After costs, if the gap returns to its 7d average, $10k−$74
spread now−0.123%7d average+0.066%fees + slippage, in and out−$55spread needed0.550%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps VIRTUAL-USD | 0.7051 | 0.0100 | pay 0.0013% / 1h | 18m 24s | $31K | $818K | 5x |
| Short | Kraken Futures PF_VIRTUALUSD | 0.7042 | 0.0776 | get 0.0097% / 1h | 18m 24s | $513K | $632K | 50x |
Polymarket Perps VIRTUAL-USD
Kraken Futures PF_VIRTUALUSDPrice 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
- −$12.33
- Funding while held
- $20.29
- Slippage, 4 orders
- −$36.98
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$47.02
- Spread needed to break even
- 0.550%
Slippage from Polymarket Perps: live order book, 26 min ago; Kraken Futures: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0676%
- Per $10,000 a day
- +$20.29
- 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, 26 min ago | 1.33 bp | 5.3 bp −$5 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 26 min ago | 4.21 bp | 19.2 bp −$19 | 50.4 bp −$504 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestOrderly0.7029+4.226%SoDEX0.7029+4.233%Aevo0.7030+4.241%Deribit0.7032+4.270%BloFin0.7034+4.300%GMX0.7035+4.314%SunX0.7035+4.315%Backpack0.7040+4.389%gTrade (Gains Network)0.7041+4.401%MEXC0.7041+4.404%
Injective
Orderly
SoDEX
Aevo
Deribit
BloFin
GMX
SunX
Backpack
gTrade (Gains Network)
MEXCKraken Futures0.7042+4.417%
Aster0.7042+4.420%Lighter0.7042+4.422%Gate0.7043+4.434%Bybit0.7044+4.448%Reya0.7044+4.454%01 Exchange0.7045+4.463%Coinbase International0.7045+4.463%OKX0.7046+4.478%KuCoin0.7046+4.478%Extended0.7047+4.488%BingX0.7047+4.493%Pacifica0.7048+4.503%Binance0.7050+4.541%
Aster
Lighter
Gate
Bybit
Reya
Coinbase International
OKX
KuCoin
Extended
BingX
Pacifica
BinancePolymarket Perps0.7051+4.546%
Hyperliquid0.7054+4.591%Bitget0.7054+4.597%Variational Omni0.7059+4.667%ApeX Omni0.7059+4.671%edgeX0.7070+4.834%Phoenix0.7074+4.899%
Hyperliquid
Bitget
Variational Omni
ApeX Omni
PhoenixVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.349% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.306% | +0.0059% | 4h | $14K | $1.5M | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.299% | −0.0180% | 1h | $405 | $8K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.292% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.264% | −0.0318% | 1h | $15K | $40K | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.235% | +0.0340% | 4h | $831K | $772K | 75x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | −0.222% | L +0.0297% / S −0.0228% | 1h | $30K | — | 100x | as long as short |
| SunX VIRTUAL-USDT | −0.221% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.150% | +0.0100% | 1h | $231K | $178K | 10x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | −0.139% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |