Spread before costs (cost unknown: a leg has no order-book sample)−0.357%
7d average—if it closes, per $10,000$36funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica VIRTUAL | 0.7134 | 0.0100 | pay 0.0013% / 1h | 6m 04s | $72K | $39K | 5x |
| Short | OKX VIRTUAL-USDT-SWAP | 0.7109 | 0.0100 | get 0.0050% / 4h | 1h 06m | $2.8M | $10.4M | 20x |
Pacifica VIRTUAL
OKX VIRTUAL-USDT-SWAPPrice 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
- −$35.7
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$53.7
- Spread needed to break even
- 0.180%
Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 OKX live order book, 4 min ago | 2.11 bp | 14.0 bp −$14 | 39.9 bp −$399 | 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.Injective0.6744cheapest
Variational Omni0.7084+5.041%ApeX Omni0.7091+5.145%edgeX0.7101+5.300%Extended0.7109+5.410%
Injective
Variational Omni
ApeX Omni
ExtendedOKX0.7109+5.412%
Phoenix0.7111+5.442%Bybit0.7112+5.457%Binance0.7114+5.486%Bitget0.7116+5.516%BloFin0.7116+5.516%BingX0.7118+5.546%Gate0.7119+5.560%SoDEX0.7119+5.560%Backpack0.7122+5.605%SunX0.7122+5.605%MEXC0.7124+5.635%Orderly0.7125+5.649%Deribit0.7125+5.649%Hyperliquid0.7125+5.654%Lighter0.7126+5.661%Aevo0.7126+5.663%Coinbase International0.7126+5.664%Reya0.7128+5.688%gTrade (Gains Network)0.7128+5.692%GMX0.7129+5.708%01 Exchange0.7131+5.738%Aster0.7131+5.741%KuCoin0.7132+5.753%Polymarket Perps0.7134+5.778%
Phoenix
Bybit
Binance
Bitget
BloFin
BingX
Gate
SoDEX
Backpack
SunX
MEXC
Orderly
Deribit
Hyperliquid
Lighter
Aevo
Coinbase International
Reya
gTrade (Gains Network)
GMX
Aster
KuCoin
Polymarket PerpsPacifica0.7134+5.790%
Kraken Futures0.7136+5.813%
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.473% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.708% | −0.0026% | 4h | $595K | $781K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.609% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.463% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Extended VIRTUAL-USD | −0.359% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAPshort | −0.357% | +0.0100% | 4h | $2.8M | $10.4M | 20x | |
| Phoenix VIRTUAL | −0.329% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.315% | +0.0100% | 4h | $15.7M | $15.6M | 50x | as long as short |
| Binance VIRTUALUSDT | −0.287% | +0.0100% | 4h | $16.5M | $36.2M | 75x | as long as short |
| Bitget VIRTUALUSDT | −0.259% | +0.0100% | 4h | $6.0M | $5.6M | 25x | as long as short |