Spread before costs (cost unknown: a leg has no order-book sample)−0.241%
7d average—if it closes, per $10,000$24funding while held, a day−$6.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX VIRTUAL-USD | 0.7101 | 0.0100 | pay 0.0013% / 1h | 55m 21s | $209 | $8K | 5x |
| Short | Phoenix VIRTUAL | 0.7084 | −0.0113 | pay 0.0014% / 1h | 55m 21s | $11K | $42K | 5x |
SoDEX VIRTUAL-USD
Phoenix 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
- −$24.08
- Funding while held
- −$6.39
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$45.47
- Spread needed to break even
- 0.150%
Slippage unknown: SoDEX: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0213%
- Per $10,000 a day
- −$6.39
- 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 Phoenix no order-book sample | — | — | — | — | — |
SoDEX and Phoenix: 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
edgeX0.7077+4.940%ApeX Omni0.7080+4.982%BloFin0.7083+5.027%
Injective
ApeX Omni
BloFinPhoenix0.7084+5.044%
Reya0.7092+5.155%01 Exchange0.7097+5.234%MEXC0.7097+5.234%OKX0.7098+5.249%Gate0.7098+5.249%Extended0.7099+5.271%Bybit0.7100+5.279%BingX0.7100+5.279%SunX0.7100+5.279%Polymarket Perps0.7100+5.280%Aevo0.7101+5.291%
Reya
MEXC
OKX
Gate
Extended
Bybit
BingX
SunX
Polymarket Perps
AevoSoDEX0.7101+5.298%
GMX0.7102+5.302%Variational Omni0.7102+5.314%Binance0.7103+5.323%Orderly0.7103+5.323%Deribit0.7103+5.323%gTrade (Gains Network)0.7105+5.350%Bitget0.7105+5.353%Coinbase International0.7105+5.353%Lighter0.7107+5.384%Hyperliquid0.7108+5.394%KuCoin0.7108+5.397%Aster0.7110+5.423%Pacifica0.7111+5.437%Kraken Futures0.7111+5.439%Backpack0.7114+5.486%
GMX
Variational Omni
Binance
Orderly
Deribit
gTrade (Gains Network)
Bitget
Coinbase International
Lighter
Hyperliquid
KuCoin
Aster
Pacifica
Kraken Futures
BackpackVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.031% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.340% | +0.0100% | 4h | $18K | $253K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.300% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| BloFin VIRTUAL-USDT | −0.258% | +0.0340% | 4h | $836K | $774K | 75x | as long as short |
| Phoenix VIRTUALshort | −0.241% | −0.0113% | 1h | $11K | $42K | 5x | |
| Reya VIRTUALRUSDPERP | −0.136% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.061% | −0.0112% | 1h | $2K | $539 | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.061% | +0.0100% | 4h | $16.1M | $3.9M | 100x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.046% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Gate VIRTUAL_USDT | −0.046% | +0.0100% | 4h | $1.4M | $3.0M | 75x | as long as short |