Spread before costs (cost unknown: a leg has no order-book sample)+0.067%
7d average—if it closes, per $10,000$7funding while held, a day−$1.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7084 | 0.0065 | pay 0.0033% / 4h | 5m 32s | $14K | $1.5M | 10x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7089 | L +0.0007% / S −0.0004% | get 0.0001% / 1h | 5m 32s | $12K | — | 150x |
Orderly PERP_VIRTUAL_USDC
gTrade (Gains Network) 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
- $6.75
- Funding while held
- −$1.83
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$11.09
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0061%
- Per $10,000 a day
- −$1.83
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Orderly and gTrade (Gains Network): 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.Injective0.6744cheapestBloFin0.7073+4.878%edgeX0.7075+4.910%Phoenix0.7079+4.961%ApeX Omni0.7079+4.967%Variational Omni0.7081+4.992%Bybit0.7081+4.997%01 Exchange0.7081+4.997%SoDEX0.7081+5.004%Extended0.7082+5.010%OKX0.7082+5.012%Lighter0.7083+5.019%Binance0.7083+5.027%BingX0.7084+5.042%
Injective
BloFin
Phoenix
ApeX Omni
Variational Omni
Bybit
SoDEX
Extended
OKX
Lighter
Binance
BingXOrderly0.7084+5.042%
Aevo0.7084+5.042%MEXC0.7085+5.056%Reya0.7086+5.070%Gate0.7086+5.071%Aster0.7086+5.076%Pacifica0.7087+5.085%Backpack0.7087+5.086%SunX0.7087+5.086%Deribit0.7087+5.086%KuCoin0.7088+5.101%GMX0.7088+5.102%
Aevo
MEXC
Reya
Gate
Aster
Pacifica
Backpack
SunX
Deribit
KuCoin
GMXgTrade (Gains Network)0.7089+5.112%
Bitget0.7089+5.116%Polymarket Perps0.7092+5.154%Hyperliquid0.7094+5.194%Kraken Futures0.7098+5.256%Coinbase International0.7099+5.264%
Bitget
Polymarket Perps
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 | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.800% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| BloFin VIRTUAL-USDT | −0.155% | +0.0340% | 4h | $837K | $777K | 75x | as long as short |
| edgeX VIRTUALUSDC | −0.125% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| Phoenix VIRTUAL | −0.076% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.071% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Variational Omni VIRTUAL | −0.047% | −0.0001% | 4h | $595K | $801K | — | as long as short |
| Bybit VIRTUALUSDT | −0.042% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.042% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.035% | +0.0100% | 1h | $206 | $8K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.030% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |