Spread before costs (cost unknown: a leg has no order-book sample)+0.430%
7d average+0.010%if it closes, per $10,000$43funding while held, a day+$2.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7001 | −0.0031 | get 0.0015% / 4h | 17m 56s | $591K | $801K | — |
| Short | Orderly PERP_VIRTUAL_USDC | 0.7031 | 0.0065 | get 0.0032% / 4h | 17m 56s | $14K | $1.5M | 10x |
Variational Omni VIRTUAL
Orderly PERP_VIRTUAL_USDCPrice 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
- $42.99
- Funding while held
- $2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $39.86
- Spread needed to break even
- 0.060%
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.88
- 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, 33 min ago | 3.50 bp | doesn't fit | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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
InjectiveVariational Omni0.7001+3.809%
edgeX0.7011+3.959%ApeX Omni0.7013+3.989%Phoenix0.7025+4.168%Reya0.7027+4.198%
ApeX Omni
Phoenix
ReyaOrderly0.7031+4.256%
Deribit0.7032+4.270%Aevo0.7032+4.272%GMX0.7033+4.285%Lighter0.7033+4.285%01 Exchange0.7033+4.285%gTrade (Gains Network)0.7034+4.299%SunX0.7035+4.315%Extended0.7035+4.322%Bybit0.7037+4.345%OKX0.7037+4.345%Binance0.7039+4.373%BloFin0.7039+4.374%Pacifica0.7040+4.382%Polymarket Perps0.7040+4.383%MEXC0.7040+4.389%BingX0.7040+4.389%Hyperliquid0.7040+4.391%SoDEX0.7040+4.395%Gate0.7042+4.419%KuCoin0.7042+4.419%Bitget0.7042+4.419%Kraken Futures0.7043+4.440%Backpack0.7044+4.448%Aster0.7046+4.483%Coinbase International0.7052+4.567%
Deribit
Aevo
GMX
Lighter
gTrade (Gains Network)
SunX
Extended
Bybit
OKX
Binance
BloFin
Pacifica
Polymarket Perps
MEXC
BingX
Hyperliquid
SoDEX
Gate
KuCoin
Bitget
Kraken Futures
Backpack
Aster
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 | −3.670% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUALlong | 0.000% | −0.0031% | 4h | $591K | $801K | — | |
| edgeX VIRTUALUSDC | +0.144% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | +0.173% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | +0.346% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | +0.375% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Orderly PERP_VIRTUAL_USDCshort | +0.430% | +0.0065% | 4h | $14K | $1.5M | 10x | |
| Deribit VIRTUAL_USDC-PERPETUAL | +0.444% | −0.0176% | 1h | $25K | $30K | 10x | as long as short |
| Aevo VIRTUAL-PERP | +0.445% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | +0.458% | L +0.0296% / S −0.0228% | 1h | $30K | — | 100x | as long as short |