Spread before costs (cost unknown: a leg has no order-book sample)+0.294%
7d average+0.110%if it closes, per $10,000$29funding while held, a day+$6.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7120 | 0.0090 | pay 0.0045% / 4h | 2h 41m | $715K | $571K | — |
| Short | Hyperliquid VIRTUAL | 0.7141 | 0.0301 | get 0.0038% / 1h | 41m 14s | $9.7M | $2.7M | 5x |
Variational Omni VIRTUAL
Hyperliquid 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
- $29.4
- Funding while held
- $6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $26.73
- Spread needed to break even
- 0.090%
Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0211%
- Per $10,000 a day
- +$6.33
- 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, 19 min ago | 4.23 bp | doesn't fit | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.28 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
edgeX0.7115+5.496%Backpack0.7119+5.560%ApeX Omni0.7119+5.560%
Injective
Backpack
ApeX OmniVariational Omni0.7120+5.575%
Phoenix0.7120+5.583%Aevo0.7125+5.651%Polymarket Perps0.7125+5.655%BloFin0.7126+5.664%Reya0.7126+5.664%Extended0.7126+5.669%BingX0.7127+5.679%Orderly0.7127+5.679%SoDEX0.7127+5.687%Binance0.7128+5.693%01 Exchange0.7128+5.694%Lighter0.7129+5.709%Bybit0.7129+5.709%KuCoin0.7129+5.709%OKX0.7130+5.724%Gate0.7130+5.724%MEXC0.7130+5.724%Deribit0.7130+5.724%SunX0.7131+5.738%gTrade (Gains Network)0.7132+5.749%Bitget0.7132+5.753%Kraken Futures0.7133+5.761%GMX0.7133+5.762%Pacifica0.7133+5.768%Aster0.7133+5.770%
Phoenix
Aevo
Polymarket Perps
BloFin
Reya
Extended
BingX
Orderly
SoDEX
Binance
Lighter
Bybit
KuCoin
OKX
Gate
MEXC
Deribit
SunX
gTrade (Gains Network)
Bitget
Kraken Futures
GMX
Pacifica
AsterHyperliquid0.7141+5.885%
Coinbase International0.7152+6.050%
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 | −5.280% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.074% | +0.0100% | 4h | $19K | $250K | 10x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.014% | +0.0100% | 1h | $234K | $155K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.014% | +0.0084% | 1h | $42K | $226K | 50x | as long as short |
| Variational Omni VIRTUALlong | 0.000% | +0.0090% | 4h | $715K | $571K | — | |
| Phoenix VIRTUAL | +0.007% | −0.0101% | 1h | $12K | $42K | 5x | as long as short |
| Aevo VIRTUAL-PERP | +0.072% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Polymarket Perps VIRTUAL-USD | +0.076% | −0.0425% | 1h | $34K | $708K | 5x | as long as short |
| BloFin VIRTUAL-USDT | +0.085% | +0.0340% | 4h | $850K | $706K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | +0.085% | −0.0139% | 1h | $24 | — | 10x | as long as short |