Spread before costs (cost unknown: a leg has no order-book sample)+0.056%
7d average—if it closes, per $10,000$6funding while held, a day−$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica VIRTUAL | 0.7017 | 0.0100 | pay 0.0013% / 1h | 36m 13s | $72K | $41K | 5x |
| Short | gTrade (Gains Network) VIRTUAL/USD | 0.7021 | L +0.0007% / S −0.0004% | get 0.0000% / 1h | 36m 13s | $12K | — | 150x |
Pacifica VIRTUAL
gTrade (Gains Network) VIRTUAL/USDPrice 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
- $5.61
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$15.27
- Spread needed to break even
- 0.180%
Slippage unknown: Pacifica: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Pacifica and gTrade (Gains Network): 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.Injective0.6744cheapestVariational Omni0.6999+3.779%Gate0.7014+4.004%Phoenix0.7015+4.011%Reya0.7015+4.021%01 Exchange0.7016+4.033%BingX0.7016+4.033%
Injective
Variational Omni
Gate
Phoenix
Reya
BingXPacifica0.7017+4.055%
Aster0.7018+4.065%KuCoin0.7019+4.078%Polymarket Perps0.7019+4.078%edgeX0.7019+4.081%Extended0.7021+4.106%MEXC0.7021+4.107%ApeX Omni0.7021+4.107%Orderly0.7021+4.107%SunX0.7021+4.107%GMX0.7021+4.110%
Aster
KuCoin
Polymarket Perps
Extended
MEXC
ApeX Omni
Orderly
SunX
GMXgTrade (Gains Network)0.7021+4.114%
Lighter0.7022+4.124%SoDEX0.7023+4.130%Deribit0.7023+4.137%Hyperliquid0.7023+4.138%Aevo0.7023+4.144%Backpack0.7024+4.152%Bybit0.7025+4.167%OKX0.7025+4.167%Binance0.7025+4.168%Bitget0.7027+4.196%BloFin0.7027+4.196%Kraken Futures0.7034+4.297%Coinbase International0.7113+5.472%
Lighter
SoDEX
Deribit
Hyperliquid
Aevo
Backpack
Bybit
OKX
Binance
Bitget
BloFin
Kraken Futures
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 | −3.897% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.265% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Gate VIRTUAL_USDT | −0.050% | +0.0084% | 4h | $1.4M | $3.0M | 75x | as long as short |
| Phoenix VIRTUAL | −0.043% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.033% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.021% | −0.0208% | 1h | $2K | $131 | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.021% | +0.0100% | 4h | — | $8.1M | — | as long as short |
| Pacifica VIRTUALlong | 0.000% | +0.0100% | 1h | $72K | $41K | 5x | |
| Aster VIRTUALUSDT | +0.009% | +0.0100% | 4h | $182K | $58K | 20x | as long as short |
| KuCoin VIRTUALUSDTM | +0.022% | +0.0100% | 4h | $3.0M | $4.2M | 50x | as long as short |