Spread before costs (cost unknown: a leg has no order-book sample)+0.042%
7d average—if it closes, per $10,000$4funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7119 | 0.0100 | pay 0.0013% / 1h | 5m 30s | $212 | $8K | 5x |
| Short | Backpack VIRTUAL_USDC_PERP | 0.7122 | 0.0100 | get 0.0013% / 1h | 5m 30s | $232K | $166K | 10x |
SoDEX VIRTUAL-USD
Backpack VIRTUAL_USDC_PERPPrice 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
- $4.21
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$13.79
- Spread needed to break even
- 0.180%
Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 49 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 49 min ago | 1.42 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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.Injective0.6744cheapest
ApeX Omni0.7091+5.145%edgeX0.7101+5.300%Phoenix0.7111+5.442%MEXC0.7112+5.457%01 Exchange0.7115+5.501%Lighter0.7116+5.515%BloFin0.7116+5.516%Extended0.7116+5.522%KuCoin0.7117+5.531%BingX0.7117+5.531%Binance0.7118+5.540%OKX0.7118+5.546%Gate0.7118+5.546%Pacifica0.7118+5.549%Bybit0.7119+5.560%Bitget0.7119+5.560%
Injective
ApeX Omni
Phoenix
MEXC
Lighter
BloFin
Extended
KuCoin
BingX
Binance
OKX
Gate
Pacifica
Bybit
BitgetSoDEX0.7119+5.560%
Aster0.7120+5.581%
AsterBackpack0.7122+5.605%
SunX0.7122+5.605%Hyperliquid0.7124+5.627%Orderly0.7125+5.649%Deribit0.7125+5.649%Aevo0.7126+5.663%Coinbase International0.7126+5.664%Reya0.7128+5.688%gTrade (Gains Network)0.7128+5.692%GMX0.7129+5.708%Variational Omni0.7130+5.726%Polymarket Perps0.7134+5.778%Kraken Futures0.7136+5.813%
SunX
Hyperliquid
Orderly
Deribit
Aevo
Coinbase International
Reya
gTrade (Gains Network)
GMX
Variational Omni
Polymarket Perps
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.268% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.393% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.246% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Phoenix VIRTUAL | −0.112% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| MEXC VIRTUAL_USDT | −0.098% | +0.0100% | 4h | $16.0M | $3.8M | 100x | as long as short |
| 01 Exchange VIRTUALUSD | −0.056% | −0.0184% | 1h | $2K | $539 | 10x | as long as short |
| Lighter VIRTUAL | −0.044% | +0.0096% | 1h | $332K | $323K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.042% | +0.0340% | 4h | $837K | $774K | 75x | as long as short |
| Extended VIRTUAL-USD | −0.036% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| KuCoin VIRTUALUSDTM | −0.028% | +0.0100% | 4h | $3.0M | $4.2M | 50x | as long as short |