Spread before costs (cost unknown: a leg has no order-book sample)−0.093%
7d average—if it closes, per $10,000$9funding while held, a day−$0.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7025 | −0.0136 | get 0.0068% / 4h | 57m 51s | $529K | $847K | — |
| Short | Reya VIRTUALRUSDPERP | 0.7018 | −0.0139 | pay 0.0017% / 1h | 57m 51s | $24 | — | 10x |
Variational Omni VIRTUAL
Reya VIRTUALRUSDPERPPrice 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
- −$9.27
- Funding while held
- −$0.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$15.36
- Spread needed to break even
- 0.060%
Slippage unknown: Variational Omni: RFQ quote, 38 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0003%
- Per $10,000 a day
- −$0.09
- 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, 38 min ago | 4.29 bp | doesn't fit | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective0.6992cheapestBybit0.7013+0.300%Lighter0.7015+0.330%OKX0.7018+0.372%01 Exchange0.7018+0.372%
Injective
Bybit
Lighter
OKXReya0.7018+0.374%
Binance0.7018+0.375%Extended0.7018+0.376%SoDEX0.7018+0.379%MEXC0.7019+0.386%Orderly0.7019+0.386%Aevo0.7019+0.387%BingX0.7020+0.400%Backpack0.7020+0.400%KuCoin0.7021+0.415%SunX0.7021+0.415%Deribit0.7021+0.415%GMX0.7021+0.421%Gate0.7022+0.429%BloFin0.7022+0.429%Polymarket Perps0.7022+0.432%Pacifica0.7022+0.435%Bitget0.7023+0.443%Aster0.7023+0.449%gTrade (Gains Network)0.7023+0.450%
Binance
Extended
SoDEX
MEXC
Orderly
Aevo
BingX
Backpack
KuCoin
SunX
Deribit
GMX
Gate
BloFin
Polymarket Perps
Pacifica
Bitget
Aster
gTrade (Gains Network)Variational Omni0.7025+0.467%
Hyperliquid0.7027+0.505%edgeX0.7028+0.514%ApeX Omni0.7032+0.572%Kraken Futures0.7033+0.580%Phoenix0.7041+0.701%Coinbase International0.7045+0.758%
Hyperliquid
ApeX Omni
Kraken Futures
Phoenix
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 | −0.465% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.166% | −0.0062% | 4h | $15.2M | $15.3M | 50x | as long as short |
| Lighter VIRTUAL | −0.136% | −0.0264% | 1h | $319K | $388K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.095% | +0.0100% | 4h | $2.7M | $9.4M | 20x | as long as short |
| 01 Exchange VIRTUALUSD | −0.095% | −0.0096% | 1h | $2K | $131 | 10x | as long as short |
| Reya VIRTUALRUSDPERPshort | −0.093% | −0.0139% | 1h | $24 | — | 10x | |
| Binance VIRTUALUSDT | −0.092% | +0.0100% | 4h | $16.0M | $35.8M | 75x | as long as short |
| Extended VIRTUAL-USD | −0.091% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.088% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |
| MEXC VIRTUAL_USDT | −0.081% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |