Spread before costs (cost unknown: a leg has no order-book sample)+0.110%
7d average—if it closes, per $10,000$11funding while held, a day+$6.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix VIRTUAL | 0.7025 | −0.0113 | get 0.0014% / 1h | 17m 17s | $11K | $42K | 5x |
| Short | Aevo VIRTUAL-PERP | 0.7033 | 0.0104 | get 0.0013% / 1h | 17m 17s | $18K | $505 | 3x |
Phoenix VIRTUAL
Aevo VIRTUAL-PERPPrice 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
- Funding while held
- $6.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$5.49
- Spread needed to break even
- 0.230%
Slippage unknown: Phoenix: no order-book sample; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0217%
- Per $10,000 a day
- +$6.51
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Phoenix and Aevo: 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 Omni0.7001+3.809%edgeX0.7011+3.959%
Injective
Variational OmniPhoenix0.7025+4.168%
Extended0.7030+4.243%SoDEX0.7030+4.248%Bybit0.7031+4.256%OKX0.7032+4.270%
Extended
SoDEX
Bybit
OKXAevo0.7033+4.283%
Orderly0.7033+4.285%Deribit0.7033+4.285%Lighter0.7033+4.287%Reya0.7033+4.292%Binance0.7034+4.302%BingX0.7035+4.315%SunX0.7035+4.315%01 Exchange0.7036+4.330%GMX0.7037+4.339%Gate0.7037+4.345%MEXC0.7037+4.345%Bitget0.7037+4.345%gTrade (Gains Network)0.7038+4.353%Pacifica0.7038+4.361%Aster0.7038+4.366%KuCoin0.7039+4.374%BloFin0.7039+4.374%Polymarket Perps0.7040+4.397%ApeX Omni0.7042+4.419%Hyperliquid0.7043+4.429%Backpack0.7044+4.448%Kraken Futures0.7047+4.486%Coinbase International0.7055+4.612%
Orderly
Deribit
Lighter
Reya
Binance
BingX
SunX
GMX
Gate
MEXC
Bitget
gTrade (Gains Network)
Pacifica
Aster
KuCoin
BloFin
Polymarket Perps
ApeX Omni
Hyperliquid
Backpack
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 | −4.001% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.344% | −0.0031% | 4h | $591K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.201% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| Phoenix VIRTUALlong | 0.000% | −0.0113% | 1h | $11K | $42K | 5x | |
| Extended VIRTUAL-USD | +0.071% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| SoDEX VIRTUAL-USD | +0.077% | +0.0100% | 1h | $204 | $8K | 5x | as long as short |
| Bybit VIRTUALUSDT | +0.084% | +0.0100% | 4h | $15.6M | $16.0M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.098% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Aevo VIRTUAL-PERPshort | +0.110% | +0.0104% | 1h | $18K | $505 | 3x | |
| Orderly PERP_VIRTUAL_USDC | +0.112% | +0.0065% | 4h | $14K | $1.5M | 10x | as long as short |