Spread before costs (cost unknown: a leg has no order-book sample)+0.010%
7d average—if it closes, per $10,000$1funding while held, a day+$12.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7050 | −0.0176 | get 0.0022% / 1h | 13m 19s | $406 | $8K | 5x |
| Short | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7050 | L +0.0297% / S −0.0228% | get 0.0029% / 1h | 13m 19s | $30K | — | 100x |
SoDEX VIRTUAL-USD
GMX VIRTUAL/USD [WBTC.b-USDC]Price 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
- $0.96
- Funding while held
- $12.11
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$6.92
- Spread needed to break even
- 0.200%
Slippage unknown: SoDEX: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0404%
- Per $10,000 a day
- +$12.11
- 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 GMX no order-book sample | — | — | — | — | — |
SoDEX and GMX: 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.Injective0.6744cheapestBybit0.7040+4.389%MEXC0.7043+4.434%BingX0.7043+4.434%Reya0.7043+4.441%Extended0.7044+4.448%Gate0.7044+4.448%Binance0.7045+4.463%Lighter0.7046+4.477%OKX0.7046+4.478%01 Exchange0.7046+4.478%Aevo0.7046+4.482%KuCoin0.7047+4.493%Variational Omni0.7048+4.506%Phoenix0.7048+4.508%Orderly0.7048+4.508%BloFin0.7048+4.508%Aster0.7048+4.509%Polymarket Perps0.7049+4.521%Bitget0.7049+4.523%
Injective
Bybit
MEXC
BingX
Reya
Extended
Gate
Binance
Lighter
OKX
Aevo
KuCoin
Variational Omni
Phoenix
Orderly
BloFin
Aster
Polymarket Perps
BitgetSoDEX0.7050+4.533%
GMX0.7050+4.543%
gTrade (Gains Network)0.7052+4.568%Hyperliquid0.7053+4.580%Pacifica0.7054+4.593%SunX0.7054+4.597%edgeX0.7054+4.597%ApeX Omni0.7055+4.612%Backpack0.7056+4.626%Deribit0.7056+4.626%Kraken Futures0.7064+4.752%Coinbase International0.7075+4.908%
gTrade (Gains Network)
Hyperliquid
Pacifica
SunX
ApeX Omni
Backpack
Deribit
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 | −4.336% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.138% | −0.0029% | 4h | $15.5M | $15.8M | 50x | as long as short |
| MEXC VIRTUAL_USDT | −0.095% | +0.0100% | 4h | $15.8M | $4.1M | 100x | as long as short |
| BingX VIRTUAL-USDT | −0.095% | +0.0100% | 4h | — | $8.1M | — | as long as short |
| Reya VIRTUALRUSDPERP | −0.088% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Extended VIRTUAL-USD | −0.081% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Gate VIRTUAL_USDT | −0.081% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| Binance VIRTUALUSDT | −0.067% | +0.0100% | 4h | $16.2M | $36.8M | 75x | as long as short |
| Lighter VIRTUAL | −0.054% | −0.0152% | 1h | $320K | $412K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.052% | +0.0100% | 4h | $2.7M | $10.2M | 20x | as long as short |