Spread before costs (cost unknown: a leg has no order-book sample)−0.164%
7d average—if it closes, per $10,000$16funding 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 | 13m 17s | $11K | $42K | 5x |
| Short | edgeX VIRTUALUSDC | 0.7045 | 0.0100 | get 0.0050% / 4h | 13m 17s | $18K | $256K | 10x |
Phoenix VIRTUALPrice 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
- −$16.42
- Funding while held
- $6.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$26.03
- Spread needed to break even
- 0.160%
Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 36 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 edgeX live order book, 36 min ago | 2.81 bp | 7.9 bp −$8 | 20.5 bp −$205 | 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%ApeX Omni0.7047+4.493%BloFin0.7052+4.567%
Injective
Variational Omni
ApeX Omni
BloFinPhoenix0.7057+4.641%
MEXC0.7063+4.730%Reya0.7064+4.743%Extended0.7064+4.744%Binance0.7064+4.745%Aevo0.7065+4.755%Bybit0.7065+4.760%Gate0.7065+4.760%BingX0.7065+4.760%Lighter0.7066+4.775%OKX0.7066+4.775%SoDEX0.7066+4.779%01 Exchange0.7067+4.789%Deribit0.7067+4.789%KuCoin0.7068+4.804%Backpack0.7068+4.804%Orderly0.7068+4.804%GMX0.7069+4.814%Pacifica0.7069+4.819%Bitget0.7069+4.819%SunX0.7069+4.819%Coinbase International0.7069+4.819%Aster0.7069+4.825%Polymarket Perps0.7070+4.835%gTrade (Gains Network)0.7070+4.838%Hyperliquid0.7070+4.841%Kraken Futures0.7079+4.963%
MEXC
Reya
Extended
Binance
Aevo
Bybit
Gate
BingX
Lighter
OKX
SoDEX
Deribit
KuCoin
Backpack
Orderly
GMX
Pacifica
Bitget
SunX
Coinbase International
Aster
Polymarket Perps
gTrade (Gains Network)
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 |
| edgeX VIRTUALUSDCshort | −0.164% | +0.0100% | 4h | $18K | $256K | 10x | |
| ApeX Omni VIRTUALUSDT | −0.142% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| BloFin VIRTUAL-USDT | −0.071% | +0.0340% | 4h | $838K | $777K | 75x | as long as short |
| Phoenix VIRTUALlong | 0.000% | −0.0113% | 1h | $11K | $42K | 5x | |
| MEXC VIRTUAL_USDT | +0.085% | +0.0100% | 4h | $15.9M | $4.0M | 100x | as long as short |
| Reya VIRTUALRUSDPERP | +0.097% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Extended VIRTUAL-USD | +0.098% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Binance VIRTUALUSDT | +0.099% | +0.0100% | 4h | $16.3M | $37.3M | 75x | as long as short |