data as of
Settings8H · net · $10k
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Price arb /

VIRTUAL

all VIRTUAL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.057%
7d average+0.013%if it closes, per $10,000$6funding while held, a day+$8.43
Long on OrderlyShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_VIRTUAL_USDC0.70650.0059pay 0.0029% / 4h3h 22m$14K$1.5M10x
ShortBloFin VIRTUAL-USDT0.70690.0340get 0.0170% / 4h3h 22m$829K$781K75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$5.66
Funding while held
$8.43
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$3.91
Spread needed to break even
0.180%
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 21 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0281%
Per $10,000 a day
+$8.43
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell BloFin live order book, 21 min ago4.21 bp13.9 bp −$1428.5 bp −$28565.8 bp −$6,576doesn't fit
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.
Injective0.6744cheapest01 Exchange0.7058+4.656%Bybit0.7059+4.671%Reya0.7060+4.690%Lighter0.7061+4.706%Binance0.7063+4.730%Gate0.7064+4.745%MEXC0.7064+4.745%SoDEX0.7065+4.752%BingX0.7065+4.760%
Orderly0.7065+4.760%
OKX0.7066+4.775%KuCoin0.7066+4.775%Deribit0.7066+4.775%Aevo0.7066+4.775%Polymarket Perps0.7066+4.778%Aster0.7067+4.796%Extended0.7068+4.798%SunX0.7068+4.804%GMX0.7068+4.810%Bitget0.7069+4.819%Backpack0.7069+4.819%
BloFin0.7069+4.819%
gTrade (Gains Network)0.7071+4.845%Hyperliquid0.7072+4.865%Pacifica0.7073+4.878%Phoenix0.7074+4.899%Kraken Futures0.7078+4.955%Coinbase International0.7081+4.997%Variational Omni0.7090+5.125%edgeX0.7091+5.141%ApeX Omni0.7093+5.175%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−4.544%+0.0033%1h$43$28K5.5xas long as short
01 Exchange VIRTUALUSD−0.099%−0.0208%1h$2K$13110xas long as short
Bybit VIRTUALUSDT−0.085%+0.0015%4h$15.6M$15.9M50xas long as short
Reya VIRTUALRUSDPERP−0.066%−0.0139%1h$24—10xas long as short
Lighter VIRTUAL−0.051%−0.0104%1h$321K$412K5xas long as short
Binance VIRTUALUSDT−0.028%+0.0100%4h$16.4M$36.9M75xas long as short
Gate VIRTUAL_USDT−0.014%+0.0100%4h$1.4M$3.1M75xas long as short
MEXC VIRTUAL_USDT−0.014%+0.0100%4h$16.0M$4.1M100xas long as short
SoDEX VIRTUAL-USD−0.007%−0.0166%1h$407$8K5xas long as short
BingX VIRTUAL-USDT0.000%+0.0100%4h—$8.1M—as long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_VIRTUAL_USDClong0.000%+0.0059%4h$14K$1.5M10x
OKX VIRTUAL-USDT-SWAP+0.014%+0.0100%4h$2.7M$10.2M20xas long as short
KuCoin VIRTUALUSDTM+0.014%+0.0100%4h$3.0M$4.3M50xas long as short
Deribit VIRTUAL_USDC-PERPETUAL+0.014%−0.0598%1h$15K$40K10xas long as short
Aevo VIRTUAL-PERP+0.015%+0.0104%1h$18K$5053xas long as short
Polymarket Perps VIRTUAL-USD+0.017%+0.0100%1h$37K$803K5xas long as short
Aster VIRTUALUSDT+0.035%+0.0100%4h$183K$67K20xas long as short
Extended VIRTUAL-USD+0.037%+0.0104%1h$55K$244K10xas long as short
SunX VIRTUAL-USDT+0.042%+0.0100%4h$2K$1.3M20xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]+0.048%L +0.0297% / S −0.0228%1h$30K—100xas long as short
Bitget VIRTUALUSDT+0.057%+0.0100%4h$6.1M$5.6M25xas long as short
Backpack VIRTUAL_USDC_PERP+0.057%+0.0100%1h$232K$178K10xas long as short
BloFin VIRTUAL-USDTshort+0.057%+0.0340%4h$829K$781K75x
gTrade (Gains Network) VIRTUAL/USD+0.082%L +0.0007% / S −0.0004%1h$12K—150xas long as short
Hyperliquid VIRTUAL+0.100%+0.0100%1h$8.7M$3.6M5xas long as short
Pacifica VIRTUAL+0.113%+0.0100%1h$73K$41K5xas long as short
Phoenix VIRTUAL+0.133%−0.0090%1h$11K$46K5xas long as short
Kraken Futures PF_VIRTUALUSD+0.187%+0.0772%1h$516K$633K50xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.226%+0.0464%1h$193K$118K50xas long as short
Variational Omni VIRTUAL+0.348%+0.0029%4h$580K$823K—as long as short
edgeX VIRTUALUSDC+0.364%+0.0100%4h$18K$255K10xas long as short
ApeX Omni VIRTUALUSDT+0.396%+0.0100%1h$40K$241K50xas long as short