Spread before costs (cost unknown: a leg has no order-book sample)+0.014%
7d average—if it closes, per $10,000$1funding while held, a day−$1.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7067 | 0.0065 | pay 0.0032% / 4h | 13m 31s | $14K | $1.5M | 10x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7068 | 0 | get 0.0000% / 1h | 13m 31s | $25K | $30K | 10x |
Orderly PERP_VIRTUAL_USDC
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
- $1.42
- Funding while held
- −$1.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$13.53
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0065%
- Per $10,000 a day
- −$1.94
- 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 Deribit no order-book sample | — | — | — | — | — |
Orderly and 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.Injective0.6744cheapestVariational Omni0.7035+4.313%edgeX0.7045+4.469%ApeX Omni0.7047+4.493%BloFin0.7052+4.567%Phoenix0.7057+4.641%OKX0.7061+4.700%Reya0.7064+4.743%Binance0.7064+4.752%Bybit0.7065+4.760%Extended0.7065+4.763%Lighter0.7066+4.775%MEXC0.7066+4.775%Aevo0.7066+4.778%SoDEX0.7066+4.779%01 Exchange0.7067+4.789%BingX0.7067+4.789%
Injective
Variational Omni
ApeX Omni
BloFin
Phoenix
OKX
Reya
Binance
Bybit
Extended
Lighter
MEXC
Aevo
SoDEX
BingXOrderly0.7067+4.789%
Gate0.7068+4.804%Bitget0.7068+4.804%Backpack0.7068+4.804%
Gate
Bitget
BackpackDeribit0.7068+4.804%
Pacifica0.7069+4.819%SunX0.7069+4.819%Coinbase International0.7069+4.819%Aster0.7069+4.821%GMX0.7069+4.823%gTrade (Gains Network)0.7070+4.830%KuCoin0.7070+4.834%Polymarket Perps0.7070+4.835%Hyperliquid0.7072+4.859%Kraken Futures0.7079+4.963%
Pacifica
SunX
Coinbase International
Aster
GMX
gTrade (Gains Network)
KuCoin
Polymarket Perps
Hyperliquid
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 | −4.571% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.454% | −0.0022% | 4h | $592K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.306% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.283% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| BloFin VIRTUAL-USDT | −0.212% | +0.0340% | 4h | $838K | $777K | 75x | as long as short |
| Phoenix VIRTUAL | −0.142% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.044% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Binance VIRTUALUSDT | −0.036% | +0.0100% | 4h | $16.3M | $37.3M | 75x | as long as short |
| Bybit VIRTUALUSDT | −0.028% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |