Spread before costs (cost unknown: a leg has no order-book sample)−0.081%
7d average—if it closes, per $10,000$8funding while held, a day−$6.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.6994 | 0.0061 | pay 0.0030% / 4h | 1h 30m | $14K | $1.5M | 10x |
| Short | Reya VIRTUALRUSDPERP | 0.6988 | −0.0139 | pay 0.0017% / 1h | 30m 09s | $23 | — | 10x |
Orderly PERP_VIRTUAL_USDC
Reya VIRTUALRUSDPERPPrice 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
- −$8.09
- Funding while held
- −$6.01
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$26.1
- Spread needed to break even
- 0.120%
Slippage unknown: Orderly: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0200%
- Per $10,000 a day
- −$6.01
- 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 Reya no order-book sample | — | — | — | — | — |
Orderly and Reya: 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.Injective0.6744cheapestBybit0.6985+3.574%Lighter0.6986+3.596%SoDEX0.6988+3.614%
Injective
Bybit
Lighter
SoDEXReya0.6988+3.623%
Variational Omni0.6989+3.630%Binance0.6990+3.648%OKX0.6990+3.648%BingX0.6990+3.648%edgeX0.6991+3.664%Extended0.6992+3.671%MEXC0.6992+3.677%KuCoin0.6992+3.677%BloFin0.6992+3.677%Aevo0.6992+3.683%01 Exchange0.6993+3.692%GMX0.6994+3.707%Gate0.6994+3.707%ApeX Omni0.6994+3.707%
Variational Omni
Binance
OKX
BingX
Extended
MEXC
KuCoin
BloFin
Aevo
GMX
Gate
ApeX OmniOrderly0.6994+3.707%
Deribit0.6994+3.707%Polymarket Perps0.6995+3.723%gTrade (Gains Network)0.6996+3.735%Bitget0.6996+3.737%Aster0.6996+3.740%SunX0.6997+3.751%Pacifica0.6997+3.755%Hyperliquid0.6998+3.774%Kraken Futures0.6999+3.777%Backpack0.6999+3.781%Phoenix0.7002+3.830%Coinbase International0.7033+4.285%
Deribit
Polymarket Perps
gTrade (Gains Network)
Bitget
Aster
SunX
Pacifica
Hyperliquid
Kraken Futures
Backpack
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 | −3.574% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.129% | −0.0175% | 4h | $15.2M | $15.5M | 50x | as long as short |
| Lighter VIRTUAL | −0.107% | −0.0280% | 1h | $317K | $389K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.090% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |
| Reya VIRTUALRUSDPERPshort | −0.081% | −0.0139% | 1h | $23 | — | 10x | |
| Variational Omni VIRTUAL | −0.074% | −0.0160% | 4h | $526K | $847K | — | as long as short |
| Binance VIRTUALUSDT | −0.057% | +0.0100% | 4h | $15.8M | $35.8M | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.057% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.057% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| edgeX VIRTUALUSDC | −0.042% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |