Spread before costs (cost unknown: a leg has no order-book sample)−0.091%
7d average—if it closes, per $10,000$9funding while held, a day+$7.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya VIRTUALRUSDPERP | 0.7032 | −0.0139 | get 0.0017% / 1h | 19m 23s | $24 | — | 10x |
| Short | Extended VIRTUAL-USD | 0.7026 | 0.0104 | get 0.0013% / 1h | 19m 23s | $55K | $244K | 10x |
Reya VIRTUALRUSDPERP
Extended VIRTUAL-USDPrice 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
- −$9.12
- Funding while held
- $7.3
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$12.82
- Spread needed to break even
- 0.110%
Slippage unknown: Reya: no order-book sample; Extended: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0243%
- Per $10,000 a day
- +$7.30
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 5 min ago | 2.55 bp | 14.5 bp −$15 | 148.3 bp −$1,483 | doesn't fit | doesn't fit |
Reya: 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.Injective0.6744cheapestLighter0.7023+4.143%Bybit0.7025+4.167%
Injective
Lighter
BybitExtended0.7026+4.178%
KuCoin0.7027+4.196%01 Exchange0.7028+4.211%BingX0.7028+4.211%Backpack0.7028+4.211%Binance0.7029+4.227%Orderly0.7030+4.241%Aevo0.7030+4.241%Deribit0.7030+4.241%SoDEX0.7030+4.248%OKX0.7031+4.256%Pacifica0.7032+4.265%SunX0.7032+4.270%
KuCoin
BingX
Backpack
Binance
Orderly
Aevo
Deribit
SoDEX
OKX
Pacifica
SunXReya0.7032+4.273%
Aster0.7033+4.285%Gate0.7033+4.285%gTrade (Gains Network)0.7034+4.297%GMX0.7035+4.314%MEXC0.7036+4.330%Bitget0.7036+4.330%Polymarket Perps0.7038+4.355%Kraken Futures0.7041+4.411%Hyperliquid0.7043+4.440%BloFin0.7054+4.597%Variational Omni0.7059+4.667%ApeX Omni0.7059+4.671%edgeX0.7070+4.834%Phoenix0.7074+4.899%Coinbase International0.7081+4.997%
Aster
Gate
gTrade (Gains Network)
GMX
MEXC
Bitget
Polymarket Perps
Kraken Futures
Hyperliquid
BloFin
Variational Omni
ApeX Omni
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 | −4.098% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.125% | −0.0120% | 1h | $319K | $412K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.102% | −0.0019% | 4h | $15.5M | $15.8M | 50x | as long as short |
| Extended VIRTUAL-USDshort | −0.091% | +0.0104% | 1h | $55K | $244K | 10x | |
| KuCoin VIRTUALUSDTM | −0.074% | +0.0100% | 4h | $3.0M | $4.2M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.060% | −0.0216% | 1h | $2K | $131 | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.060% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.060% | +0.0100% | 1h | $231K | $178K | 10x | as long as short |
| Binance VIRTUALUSDT | −0.045% | +0.0100% | 4h | $16.3M | $36.9M | 75x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.031% | +0.0059% | 4h | $14K | $1.5M | 10x | as long as short |