Spread before costs (cost unknown: a leg has no order-book sample)+0.119%
7d average—if it closes, per $10,000$12funding while held, a day+$1.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7095 | 0.0064 | pay 0.0032% / 4h | 3h 34m | $14K | $1.5M | 10x |
| Short | Pacifica VIRTUAL | 0.7103 | 0.0100 | get 0.0013% / 1h | 34m 00s | $73K | $41K | 5x |
Orderly PERP_VIRTUAL_USDC
Pacifica VIRTUALPrice 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
- $11.9
- Funding while held
- $1.08
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$1.02
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0036%
- Per $10,000 a day
- +$1.08
- 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 Pacifica no order-book sample | — | — | — | — | — |
Orderly and Pacifica: 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.Injective0.6744cheapestReya0.7087+5.081%01 Exchange0.7092+5.160%Aevo0.7092+5.163%Lighter0.7093+5.172%SoDEX0.7094+5.182%Extended0.7094+5.195%
Injective
Reya
Aevo
Lighter
SoDEX
ExtendedOrderly0.7095+5.205%
Deribit0.7095+5.205%SunX0.7096+5.219%GMX0.7097+5.230%Bybit0.7097+5.234%Gate0.7097+5.234%gTrade (Gains Network)0.7098+5.244%Binance0.7098+5.249%OKX0.7098+5.249%BloFin0.7098+5.249%KuCoin0.7099+5.264%Polymarket Perps0.7099+5.265%Aster0.7099+5.267%BingX0.7100+5.279%Bitget0.7101+5.294%MEXC0.7103+5.323%Backpack0.7103+5.323%
Deribit
SunX
GMX
Bybit
Gate
gTrade (Gains Network)
Binance
OKX
BloFin
KuCoin
Polymarket Perps
Aster
BingX
Bitget
MEXC
BackpackPacifica0.7103+5.330%
Kraken Futures0.7105+5.351%Variational Omni0.7110+5.430%Hyperliquid0.7111+5.446%edgeX0.7119+5.567%ApeX Omni0.7121+5.590%Phoenix0.7124+5.638%Coinbase International0.7131+5.738%
Kraken Futures
Variational Omni
Hyperliquid
ApeX Omni
Phoenix
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 | −4.947% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.117% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.042% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.040% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Lighter VIRTUAL | −0.031% | −0.0016% | 1h | $322K | $411K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.021% | −0.0038% | 1h | $212 | $8K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.009% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDClong | 0.000% | +0.0064% | 4h | $14K | $1.5M | 10x | |
| Deribit VIRTUAL_USDC-PERPETUAL | 0.000% | −0.0595% | 1h | $15K | $40K | 10x | as long as short |
| SunX VIRTUAL-USDT | +0.014% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |