Spread before costs (cost unknown: a leg has no order-book sample)−0.071%
7d average—if it closes, per $10,000$7funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX VIRTUAL-USDT | 0.7023 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $2K | $1.2M | 20x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7018 | 0 | get 0.0000% / 1h | 13m 42s | $15K | $40K | 10x |
SunX VIRTUAL-USDT
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$7.12
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.12
- Spread needed to break even
- 0.170%
Slippage unknown: SunX: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 SunX live order book, 7 min ago | 501.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Phoenix0.6988cheapestInjective0.6992+0.059%Bybit0.7011+0.331%Lighter0.7012+0.345%OKX0.7012+0.345%edgeX0.7012+0.346%Binance0.7013+0.359%Reya0.7014+0.370%ApeX Omni0.7014+0.374%Extended0.7014+0.378%MEXC0.7015+0.388%SoDEX0.7016+0.399%Bitget0.7017+0.416%BingX0.7017+0.416%Orderly0.7017+0.416%Aevo0.7017+0.421%Gate0.7018+0.431%KuCoin0.7018+0.431%
Phoenix
Injective
Bybit
Lighter
OKX
Binance
Reya
ApeX Omni
Extended
MEXC
SoDEX
Bitget
BingX
Orderly
Aevo
Gate
KuCoinDeribit0.7018+0.431%
Pacifica0.7019+0.445%01 Exchange0.7019+0.445%Backpack0.7019+0.445%BloFin0.7020+0.459%GMX0.7020+0.462%Aster0.7020+0.466%Polymarket Perps0.7022+0.484%Variational Omni0.7022+0.484%gTrade (Gains Network)0.7023+0.501%
Pacifica
Backpack
BloFin
GMX
Aster
Polymarket Perps
Variational Omni
gTrade (Gains Network)SunX0.7023+0.502%
Hyperliquid0.7023+0.508%Kraken Futures0.7026+0.544%Coinbase International0.7033+0.645%
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 | |
|---|---|---|---|---|---|---|---|
| Phoenix VIRTUAL | −0.500% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Injective VIRTUAL/USDC PERP | −0.441% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.171% | −0.0081% | 4h | $15.2M | $15.4M | 50x | as long as short |
| Lighter VIRTUAL | −0.157% | −0.0176% | 1h | $319K | $389K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.157% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| edgeX VIRTUALUSDC | −0.155% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Binance VIRTUALUSDT | −0.142% | +0.0100% | 4h | $15.9M | $35.7M | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.132% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.128% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Extended VIRTUAL-USD | −0.124% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |