Spread before costs (cost unknown: a leg has no order-book sample)−0.067%
7d average—if it closes, per $10,000$7funding while held, a day−$6.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7014 | −0.0067 | get 0.0008% / 1h | 34m 05s | $1K | $9K | 5x |
| Short | Bybit VIRTUALUSDT | 0.7009 | −0.0274 | pay 0.0137% / 4h | 2h 34m | $15.4M | $15.5M | 50x |
SoDEX VIRTUAL-USD
Bybit VIRTUALUSDTPrice 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
- −$6.7
- Funding while held
- −$6.22
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.92
- Spread needed to break even
- 0.190%
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0207%
- Per $10,000 a day
- −$6.22
- 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 Bybit live order book, 1 min ago | 0.71 bp | 10.5 bp −$11 | 21.9 bp −$219 | 130.8 bp −$13.1K | 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
InjectiveBybit0.7009+3.929%
OKX0.7009+3.929%Binance0.7010+3.947%Variational Omni0.7011+3.959%Lighter0.7013+3.992%Extended0.7013+3.995%
OKX
Binance
Variational Omni
Lighter
ExtendedSoDEX0.7014+3.999%
Reya0.7014+4.002%Phoenix0.7015+4.011%Aevo0.7015+4.018%MEXC0.7016+4.033%Deribit0.7017+4.048%Gate0.7018+4.063%Orderly0.7018+4.063%01 Exchange0.7019+4.078%Backpack0.7019+4.078%GMX0.7019+4.081%BingX0.7020+4.093%ApeX Omni0.7021+4.107%Polymarket Perps0.7021+4.113%gTrade (Gains Network)0.7021+4.114%KuCoin0.7022+4.122%Hyperliquid0.7023+4.131%Aster0.7023+4.131%Bitget0.7023+4.137%SunX0.7024+4.152%Pacifica0.7025+4.169%BloFin0.7026+4.181%Kraken Futures0.7026+4.187%edgeX0.7028+4.214%Coinbase International0.7113+5.472%
Reya
Phoenix
Aevo
MEXC
Deribit
Gate
Orderly
Backpack
GMX
BingX
ApeX Omni
Polymarket Perps
gTrade (Gains Network)
KuCoin
Hyperliquid
Aster
Bitget
SunX
Pacifica
BloFin
Kraken Futures
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 | −3.845% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDTshort | −0.067% | −0.0274% | 4h | $15.4M | $15.5M | 50x | |
| OKX VIRTUAL-USDT-SWAP | −0.067% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| Binance VIRTUALUSDT | −0.050% | +0.0100% | 4h | $16.0M | $36.1M | 75x | as long as short |
| Variational Omni VIRTUAL | −0.038% | −0.0110% | 4h | $564K | $811K | — | as long as short |
| Lighter VIRTUAL | −0.007% | −0.0168% | 1h | $319K | $389K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.004% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| SoDEX VIRTUAL-USDlong | 0.000% | −0.0067% | 1h | $1K | $9K | 5x | |
| Reya VIRTUALRUSDPERP | +0.003% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Phoenix VIRTUAL | +0.011% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |