Spread before costs (cost unknown: a leg has no order-book sample)+0.269%
7d average—if it closes, per $10,000$27funding while held, a day+$4.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7099 | −0.0056 | get 0.0007% / 1h | 31m 40s | $211 | $8K | 5x |
| Short | Hyperliquid VIRTUAL | 0.7118 | 0.0100 | get 0.0013% / 1h | 31m 40s | $8.8M | $3.7M | 5x |
SoDEX VIRTUAL-USD
Hyperliquid 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
- $26.91
- Funding while held
- $4.68
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $14.58
- Spread needed to break even
- 0.170%
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0156%
- Per $10,000 a day
- +$4.68
- 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 Hyperliquid live order book, 2 min ago | 0.63 bp | 12.7 bp −$13 | 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
Aevo0.7090+5.126%BloFin0.7091+5.145%Phoenix0.7092+5.159%SunX0.7095+5.205%Reya0.7097+5.232%Orderly0.7099+5.264%
Injective
Aevo
BloFin
Phoenix
SunX
Reya
OrderlySoDEX0.7099+5.264%
Deribit0.7100+5.279%gTrade (Gains Network)0.7103+5.320%GMX0.7103+5.320%Polymarket Perps0.7103+5.320%edgeX0.7103+5.323%01 Exchange0.7105+5.353%Aster0.7107+5.382%Backpack0.7110+5.427%Variational Omni0.7110+5.430%Kraken Futures0.7111+5.440%Lighter0.7114+5.480%Bybit0.7115+5.501%Extended0.7116+5.514%MEXC0.7117+5.531%KuCoin0.7117+5.531%BingX0.7117+5.531%Binance0.7117+5.538%OKX0.7118+5.546%
Deribit
gTrade (Gains Network)
GMX
Polymarket Perps
Aster
Backpack
Variational Omni
Kraken Futures
Lighter
Bybit
Extended
MEXC
KuCoin
BingX
Binance
OKXHyperliquid0.7118+5.547%
Gate0.7119+5.560%Bitget0.7121+5.590%ApeX Omni0.7121+5.590%Pacifica0.7121+5.591%Coinbase International0.7131+5.738%
Gate
Bitget
ApeX Omni
Pacifica
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 | −5.001% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Aevo VIRTUAL-PERP | −0.131% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| BloFin VIRTUAL-USDT | −0.113% | +0.0340% | 4h | $828K | $791K | 75x | as long as short |
| Phoenix VIRTUAL | −0.100% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| SunX VIRTUAL-USDT | −0.056% | +0.0100% | 4h | $1K | $1.3M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.030% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | 0.000% | +0.0064% | 4h | $14K | $1.5M | 10x | as long as short |
| SoDEX VIRTUAL-USDlong | 0.000% | −0.0056% | 1h | $211 | $8K | 5x | |
| Deribit VIRTUAL_USDC-PERPETUAL | +0.014% | −0.0172% | 1h | $15K | $40K | 10x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | +0.053% | L +0.0007% / S −0.0004% | 1h | $12K | — | 150x | as long as short |