Spread before costs (cost unknown: a leg has no order-book sample)+0.144%
7d average—if it closes, per $10,000$14funding while held, a day+$7.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica VIRTUAL | 0.7078 | 0.0100 | pay 0.0013% / 1h | 59m 38s | $71K | $37K | 5x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7088 | 0.0336 | get 0.0042% / 1h | 59m 38s | $194K | $149K | 50x |
Pacifica VIRTUAL
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $14.41
- Funding while held
- $7.08
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $3.49
- Spread needed to break even
- 0.180%
Slippage unknown: Pacifica: no order-book sample; Coinbase International: live order book, 60 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0236%
- Per $10,000 a day
- +$7.08
- 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 60 min ago | 6.33 bp | 11.3 bp −$11 | 1022.0 bp −$10.2K | doesn't fit | doesn't fit |
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.Injective0.6744cheapestBybit0.7072+4.864%Polymarket Perps0.7073+4.881%Extended0.7073+4.883%OKX0.7074+4.893%Backpack0.7074+4.893%Deribit0.7074+4.893%Reya0.7074+4.895%Aevo0.7075+4.903%MEXC0.7075+4.908%BingX0.7075+4.908%Orderly0.7075+4.908%SoDEX0.7076+4.915%Gate0.7077+4.938%KuCoin0.7077+4.938%Binance0.7077+4.941%
Injective
Bybit
Polymarket Perps
Extended
OKX
Backpack
Deribit
Reya
Aevo
MEXC
BingX
Orderly
SoDEX
Gate
KuCoin
BinancePacifica0.7078+4.950%
Aster0.7078+4.954%gTrade (Gains Network)0.7078+4.958%Lighter0.7079+4.975%GMX0.7080+4.982%SunX0.7081+4.997%Hyperliquid0.7081+5.003%Bitget0.7082+5.012%Kraken Futures0.7084+5.045%01 Exchange0.7085+5.056%
Aster
gTrade (Gains Network)
Lighter
GMX
SunX
Hyperliquid
Bitget
Kraken FuturesCoinbase International0.7088+5.101%
BloFin0.7095+5.205%Variational Omni0.7097+5.235%ApeX Omni0.7099+5.264%edgeX0.7105+5.359%Phoenix0.7109+5.411%
BloFin
Variational Omni
ApeX Omni
PhoenixVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.716% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.082% | +0.0100% | 4h | $15.6M | $15.2M | 50x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.065% | −0.0530% | 1h | $30K | $778K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.063% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.054% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.054% | +0.0100% | 1h | $230K | $163K | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.054% | −0.0315% | 1h | $15K | $20K | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.052% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.045% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| MEXC VIRTUAL_USDT | −0.040% | +0.0100% | 4h | $16.3M | $3.7M | 100x | as long as short |