Spread before costs (cost unknown: a leg has no order-book sample)+0.314%
7d average+0.029%if it closes, per $10,000$31funding while held, a day+$3.65
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7035 | −0.0022 | get 0.0011% / 4h | 15m 16s | $592K | $801K | — |
| Short | OKX VIRTUAL-USDT-SWAP | 0.7057 | 0.0100 | get 0.0050% / 4h | 15m 16s | $2.8M | $10.3M | 20x |
Variational Omni VIRTUAL
OKX VIRTUAL-USDT-SWAPPrice 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
- $31.41
- Funding while held
- $3.65
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $25.06
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, 35 min ago; OKX: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0122%
- Per $10,000 a day
- +$3.65
- 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, 35 min ago | 3.50 bp | doesn't fit | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.42 bp | 13.4 bp −$13 | 43.2 bp −$432 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestPhoenix0.7025+4.168%edgeX0.7033+4.292%
Injective
PhoenixVariational Omni0.7035+4.313%
SoDEX0.7040+4.385%ApeX Omni0.7042+4.419%Pacifica0.7043+4.429%Backpack0.7045+4.463%01 Exchange0.7046+4.478%Gate0.7047+4.493%Reya0.7048+4.509%Aevo0.7050+4.530%Extended0.7050+4.533%Orderly0.7050+4.537%Aster0.7051+4.545%Lighter0.7051+4.551%Polymarket Perps0.7051+4.558%Bybit0.7052+4.567%Deribit0.7052+4.567%BloFin0.7052+4.567%MEXC0.7053+4.582%KuCoin0.7053+4.582%gTrade (Gains Network)0.7054+4.592%Hyperliquid0.7054+4.597%BingX0.7054+4.597%GMX0.7055+4.609%Binance0.7055+4.612%Coinbase International0.7055+4.612%SunX0.7056+4.626%
SoDEX
ApeX Omni
Pacifica
Backpack
Gate
Reya
Aevo
Extended
Orderly
Aster
Lighter
Polymarket Perps
Bybit
Deribit
BloFin
MEXC
KuCoin
gTrade (Gains Network)
Hyperliquid
BingX
GMX
Binance
Coinbase International
SunXOKX0.7057+4.641%
Bitget0.7057+4.641%Kraken Futures0.7064+4.740%
Bitget
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.135% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.139% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.020% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| Variational Omni VIRTUALlong | 0.000% | −0.0022% | 4h | $592K | $801K | — | |
| SoDEX VIRTUAL-USD | +0.068% | +0.0100% | 1h | $205 | $8K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.101% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Pacifica VIRTUAL | +0.110% | +0.0100% | 1h | $72K | $42K | 5x | as long as short |
| Backpack VIRTUAL_USDC_PERP | +0.144% | +0.0100% | 1h | $235K | $169K | 10x | as long as short |
| 01 Exchange VIRTUALUSD | +0.158% | −0.0160% | 1h | $2K | $539 | 10x | as long as short |
| Gate VIRTUAL_USDT | +0.172% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |