Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average−0.027%if it closes, per $10,000$6funding while held, a day+$1.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7027 | 0.0056 | pay 0.0028% / 4h | 2h 36m | $14K | $1.5M | 10x |
| Short | Extended VIRTUAL-USD | 0.7023 | 0.0104 | get 0.0013% / 1h | 36m 59s | $55K | $245K | 10x |
Orderly PERP_VIRTUAL_USDC
Extended VIRTUAL-USDPrice 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
- −$5.82
- Funding while held
- $1.44
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$15.38
- Spread needed to break even
- 0.110%
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 48 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0048%
- Per $10,000 a day
- +$1.44
- 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 Extended live order book, 48 min ago | 2.55 bp | 14.5 bp −$15 | 148.3 bp −$1,483 | 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.Injective0.6744cheapestVariational Omni0.6999+3.779%Bybit0.7014+4.004%Phoenix0.7015+4.011%OKX0.7016+4.033%Binance0.7017+4.048%SoDEX0.7018+4.063%edgeX0.7019+4.081%ApeX Omni0.7021+4.107%Lighter0.7022+4.121%BingX0.7022+4.122%
Injective
Variational Omni
Bybit
Phoenix
OKX
Binance
SoDEX
ApeX Omni
Lighter
BingXExtended0.7023+4.136%
MEXC0.7023+4.137%Backpack0.7024+4.152%Bitget0.7025+4.167%Aevo0.7025+4.173%Deribit0.7026+4.181%Reya0.7027+4.195%
MEXC
Backpack
Bitget
Aevo
Deribit
ReyaOrderly0.7027+4.196%
BloFin0.7027+4.196%SunX0.7028+4.211%GMX0.7029+4.224%Gate0.7029+4.226%KuCoin0.7030+4.241%gTrade (Gains Network)0.7031+4.255%Aster0.7031+4.256%01 Exchange0.7031+4.256%Hyperliquid0.7032+4.265%Polymarket Perps0.7033+4.290%Pacifica0.7034+4.304%Kraken Futures0.7035+4.316%Coinbase International0.7113+5.472%
BloFin
SunX
GMX
Gate
KuCoin
gTrade (Gains Network)
Aster
Hyperliquid
Polymarket Perps
Pacifica
Kraken Futures
Coinbase InternationalVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.027% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.400% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Bybit VIRTUALUSDT | −0.185% | −0.0289% | 4h | $15.4M | $15.5M | 50x | as long as short |
| Phoenix VIRTUAL | −0.178% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.157% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Binance VIRTUALUSDT | −0.142% | +0.0100% | 4h | $16.0M | $36.1M | 75x | as long as short |
| SoDEX VIRTUAL-USD | −0.128% | −0.0090% | 1h | $1K | $9K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.110% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.085% | −0.0016% | 1h | $40K | $241K | 50x | as long as short |
| Lighter VIRTUAL | −0.073% | −0.0160% | 1h | $319K | $389K | 5x | as long as short |