Spread before costs (cost unknown: a leg has no order-book sample)+0.034%
7d average—if it closes, per $10,000$3funding while held, a day+$6.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix VIRTUAL | 0.7079 | −0.0113 | get 0.0014% / 1h | 6m 47s | $11K | $42K | 5x |
| Short | KuCoin VIRTUALUSDTM | 0.7081 | 0.0100 | get 0.0050% / 4h | 6m 47s | $3.0M | $4.3M | 50x |
Phoenix VIRTUAL
KuCoin VIRTUALUSDTMPrice 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
- $3.39
- Funding while held
- $6.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$9.22
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago | 2.12 bp | 25.3 bp −$25 | 54.4 bp −$544 | 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.Injective0.6744cheapest01 Exchange0.7063+4.730%Aevo0.7070+4.832%Orderly0.7071+4.849%Deribit0.7072+4.864%BloFin0.7073+4.878%SoDEX0.7074+4.889%Reya0.7074+4.889%Variational Omni0.7074+4.896%Gate0.7076+4.923%Extended0.7076+4.924%Backpack0.7077+4.938%gTrade (Gains Network)0.7078+4.949%GMX0.7078+4.950%SunX0.7078+4.953%Aster0.7078+4.956%
Injective
Aevo
Orderly
Deribit
BloFin
SoDEX
Reya
Variational Omni
Gate
Extended
Backpack
gTrade (Gains Network)
GMX
SunX
AsterPhoenix0.7079+4.961%
BingX0.7079+4.967%Lighter0.7079+4.970%edgeX0.7079+4.973%Polymarket Perps0.7080+4.976%Bybit0.7080+4.982%Bitget0.7080+4.982%MEXC0.7081+4.997%
BingX
Lighter
Polymarket Perps
Bybit
Bitget
MEXCKuCoin0.7081+4.997%
ApeX Omni0.7081+4.997%Binance0.7081+5.001%OKX0.7082+5.012%Pacifica0.7083+5.025%Kraken Futures0.7087+5.088%Hyperliquid0.7089+5.113%Coinbase International0.7099+5.264%
ApeX Omni
Binance
OKX
Pacifica
Kraken Futures
Hyperliquid
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 | −4.727% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.220% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.123% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.107% | +0.0065% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.093% | −0.0033% | 1h | $15K | $41K | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.079% | +0.0340% | 4h | $837K | $777K | 75x | as long as short |
| SoDEX VIRTUAL-USD | −0.069% | +0.0100% | 1h | $204 | $8K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.069% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Variational Omni VIRTUAL | −0.062% | −0.0002% | 4h | $595K | $801K | — | as long as short |
| Gate VIRTUAL_USDT | −0.037% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |