Spread before costs (cost unknown: a leg has no order-book sample)−0.176%
7d average−0.024%if it closes, per $10,000$18funding while held, a day+$0.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7114 | 0.0069 | pay 0.0034% / 4h | 1h 03m | $14K | $1.5M | 10x |
| Short | edgeX VIRTUALUSDC | 0.7101 | 0.0100 | get 0.0050% / 4h | 1h 03m | $18K | $254K | 10x |
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
- −$17.62
- Funding while held
- $0.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$31.68
- Spread needed to break even
- 0.150%
Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 50 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0031%
- Per $10,000 a day
- +$0.94
- 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 edgeX live order book, 50 min ago | 3.58 bp | 9.2 bp −$9 | 101.8 bp −$1,018 | doesn't fit | doesn'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.Injective0.6744cheapest
OKX0.7108+5.397%Bybit0.7109+5.412%Extended0.7110+5.421%Phoenix0.7111+5.442%Aevo0.7113+5.471%Gate0.7113+5.472%BingX0.7113+5.472%SoDEX0.7114+5.479%Binance0.7114+5.486%MEXC0.7114+5.486%
Injective
OKX
Bybit
Extended
Phoenix
Aevo
Gate
BingX
SoDEX
Binance
MEXCOrderly0.7114+5.486%
Lighter0.7114+5.492%KuCoin0.7115+5.501%Deribit0.7115+5.501%Reya0.7116+5.511%01 Exchange0.7116+5.516%SunX0.7116+5.516%GMX0.7116+5.520%ApeX Omni0.7117+5.531%gTrade (Gains Network)0.7117+5.532%Bitget0.7118+5.546%Backpack0.7118+5.546%Aster0.7119+5.567%Polymarket Perps0.7122+5.606%Pacifica0.7123+5.620%Hyperliquid0.7125+5.655%Kraken Futures0.7126+5.659%Coinbase International0.7126+5.664%BloFin0.7128+5.694%Variational Omni0.7130+5.726%
Lighter
KuCoin
Deribit
Reya
SunX
GMX
ApeX Omni
gTrade (Gains Network)
Bitget
Backpack
Aster
Polymarket Perps
Pacifica
Hyperliquid
Kraken Futures
Coinbase International
BloFin
Variational OmniVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.201% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDCshort | −0.176% | +0.0100% | 4h | $18K | $254K | 10x | |
| OKX VIRTUAL-USDT-SWAP | −0.084% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Bybit VIRTUALUSDT | −0.070% | +0.0100% | 4h | $15.7M | $15.7M | 50x | as long as short |
| Extended VIRTUAL-USD | −0.062% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Phoenix VIRTUAL | −0.042% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.015% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Gate VIRTUAL_USDT | −0.014% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.014% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| SoDEX VIRTUAL-USD | −0.007% | +0.0100% | 1h | $210 | $8K | 5x | as long as short |