After costs, if the gap returns to its 7d average, $10k+$48
spread now+1.339%7d average+0.255%fees + slippage, in and out−$61spread needed0.608%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps VIRTUAL-USD | 0.7019 | 0.0100 | pay 0.0013% / 1h | 36m 01s | $33K | $796K | 5x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7113 | 0.0472 | get 0.0059% / 1h | 36m 01s | $193K | $119K | 50x |
Polymarket Perps VIRTUAL-USD
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $133.92
- Funding while held
- $11.16
- Slippage, 4 orders
- −$42.84
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $84.24
- Spread needed to break even
- 0.608%
Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0372%
- Per $10,000 a day
- +$11.16
- 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 Polymarket Perps live order book, 3 min ago | 2.84 bp | 7.1 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.39 bp | 29.3 bp −$29 | 471.2 bp −$4,712 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.6999+3.779%Phoenix0.7015+4.011%Reya0.7015+4.021%01 Exchange0.7016+4.033%Pacifica0.7017+4.055%KuCoin0.7019+4.078%
Injective
Variational Omni
Phoenix
Reya
Pacifica
KuCoinPolymarket Perps0.7019+4.078%
edgeX0.7019+4.081%Extended0.7021+4.106%MEXC0.7021+4.107%ApeX Omni0.7021+4.107%Orderly0.7021+4.107%SunX0.7021+4.107%GMX0.7021+4.110%gTrade (Gains Network)0.7021+4.114%Lighter0.7022+4.124%SoDEX0.7023+4.130%Deribit0.7023+4.137%Aster0.7023+4.138%Aevo0.7023+4.144%Gate0.7024+4.152%BingX0.7025+4.167%Bybit0.7026+4.181%OKX0.7027+4.196%BloFin0.7027+4.196%Backpack0.7029+4.226%Bitget0.7033+4.285%Kraken Futures0.7034+4.297%Binance0.7034+4.301%Hyperliquid0.7035+4.316%
Extended
MEXC
ApeX Omni
Orderly
SunX
GMX
gTrade (Gains Network)
Lighter
SoDEX
Deribit
Aster
Aevo
Gate
BingX
Bybit
OKX
BloFin
Backpack
Bitget
Kraken Futures
Binance
HyperliquidCoinbase International0.7113+5.472%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.918% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.287% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Phoenix VIRTUAL | −0.064% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.055% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.043% | −0.0208% | 1h | $2K | $131 | 10x | as long as short |
| Pacifica VIRTUAL | −0.022% | +0.0100% | 1h | $72K | $41K | 5x | as long as short |
| KuCoin VIRTUALUSDTM | 0.000% | +0.0100% | 4h | $3.0M | $4.2M | 50x | as long as short |
| Polymarket Perps VIRTUAL-USDlong | 0.000% | +0.0100% | 1h | $33K | $796K | 5x | |
| edgeX VIRTUALUSDC | +0.003% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| Extended VIRTUAL-USD | +0.027% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |