Spread before costs (cost unknown: a leg has no order-book sample)+0.083%
7d average—if it closes, per $10,000$8funding while held, a day+$0.78
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7016 | 0.0074 | pay 0.0009% / 1h | 42m 34s | $1K | $9K | 5x |
| Short | Pacifica VIRTUAL | 0.7021 | 0.0100 | get 0.0013% / 1h | 42m 34s | $72K | $41K | 5x |
SoDEX VIRTUAL-USD
Pacifica 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
- $8.25
- Funding while held
- $0.78
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$6.96
- Spread needed to break even
- 0.160%
Slippage unknown: SoDEX: no order-book sample; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0026%
- Per $10,000 a day
- +$0.78
- 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 Pacifica no order-book sample | — | — | — | — | — |
SoDEX and Pacifica: 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.Injective0.6744cheapestVariational Omni0.7007+3.895%Phoenix0.7008+3.918%ApeX Omni0.7010+3.944%edgeX0.7011+3.953%Extended0.7013+3.983%Lighter0.7013+3.989%Bybit0.7013+3.989%OKX0.7013+3.989%Reya0.7014+4.006%Binance0.7015+4.018%BingX0.7015+4.018%BloFin0.7015+4.018%
Injective
Variational Omni
Phoenix
ApeX Omni
Extended
Lighter
Bybit
OKX
Reya
Binance
BingX
BloFinSoDEX0.7016+4.029%
01 Exchange0.7016+4.033%Aevo0.7017+4.042%Gate0.7018+4.063%MEXC0.7018+4.063%Orderly0.7018+4.063%Polymarket Perps0.7019+4.072%Bitget0.7019+4.078%KuCoin0.7020+4.093%Deribit0.7020+4.093%
Aevo
Gate
MEXC
Orderly
Polymarket Perps
Bitget
KuCoin
DeribitPacifica0.7021+4.115%
Aster0.7022+4.117%GMX0.7022+4.118%gTrade (Gains Network)0.7022+4.122%Backpack0.7023+4.137%Hyperliquid0.7023+4.141%SunX0.7024+4.152%Kraken Futures0.7027+4.200%Coinbase International0.7033+4.285%
Aster
GMX
gTrade (Gains Network)
Backpack
Hyperliquid
SunX
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 | −3.873% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.129% | −0.0135% | 4h | $527K | $847K | — | as long as short |
| Phoenix VIRTUAL | −0.107% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.081% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.073% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Extended VIRTUAL-USD | −0.044% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| Lighter VIRTUAL | −0.038% | −0.0368% | 1h | $319K | $389K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.038% | −0.0149% | 4h | $15.3M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.038% | +0.0100% | 4h | $2.7M | $9.6M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.022% | −0.0139% | 1h | $23 | — | 10x | as long as short |