Spread before costs (cost unknown: a leg has no order-book sample)+1.066%
7d average—if it closes, per $10,000$107funding while held, a day−$8.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX VIRTUAL-USDT | 0.7005 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $1K | $1.2M | 20x |
| Short | Phoenix VIRTUAL | 0.7080 | −0.0181 | pay 0.0023% / 1h | 53m 10s | $11K | $43K | 5x |
SunX VIRTUAL-USDT
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
- $106.64
- Funding while held
- −$8.43
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $81.21
- Spread needed to break even
- 0.170%
Slippage unknown: SunX: live order book, 7 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0281%
- Per $10,000 a day
- −$8.43
- 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 | 500.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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.Injective0.6744cheapest01 Exchange0.6977+3.455%Aevo0.6986+3.586%BloFin0.6986+3.588%Reya0.6987+3.607%Orderly0.6988+3.618%Polymarket Perps0.6990+3.654%Deribit0.6991+3.663%Extended0.6992+3.671%Aster0.6993+3.691%GMX0.6994+3.704%MEXC0.6994+3.707%gTrade (Gains Network)0.6994+3.711%SoDEX0.6995+3.714%Bybit0.6995+3.722%Lighter0.6995+3.725%Binance0.6998+3.766%Gate0.6998+3.766%OKX0.7000+3.796%Backpack0.7002+3.826%BingX0.7004+3.855%Kraken Futures0.7004+3.862%KuCoin0.7005+3.870%Bitget0.7005+3.870%
Injective
Aevo
BloFin
Reya
Orderly
Polymarket Perps
Deribit
Extended
Aster
GMX
MEXC
gTrade (Gains Network)
SoDEX
Bybit
Lighter
Binance
Gate
OKX
Backpack
BingX
Kraken Futures
KuCoin
BitgetSunX0.7005+3.870%
Pacifica0.7006+3.887%Hyperliquid0.7013+3.986%edgeX0.7063+4.725%ApeX Omni0.7067+4.789%
Pacifica
Hyperliquid
ApeX OmniPhoenix0.7080+4.978%
Variational Omni0.7097+5.241%Coinbase International0.7107+5.383%
Variational Omni
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 | −3.726% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.400% | −0.0264% | 1h | $2K | $539 | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.274% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| BloFin VIRTUAL-USDT | −0.271% | +0.0340% | 4h | $831K | $740K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.253% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.243% | +0.0074% | 4h | $14K | $1.5M | 10x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.208% | −0.0712% | 1h | $30K | $778K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.200% | −0.0608% | 1h | $15K | $20K | 10x | as long as short |
| Extended VIRTUAL-USD | −0.192% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Aster VIRTUALUSDT | −0.173% | +0.0100% | 4h | $181K | $80K | 20x | as long as short |