Spread before costs (cost unknown: a leg has no order-book sample)+0.113%
7d average+0.006%if it closes, per $10,000$11funding while held, a day+$7.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.6960 | −0.0138 | get 0.0069% / 4h | 1h 59m | $522K | $847K | — |
| Short | Binance VIRTUALUSDT | 0.6968 | 0.0100 | get 0.0050% / 4h | 1h 59m | $15.8M | $36.0M | 75x |
Variational Omni VIRTUAL
Binance VIRTUALUSDTPrice 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
- $11.29
- Funding while held
- $7.13
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $8.42
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 41 min ago; Binance: live order book, 14 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0238%
- Per $10,000 a day
- +$7.13
- 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 Variational Omni RFQ quote, 41 min ago | 4.28 bp | doesn't fit | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.71 bp | 10.2 bp −$10 | 24.5 bp −$245 | 95.4 bp −$9,542 | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestApeX Omni0.6941+2.921%edgeX0.6942+2.936%Phoenix0.6945+2.977%Reya0.6959+3.189%
Injective
ApeX Omni
Phoenix
ReyaVariational Omni0.6960+3.205%
SoDEX0.6960+3.210%SunX0.6961+3.218%Aevo0.6962+3.227%Polymarket Perps0.6962+3.230%Orderly0.6962+3.233%Deribit0.6963+3.247%BloFin0.6964+3.262%Lighter0.6964+3.264%Gate0.6965+3.277%gTrade (Gains Network)0.6966+3.293%GMX0.6966+3.295%Backpack0.6967+3.307%Aster0.6967+3.312%
SoDEX
SunX
Aevo
Polymarket Perps
Orderly
Deribit
BloFin
Lighter
Gate
gTrade (Gains Network)
GMX
Backpack
AsterBinance0.6968+3.322%
Bybit0.6970+3.351%OKX0.6970+3.351%KuCoin0.6970+3.351%01 Exchange0.6971+3.366%Pacifica0.6972+3.375%Extended0.6972+3.378%BingX0.6973+3.396%Kraken Futures0.6973+3.398%MEXC0.6974+3.410%Hyperliquid0.6975+3.419%Bitget0.6975+3.425%Coinbase International0.6975+3.425%
Bybit
OKX
KuCoin
Pacifica
Extended
BingX
Kraken Futures
MEXC
Hyperliquid
Bitget
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 | −3.106% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.275% | +0.0065% | 1h | $40K | $241K | 50x | as long as short |
| edgeX VIRTUALUSDC | −0.261% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Phoenix VIRTUAL | −0.221% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.015% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Variational Omni VIRTUALlong | 0.000% | −0.0138% | 4h | $522K | $847K | — | |
| SoDEX VIRTUAL-USD | +0.005% | −0.0024% | 1h | $1K | $9K | 5x | as long as short |
| SunX VIRTUAL-USDT | +0.012% | +0.0100% | 4h | $1K | $1.2M | 20x | as long as short |
| Aevo VIRTUAL-PERP | +0.021% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.024% | +0.0100% | 1h | $33K | $765K | 5x | as long as short |