Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day−$1.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7084 | 0.0100 | pay 0.0013% / 1h | 5m 10s | $206 | $8K | 5x |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7084 | 0.0065 | get 0.0033% / 4h | 5m 10s | $14K | $1.5M | 10x |
SoDEX VIRTUAL-USD
Orderly PERP_VIRTUAL_USDCPrice 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
- Funding while held
- −$1.04
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$15.04
- Spread needed to break even
- 0.140%
Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.04
- 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 Orderly no order-book sample | — | — | — | — | — |
SoDEX and Orderly: 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.Injective0.6744cheapestedgeX0.7075+4.910%ApeX Omni0.7079+4.967%Lighter0.7079+4.975%Variational Omni0.7081+4.992%01 Exchange0.7081+4.997%Reya0.7082+5.008%OKX0.7082+5.012%BingX0.7082+5.012%Binance0.7083+5.027%Bybit0.7083+5.027%Gate0.7083+5.027%Extended0.7083+5.030%Aevo0.7084+5.037%MEXC0.7084+5.042%
Injective
ApeX Omni
Lighter
Variational Omni
Reya
OKX
BingX
Binance
Bybit
Gate
Extended
Aevo
MEXCOrderly0.7084+5.042%
SoDEX0.7084+5.042%
Aster0.7085+5.050%BloFin0.7085+5.056%Backpack0.7086+5.071%SunX0.7086+5.071%Deribit0.7086+5.071%Phoenix0.7087+5.082%GMX0.7087+5.085%Pacifica0.7087+5.085%KuCoin0.7087+5.086%Bitget0.7087+5.086%Polymarket Perps0.7088+5.098%gTrade (Gains Network)0.7088+5.105%Hyperliquid0.7092+5.163%Kraken Futures0.7097+5.234%Coinbase International0.7099+5.264%
Aster
BloFin
Backpack
SunX
Deribit
Phoenix
GMX
Pacifica
KuCoin
Bitget
Polymarket Perps
gTrade (Gains Network)
Hyperliquid
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 | −4.800% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.125% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.071% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Lighter VIRTUAL | −0.064% | +0.0096% | 1h | $323K | $378K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.047% | −0.0001% | 4h | $595K | $801K | — | as long as short |
| 01 Exchange VIRTUALUSD | −0.042% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.032% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.028% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.028% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Binance VIRTUALUSDT | −0.014% | +0.0100% | 4h | $16.4M | $37.3M | 75x | as long as short |