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−$20.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica VIRTUAL | 0.7103 | 0.0100 | pay 0.0013% / 1h | 33m 59s | $73K | $41K | 5x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7095 | −0.0595 | pay 0.0074% / 1h | 33m 59s | $15K | $40K | 10x |
Pacifica VIRTUAL
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$11.88
- Funding while held
- −$20.85
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$47.73
- Spread needed to break even
- 0.150%
Slippage unknown: Pacifica: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0695%
- Per $10,000 a day
- −$20.85
- 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 Deribit no order-book sample | — | — | — | — | — |
Pacifica and Deribit: 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.Injective0.6744cheapest
Reya0.7087+5.081%01 Exchange0.7092+5.160%Aevo0.7092+5.163%Lighter0.7093+5.172%SoDEX0.7094+5.182%Bybit0.7095+5.205%Orderly0.7095+5.205%
Injective
Reya
Aevo
Lighter
SoDEX
Bybit
OrderlyDeribit0.7095+5.205%
SunX0.7096+5.219%GMX0.7097+5.230%BingX0.7097+5.234%gTrade (Gains Network)0.7098+5.244%OKX0.7098+5.249%BloFin0.7098+5.249%MEXC0.7099+5.264%Binance0.7099+5.264%Polymarket Perps0.7099+5.265%Extended0.7099+5.270%Gate0.7101+5.294%KuCoin0.7101+5.294%Bitget0.7103+5.323%Backpack0.7103+5.323%
SunX
GMX
BingX
gTrade (Gains Network)
OKX
BloFin
MEXC
Binance
Polymarket Perps
Extended
Gate
KuCoin
Bitget
BackpackPacifica0.7103+5.330%
Aster0.7104+5.331%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%
Aster
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 | −5.060% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.236% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.161% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.159% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Lighter VIRTUAL | −0.150% | −0.0016% | 1h | $322K | $411K | 5x | as long as short |
| SoDEX VIRTUAL-USD | −0.140% | −0.0038% | 1h | $212 | $8K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.119% | +0.0100% | 4h | $15.7M | $16.1M | 50x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.119% | +0.0064% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUALshort | −0.119% | −0.0595% | 1h | $15K | $40K | 10x | |
| SunX VIRTUAL-USDT | −0.105% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |