Spread before costs (cost unknown: a leg has no order-book sample)+0.029%
7d average+0.011%if it closes, per $10,000$3funding while held, a day+$1.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7017 | 0.0063 | pay 0.0031% / 4h | 1h 14m | $14K | $1.5M | 10x |
| Short | BingX VIRTUAL-USDT | 0.7019 | 0.0100 | get 0.0050% / 4h | 1h 14m | — | $8.2M | — |
Orderly PERP_VIRTUAL_USDC
BingX VIRTUAL-USDTPrice 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
- $2.85
- Funding while held
- $1.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$12.04
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0037%
- Per $10,000 a day
- +$1.11
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 15 min ago | 0.71 bp | 8.5 bp −$9 | 13.2 bp −$132 | 21.4 bp −$2,136 | 73.6 bp −$36.8K |
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.Phoenix0.6988cheapestInjective0.6992+0.059%Bybit0.7012+0.345%OKX0.7012+0.345%Lighter0.7012+0.346%edgeX0.7012+0.346%Reya0.7014+0.370%ApeX Omni0.7014+0.374%Extended0.7015+0.392%Binance0.7015+0.395%SoDEX0.7016+0.399%MEXC0.7017+0.416%
Phoenix
Injective
Bybit
OKX
Lighter
Reya
ApeX Omni
Extended
Binance
SoDEX
MEXCOrderly0.7017+0.416%
Aevo0.7017+0.421%Deribit0.7018+0.431%01 Exchange0.7019+0.445%
Aevo
DeribitBingX0.7019+0.445%
Gate0.7020+0.459%BloFin0.7020+0.459%GMX0.7020+0.462%KuCoin0.7021+0.474%Polymarket Perps0.7022+0.484%Variational Omni0.7022+0.484%Aster0.7022+0.487%Bitget0.7022+0.488%Pacifica0.7023+0.500%gTrade (Gains Network)0.7023+0.501%SunX0.7023+0.502%Backpack0.7024+0.517%Hyperliquid0.7026+0.538%Kraken Futures0.7026+0.544%Coinbase International0.7033+0.645%
Gate
BloFin
GMX
KuCoin
Polymarket Perps
Variational Omni
Aster
Bitget
Pacifica
gTrade (Gains Network)
SunX
Backpack
Hyperliquid
Kraken Futures
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VIRTUAL | −0.415% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Injective VIRTUAL/USDC PERP | −0.356% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.071% | −0.0081% | 4h | $15.2M | $15.4M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.071% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| Lighter VIRTUAL | −0.070% | −0.0176% | 1h | $319K | $389K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.070% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.046% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.043% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Extended VIRTUAL-USD | −0.024% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| Binance VIRTUALUSDT | −0.021% | +0.0100% | 4h | $15.9M | $35.7M | 75x | as long as short |