After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.034%7d average+0.006%fees + slippage, in and out−$51spread needed0.506%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps VIRTUAL-USD | 0.7115 | 0.0043 | pay 0.0005% / 1h | 8m 58s | $31K | $793K | 5x |
| Short | Gate VIRTUAL_USDT | 0.7113 | 0.0100 | get 0.0050% / 4h | 1h 08m | $1.4M | $3.0M | 75x |
Polymarket Perps VIRTUAL-USD
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
- −$3.37
- Funding while held
- $1.71
- Slippage, 4 orders
- −$27.57
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$52.23
- Spread needed to break even
- 0.506%
Slippage from Polymarket Perps: live order book, 45 min ago; Gate: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0057%
- Per $10,000 a day
- +$1.71
- 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, 45 min ago | 2.63 bp | 7.5 bp −$7 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.12 bp | 19.5 bp −$20 | 100.7 bp −$1,007 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
edgeX0.7072+4.856%Variational Omni0.7084+5.041%ApeX Omni0.7091+5.145%Phoenix0.7096+5.224%Coinbase International0.7098+5.249%Pacifica0.7100+5.286%SunX0.7105+5.353%Extended0.7105+5.354%BloFin0.7106+5.368%Aevo0.7107+5.387%SoDEX0.7108+5.393%Orderly0.7108+5.397%Deribit0.7108+5.397%01 Exchange0.7109+5.412%Lighter0.7109+5.415%MEXC0.7110+5.427%Reya0.7111+5.441%Aster0.7112+5.457%Bybit0.7112+5.457%KuCoin0.7112+5.457%BingX0.7112+5.457%Binance0.7113+5.472%
Injective
Variational Omni
ApeX Omni
Phoenix
Coinbase International
Pacifica
SunX
Extended
BloFin
Aevo
SoDEX
Orderly
Deribit
Lighter
MEXC
Reya
Aster
Bybit
KuCoin
BingX
BinanceGate0.7113+5.472%
Bitget0.7113+5.472%gTrade (Gains Network)0.7114+5.479%OKX0.7114+5.486%Backpack0.7115+5.501%GMX0.7115+5.506%
Bitget
gTrade (Gains Network)
OKX
Backpack
GMXPolymarket Perps0.7115+5.507%
Kraken Futures0.7120+5.579%Hyperliquid0.7120+5.581%
Kraken Futures
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.220% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.617% | +0.0100% | 4h | $18K | $253K | 10x | as long as short |
| Variational Omni VIRTUAL | −0.442% | −0.0026% | 4h | $595K | $781K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.343% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Phoenix VIRTUAL | −0.268% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | −0.245% | +0.0400% | 1h | $194K | $148K | 50x | as long as short |
| Pacifica VIRTUAL | −0.210% | +0.0100% | 1h | $72K | $39K | 5x | as long as short |
| SunX VIRTUAL-USDT | −0.146% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.145% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.132% | +0.0340% | 4h | $842K | $769K | 75x | as long as short |