Spread before costs (cost unknown: a leg has no order-book sample)−0.099%
7d average—if it closes, per $10,000$10funding while held, a day−$8.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_VIRTUAL_USDC | 0.7065 | 0.0059 | pay 0.0029% / 4h | 3h 22m | $14K | $1.5M | 10x |
| Short | 01 Exchange VIRTUALUSD | 0.7058 | −0.0208 | pay 0.0026% / 1h | 22m 00s | $2K | $131 | 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
- −$9.91
- Funding while held
- −$8.01
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$30.92
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0267%
- Per $10,000 a day
- −$8.01
- 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 01 Exchange no order-book sample | — | — | — | — | — |
Orderly and 01 Exchange: 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.Injective0.6744cheapestBybit0.7060+4.686%Reya0.7060+4.690%KuCoin0.7061+4.700%Lighter0.7061+4.706%Binance0.7062+4.715%Gate0.7063+4.730%BingX0.7063+4.730%MEXC0.7064+4.745%SoDEX0.7065+4.752%
Injective
Bybit
Reya
KuCoin
Lighter
Binance
Gate
BingX
MEXC
SoDEXOrderly0.7065+4.760%
OKX0.7066+4.775%Deribit0.7066+4.775%Aevo0.7066+4.775%Polymarket Perps0.7066+4.778%Extended0.7068+4.798%Bitget0.7068+4.804%SunX0.7068+4.804%GMX0.7068+4.810%Backpack0.7069+4.819%BloFin0.7069+4.819%Aster0.7069+4.824%gTrade (Gains Network)0.7071+4.845%Pacifica0.7073+4.878%Phoenix0.7074+4.899%Hyperliquid0.7075+4.902%Kraken Futures0.7078+4.955%Coinbase International0.7081+4.997%Variational Omni0.7090+5.125%edgeX0.7091+5.141%ApeX Omni0.7093+5.175%
OKX
Deribit
Aevo
Polymarket Perps
Extended
Bitget
SunX
GMX
Backpack
BloFin
Aster
gTrade (Gains Network)
Pacifica
Phoenix
Hyperliquid
Kraken Futures
Coinbase International
Variational Omni
ApeX 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 | −4.544% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| 01 Exchange VIRTUALUSDshort | −0.099% | −0.0208% | 1h | $2K | $131 | 10x | |
| Bybit VIRTUALUSDT | −0.071% | +0.0015% | 4h | $15.6M | $15.9M | 50x | as long as short |
| Reya VIRTUALRUSDPERP | −0.066% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| KuCoin VIRTUALUSDTM | −0.057% | +0.0100% | 4h | $3.0M | $4.3M | 50x | as long as short |
| Lighter VIRTUAL | −0.051% | −0.0104% | 1h | $321K | $412K | 5x | as long as short |
| Binance VIRTUALUSDT | −0.042% | +0.0100% | 4h | $16.4M | $36.9M | 75x | as long as short |
| Gate VIRTUAL_USDT | −0.028% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.028% | +0.0100% | 4h | — | $8.1M | — | as long as short |
| MEXC VIRTUAL_USDT | −0.014% | +0.0100% | 4h | $16.0M | $4.1M | 100x | as long as short |