Spread before costs (cost unknown: a leg has no order-book sample)−0.107%
7d average—if it closes, per $10,000$11funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya VIRTUALRUSDPERP | 0.7014 | −0.0139 | get 0.0017% / 1h | 44m 26s | $23 | — | 10x |
| Short | Variational Omni VIRTUAL | 0.7007 | −0.0135 | pay 0.0068% / 4h | 1h 44m | $527K | $847K | — |
Reya VIRTUALRUSDPERP
Variational Omni 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
- −$10.65
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$16.53
- Spread needed to break even
- 0.060%
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 56 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Variational Omni RFQ quote, 56 min ago | 4.28 bp | doesn't fit | 17.1 bp −$171 | 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.Injective0.6744cheapestBloFin0.7006+3.885%
Injective
BloFinVariational Omni0.7007+3.895%
edgeX0.7007+3.906%Lighter0.7008+3.912%Phoenix0.7008+3.918%ApeX Omni0.7010+3.944%Bybit0.7014+4.004%01 Exchange0.7014+4.004%Backpack0.7014+4.004%SunX0.7014+4.004%
Lighter
Phoenix
ApeX Omni
Bybit
Backpack
SunXReya0.7014+4.006%
Pacifica0.7015+4.013%Aster0.7015+4.016%MEXC0.7015+4.018%KuCoin0.7015+4.018%Binance0.7016+4.033%OKX0.7016+4.033%Gate0.7016+4.033%BingX0.7016+4.033%Orderly0.7016+4.033%SoDEX0.7016+4.041%Extended0.7017+4.053%Aevo0.7017+4.055%Polymarket Perps0.7018+4.060%Deribit0.7019+4.078%Bitget0.7020+4.093%gTrade (Gains Network)0.7020+4.093%GMX0.7020+4.094%Coinbase International0.7021+4.107%Kraken Futures0.7022+4.117%Hyperliquid0.7023+4.140%
Pacifica
Aster
MEXC
KuCoin
Binance
OKX
Gate
BingX
Orderly
SoDEX
Extended
Aevo
Polymarket Perps
Deribit
Bitget
gTrade (Gains Network)
GMX
Coinbase International
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 | −3.851% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| BloFin VIRTUAL-USDT | −0.116% | +0.0340% | 4h | $806K | $762K | 75x | as long as short |
| Variational Omni VIRTUALshort | −0.107% | −0.0135% | 4h | $527K | $847K | — | |
| edgeX VIRTUALUSDC | −0.096% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Lighter VIRTUAL | −0.091% | −0.0392% | 1h | $318K | $389K | 5x | as long as short |
| Phoenix VIRTUAL | −0.085% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.059% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Bybit VIRTUALUSDT | −0.002% | −0.0161% | 4h | $15.3M | $15.6M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.002% | −0.0192% | 1h | $2K | $131 | 10x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.002% | +0.0100% | 1h | $230K | $169K | 10x | as long as short |