Spread before costs (cost unknown: a leg has no order-book sample)−0.142%
7d average—if it closes, per $10,000$14funding while held, a day+$6.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix VIRTUAL | 0.7057 | −0.0113 | get 0.0014% / 1h | 11m 16s | $11K | $42K | 5x |
| Short | ApeX Omni VIRTUALUSDT | 0.7047 | 0.0100 | get 0.0013% / 1h | 11m 16s | $40K | $241K | 50x |
Phoenix VIRTUAL
ApeX Omni VIRTUALUSDTPrice 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
- −$14.17
- Funding while held
- $6.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$24.78
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 37 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0213%
- Per $10,000 a day
- +$6.39
- 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 ApeX Omni live order book, 37 min ago | 6.34 bp | 13.5 bp −$13 | 100.1 bp −$1,001 | doesn't fit | doesn't fit |
Phoenix: 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 Omni0.7035+4.313%
Injective
Variational OmniApeX Omni0.7047+4.493%
Phoenix0.7057+4.641%
edgeX0.7064+4.745%BloFin0.7066+4.775%Lighter0.7073+4.871%Pacifica0.7079+4.966%Backpack0.7079+4.967%Extended0.7079+4.974%01 Exchange0.7080+4.982%MEXC0.7080+4.982%SoDEX0.7081+4.994%Bybit0.7081+4.997%Aster0.7081+4.999%Aevo0.7082+5.008%BingX0.7082+5.012%Reya0.7083+5.022%OKX0.7083+5.027%Gate0.7083+5.027%Orderly0.7083+5.027%Binance0.7084+5.036%Deribit0.7084+5.042%KuCoin0.7085+5.056%GMX0.7086+5.065%gTrade (Gains Network)0.7086+5.068%Bitget0.7086+5.071%SunX0.7086+5.071%Coinbase International0.7088+5.101%Polymarket Perps0.7089+5.123%Hyperliquid0.7092+5.163%Kraken Futures0.7097+5.233%
BloFin
Lighter
Pacifica
Backpack
Extended
MEXC
SoDEX
Bybit
Aster
Aevo
BingX
Reya
OKX
Gate
Orderly
Binance
Deribit
KuCoin
GMX
gTrade (Gains Network)
Bitget
SunX
Coinbase International
Polymarket Perps
Hyperliquid
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 | −4.435% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.313% | −0.0022% | 4h | $592K | $801K | — | as long as short |
| ApeX Omni VIRTUALUSDTshort | −0.142% | +0.0100% | 1h | $40K | $241K | 50x | |
| Phoenix VIRTUALlong | 0.000% | −0.0113% | 1h | $11K | $42K | 5x | |
| edgeX VIRTUALUSDC | +0.099% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| BloFin VIRTUAL-USDT | +0.128% | +0.0340% | 4h | $838K | $777K | 75x | as long as short |
| Lighter VIRTUAL | +0.220% | +0.0096% | 1h | $324K | $367K | 5x | as long as short |
| Pacifica VIRTUAL | +0.310% | +0.0100% | 1h | $73K | $42K | 5x | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.312% | +0.0100% | 1h | $236K | $169K | 10x | as long as short |
| Extended VIRTUAL-USD | +0.318% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |