Spread before costs (cost unknown: a leg has no order-book sample)−0.253%
7d average—if it closes, per $10,000$25funding while held, a day+$6.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7031 | −0.0119 | get 0.0059% / 4h | 2h 24m | $564K | $811K | — |
| Short | Pacifica VIRTUAL | 0.7013 | 0.0100 | get 0.0013% / 1h | 24m 08s | $72K | $41K | 5x |
Variational Omni VIRTUAL
Pacifica 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
- −$25.26
- Funding while held
- $6.56
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$26.7
- Spread needed to break even
- 0.080%
Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0219%
- Per $10,000 a day
- +$6.56
- 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, 16 min ago | 4.28 bp | doesn't fit | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Injective0.6744cheapestBybit0.7004+3.855%Lighter0.7005+3.875%OKX0.7007+3.900%BingX0.7007+3.900%Binance0.7009+3.925%Reya0.7009+3.929%SoDEX0.7009+3.929%Orderly0.7010+3.944%Aevo0.7011+3.953%Extended0.7011+3.954%01 Exchange0.7011+3.959%MEXC0.7011+3.959%Gate0.7012+3.974%Deribit0.7012+3.974%Polymarket Perps0.7013+3.986%
Injective
Bybit
Lighter
OKX
BingX
Binance
Reya
SoDEX
Orderly
Aevo
Extended
MEXC
Gate
Deribit
Polymarket PerpsPacifica0.7013+3.991%
Aster0.7013+3.991%gTrade (Gains Network)0.7013+3.991%GMX0.7013+3.992%KuCoin0.7014+4.004%Backpack0.7014+4.004%SunX0.7014+4.004%Hyperliquid0.7014+4.009%Bitget0.7015+4.018%Phoenix0.7015+4.021%BloFin0.7016+4.033%ApeX Omni0.7017+4.048%edgeX0.7018+4.062%Kraken Futures0.7022+4.128%
Aster
gTrade (Gains Network)
GMX
KuCoin
Backpack
SunX
Hyperliquid
Bitget
Phoenix
BloFin
ApeX Omni
Kraken FuturesVariational Omni0.7031+4.254%
Coinbase International0.7113+5.472%
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 | −4.080% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.382% | −0.0229% | 4h | $15.4M | $15.4M | 50x | as long as short |
| Lighter VIRTUAL | −0.364% | −0.0128% | 1h | $318K | $389K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.340% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.340% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Binance VIRTUALUSDT | −0.315% | +0.0100% | 4h | $16.0M | $35.9M | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.312% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.311% | +0.0002% | 1h | $1K | $9K | 5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.297% | +0.0059% | 4h | $14K | $1.5M | 10x | as long as short |
| Aevo VIRTUAL-PERP | −0.289% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |