Spread before costs (cost unknown: a leg has no order-book sample)−0.343%
7d average—if it closes, per $10,000$34funding while held, a day+$7.34
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix VIRTUAL | 0.7032 | −0.0159 | get 0.0020% / 1h | 41m 28s | $11K | $54K | 5x |
| Short | Gate VIRTUAL_USDT | 0.7008 | 0.0086 | get 0.0043% / 4h | 2h 41m | $1.4M | $3.0M | 75x |
Phoenix VIRTUAL
Gate VIRTUAL_USDTPrice 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
- −$34.27
- Funding while held
- $7.34
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.94
- Spread needed to break even
- 0.220%
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0245%
- Per $10,000 a day
- +$7.34
- 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 Gate live order book, 3 min ago | 3.55 bp | 22.7 bp −$23 | 76.7 bp −$767 | 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.Injective0.6744cheapestLighter0.7003+3.833%BingX0.7003+3.840%Bybit0.7005+3.870%SoDEX0.7005+3.870%Binance0.7005+3.874%Reya0.7006+3.891%Aevo0.7007+3.897%Extended0.7008+3.908%
Injective
Lighter
BingX
Bybit
SoDEX
Binance
Reya
Aevo
ExtendedGate0.7008+3.915%
OKX0.7009+3.929%01 Exchange0.7009+3.929%KuCoin0.7009+3.929%Bitget0.7009+3.929%Backpack0.7009+3.929%Orderly0.7009+3.929%Deribit0.7009+3.929%MEXC0.7010+3.944%GMX0.7010+3.945%Pacifica0.7010+3.946%gTrade (Gains Network)0.7011+3.960%Polymarket Perps0.7011+3.961%Aster0.7013+3.993%SunX0.7014+4.004%Hyperliquid0.7016+4.039%Kraken Futures0.7020+4.093%BloFin0.7023+4.137%
OKX
KuCoin
Bitget
Backpack
Orderly
Deribit
MEXC
GMX
Pacifica
gTrade (Gains Network)
Polymarket Perps
Aster
SunX
Hyperliquid
Kraken Futures
BloFinPhoenix0.7032+4.272%
ApeX Omni0.7047+4.493%edgeX0.7048+4.511%Variational Omni0.7067+4.793%Coinbase International0.7113+5.472%
ApeX Omni
Variational Omni
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 | −4.097% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.421% | −0.0216% | 1h | $318K | $389K | 5x | as long as short |
| BingX VIRTUAL-USDT | −0.414% | +0.0100% | 4h | — | $8.1M | — | as long as short |
| Bybit VIRTUALUSDT | −0.385% | −0.0303% | 4h | $15.3M | $15.5M | 50x | as long as short |
| SoDEX VIRTUAL-USD | −0.385% | −0.0136% | 1h | $1K | $9K | 5x | as long as short |
| Binance VIRTUALUSDT | −0.381% | +0.0100% | 4h | $16.0M | $36.2M | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.366% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.360% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| Extended VIRTUAL-USD | −0.349% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| Gate VIRTUAL_USDTshort | −0.343% | +0.0086% | 4h | $1.4M | $3.0M | 75x |