After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.072%7d average+0.065%fees + slippage, in and out−$35spread needed0.347%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps VIRTUAL-USD | 0.7096 | −0.0523 | get 0.0065% / 1h | 0m 43s | $31K | $778K | 5x |
| Short | Hyperliquid VIRTUAL | 0.7101 | 0.0161 | get 0.0020% / 1h | 0m 43s | $9.4M | $3.1M | 5x |
Polymarket Perps VIRTUAL-USD
Hyperliquid 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
- $7.19
- Funding while held
- $20.54
- Slippage, 4 orders
- −$17.72
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7
- Spread needed to break even
- 0.347%
Slippage from Polymarket Perps: live order book, 59 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0685%
- Per $10,000 a day
- +$20.54
- 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, 59 min ago | 2.96 bp | 7.9 bp −$8 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.48 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestExtended0.7085+5.056%01 Exchange0.7085+5.056%OKX0.7086+5.071%Bybit0.7087+5.086%Binance0.7088+5.101%BingX0.7088+5.101%MEXC0.7089+5.116%KuCoin0.7093+5.175%Aevo0.7093+5.179%Lighter0.7094+5.190%Pacifica0.7094+5.190%Orderly0.7094+5.190%Deribit0.7094+5.190%Bitget0.7095+5.205%BloFin0.7095+5.205%
Injective
Extended
OKX
Bybit
Binance
BingX
MEXC
KuCoin
Aevo
Lighter
Pacifica
Orderly
Deribit
Bitget
BloFinPolymarket Perps0.7096+5.212%
Aster0.7096+5.212%SoDEX0.7096+5.215%Gate0.7096+5.219%Reya0.7096+5.222%Variational Omni0.7097+5.235%Backpack0.7098+5.249%GMX0.7098+5.253%gTrade (Gains Network)0.7098+5.256%ApeX Omni0.7099+5.264%
Aster
SoDEX
Gate
Reya
Variational Omni
Backpack
GMX
gTrade (Gains Network)
ApeX OmniHyperliquid0.7101+5.288%
Kraken Futures0.7101+5.300%edgeX0.7105+5.359%SunX0.7108+5.397%Phoenix0.7109+5.411%Coinbase International0.7136+5.813%
Kraken Futures
SunX
Phoenix
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 | −4.954% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.149% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.148% | −0.0208% | 1h | $2K | $539 | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.134% | +0.0100% | 4h | $2.8M | $10.2M | 20x | as long as short |
| Bybit VIRTUALUSDT | −0.120% | +0.0100% | 4h | $15.8M | $15.0M | 50x | as long as short |
| Binance VIRTUALUSDT | −0.106% | +0.0100% | 4h | $16.6M | $34.9M | 75x | as long as short |
| BingX VIRTUAL-USDT | −0.106% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| MEXC VIRTUAL_USDT | −0.092% | +0.0100% | 4h | $16.4M | $3.8M | 100x | as long as short |
| KuCoin VIRTUALUSDTM | −0.035% | +0.0100% | 4h | $3.0M | $4.1M | 50x | as long as short |
| Aevo VIRTUAL-PERP | −0.031% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |