pay 0.0050% / 4h | 11m 00s | $2.8M | $10.4M | 20x |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7083 | 0.0065 | get 0.0032% / 4h | 11m 00s | $14K | $1.5M | 10x |
OKX VIRTUAL-USDT-SWAP
Orderly PERP_VIRTUAL_USDCPrice 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
- −$1.05
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.82
- Spread needed to break even
- 0.160%
Slippage unknown: OKX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.05
- 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 | 0.71 bp | 14.0 bp −$14 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective0.6744cheapestVariational Omni0.7035+4.313%ApeX Omni0.7047+4.493%Phoenix0.7057+4.641%edgeX0.7064+4.745%Lighter0.7079+4.961%Pacifica0.7079+4.966%
Injective
Variational Omni
ApeX Omni
Phoenix
Lighter
PacificaOKX0.7080+4.982%
01 Exchange0.7080+4.982%Extended0.7081+4.990%SoDEX0.7081+4.994%Bybit0.7081+4.997%MEXC0.7081+4.997%BloFin0.7081+4.997%Aevo0.7082+5.008%Binance0.7082+5.014%Reya0.7083+5.022%KuCoin0.7083+5.027%
Extended
SoDEX
Bybit
MEXC
BloFin
Aevo
Binance
Reya
KuCoinOrderly0.7083+5.027%
Aster0.7083+5.033%Gate0.7084+5.042%BingX0.7084+5.042%Deribit0.7084+5.042%Bitget0.7085+5.056%GMX0.7086+5.065%gTrade (Gains Network)0.7086+5.068%SunX0.7086+5.071%Backpack0.7087+5.086%Coinbase International0.7088+5.101%Hyperliquid0.7089+5.113%Polymarket Perps0.7089+5.123%Kraken Futures0.7097+5.233%
Aster
Gate
BingX
Deribit
Bitget
GMX
gTrade (Gains Network)
SunX
Backpack
Coinbase International
Hyperliquid
Polymarket Perps
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 | −4.746% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.637% | −0.0022% | 4h | $592K | $801K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.466% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.325% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.226% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Lighter VIRTUAL | −0.020% | +0.0096% | 1h | $324K | $367K | 5x | as long as short |
| Pacifica VIRTUAL | −0.015% | +0.0100% | 1h | $73K | $42K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $2.8M | $10.4M | 20x | |
| 01 Exchange VIRTUALUSD | 0.000% | −0.0160% | 1h | $2K | $539 | 10x | as long as short |
| Extended VIRTUAL-USD | +0.007% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |