Spread before costs (cost unknown: a leg has no order-book sample)−4.799%
7d average—if it closes, per $10,000$480funding while held, a day+$1.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7084 | −0.0026 | get 0.0013% / 4h | 1h 08m | $595K | $781K | — |
| Short | Injective VIRTUAL/USDC PERP | 0.6744 | 0.0033 | get 0.0004% / 1h | 8m 45s | $43 | $105K | 5.5x |
Variational Omni VIRTUAL
Injective VIRTUAL/USDC PERPPrice 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
- −$479.92
- Funding while held
- $1.79
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$478.16
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 47 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0060%
- Per $10,000 a day
- +$1.79
- 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, 47 min ago | 4.94 bp | doesn't fit | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
edgeX0.7072+4.856%Variational Omni0.7084+5.041%
ApeX Omni0.7091+5.145%Phoenix0.7096+5.224%Coinbase International0.7098+5.249%SunX0.7105+5.353%Extended0.7105+5.354%BloFin0.7106+5.368%Aevo0.7107+5.387%SoDEX0.7108+5.393%Orderly0.7108+5.397%Deribit0.7108+5.397%01 Exchange0.7109+5.412%Reya0.7111+5.441%Aster0.7112+5.457%OKX0.7112+5.457%BingX0.7112+5.457%Gate0.7113+5.472%gTrade (Gains Network)0.7114+5.479%Bybit0.7114+5.486%MEXC0.7115+5.501%KuCoin0.7115+5.501%Backpack0.7115+5.501%GMX0.7115+5.506%Polymarket Perps0.7115+5.507%Binance0.7117+5.530%Bitget0.7117+5.531%Pacifica0.7118+5.552%Lighter0.7119+5.556%Kraken Futures0.7120+5.579%Hyperliquid0.7127+5.672%
ApeX Omni
Phoenix
Coinbase International
SunX
Extended
BloFin
Aevo
SoDEX
Orderly
Deribit
Reya
Aster
OKX
BingX
Gate
gTrade (Gains Network)
Bybit
MEXC
KuCoin
Backpack
GMX
Polymarket Perps
Binance
Bitget
Pacifica
Lighter
Kraken Futures
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERPshort | −4.799% | +0.0033% | 1h | $43 | $105K | 5.5x | |
| edgeX VIRTUALUSDC | −0.176% | +0.0100% | 4h | $18K | $253K | 10x | as long as short |
| Variational Omni VIRTUALlong | 0.000% | −0.0026% | 4h | $595K | $781K | — | |
| ApeX Omni VIRTUALUSDT | +0.099% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Phoenix VIRTUAL | +0.174% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | +0.198% | +0.0400% | 1h | $194K | $148K | 50x | as long as short |
| SunX VIRTUAL-USDT | +0.297% | +0.0100% | 4h | $2K | $1.2M | 20x | as long as short |
| Extended VIRTUAL-USD | +0.298% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| BloFin VIRTUAL-USDT | +0.311% | +0.0340% | 4h | $842K | $769K | 75x | as long as short |
| Aevo VIRTUAL-PERP | +0.329% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |