Spread before costs (cost unknown: a leg has no order-book sample)−0.213%
7d average—if it closes, per $10,000$21funding while held, a day−$10.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7110 | 0.0052 | pay 0.0026% / 4h | 3h 33m | $601K | $803K | — |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7095 | −0.0313 | pay 0.0039% / 1h | 33m 16s | $15K | $40K | 10x |
Variational Omni VIRTUAL
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
- −$21.35
- Funding while held
- −$10.97
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$39.32
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 12 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0366%
- Per $10,000 a day
- −$10.97
- 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, 12 min ago | 4.23 bp | doesn't fit | 19.7 bp −$197 | 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.Injective0.6744cheapest
Lighter0.7089+5.117%Aevo0.7090+5.126%Bybit0.7090+5.130%SunX0.7090+5.130%BloFin0.7091+5.145%Reya0.7091+5.150%Phoenix0.7092+5.159%OKX0.7092+5.160%01 Exchange0.7092+5.160%Extended0.7093+5.174%Binance0.7093+5.175%BingX0.7093+5.175%SoDEX0.7094+5.182%Gate0.7094+5.190%MEXC0.7094+5.190%Orderly0.7094+5.190%
Injective
Lighter
Aevo
Bybit
SunX
BloFin
Reya
Phoenix
OKX
Extended
Binance
BingX
SoDEX
Gate
MEXC
OrderlyDeribit0.7095+5.205%
KuCoin0.7096+5.219%Bitget0.7096+5.219%Backpack0.7097+5.234%Polymarket Perps0.7097+5.240%Aster0.7098+5.246%GMX0.7099+5.266%gTrade (Gains Network)0.7099+5.267%edgeX0.7103+5.323%Hyperliquid0.7103+5.326%Kraken Futures0.7105+5.350%Pacifica0.7106+5.367%
KuCoin
Bitget
Backpack
Polymarket Perps
Aster
GMX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
PacificaVariational Omni0.7110+5.430%
ApeX Omni0.7121+5.590%Coinbase International0.7131+5.738%
ApeX 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 | −5.150% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.296% | −0.0024% | 1h | $322K | $411K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.288% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Bybit VIRTUALUSDT | −0.284% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| SunX VIRTUAL-USDT | −0.284% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.270% | +0.0340% | 4h | $828K | $791K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.265% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Phoenix VIRTUAL | −0.257% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.256% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| 01 Exchange VIRTUALUSD | −0.256% | −0.0168% | 1h | $2K | $131 | 10x | as long as short |