Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day+$9.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7061 | −0.0224 | get 0.0028% / 1h | 7m 18s | $2K | $131 | 10x |
| Short | Backpack VIRTUAL_USDC_PERP | 0.7060 | 0.0100 | get 0.0013% / 1h | 7m 18s | $232K | $176K | 10x |
Backpack 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
- −$1.42
- Funding while held
- $9.72
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.7
- Spread needed to break even
- 0.170%
Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 37 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0324%
- Per $10,000 a day
- +$9.72
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 37 min ago | 2.11 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
01 Exchange: 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.Injective0.6744cheapestOKX0.7055+4.612%Bybit0.7056+4.626%Lighter0.7057+4.635%Phoenix0.7058+4.650%
Injective
OKX
Bybit
Lighter
PhoenixBackpack0.7060+4.686%
BloFin0.7060+4.686%Reya0.7060+4.686%Binance0.7061+4.696%Gate0.7062+4.715%MEXC0.7062+4.715%BingX0.7062+4.715%SoDEX0.7062+4.720%Extended0.7063+4.736%Aevo0.7064+4.741%KuCoin0.7064+4.745%Aster0.7065+4.759%Bitget0.7066+4.775%Orderly0.7066+4.775%Variational Omni0.7067+4.792%Polymarket Perps0.7068+4.798%SunX0.7068+4.804%Deribit0.7068+4.804%Pacifica0.7068+4.805%GMX0.7070+4.840%Hyperliquid0.7071+4.849%edgeX0.7072+4.862%gTrade (Gains Network)0.7072+4.864%Kraken Futures0.7073+4.881%ApeX Omni0.7074+4.893%Coinbase International0.7085+5.056%
BloFin
Reya
Binance
Gate
MEXC
BingX
SoDEX
Extended
Aevo
KuCoin
Aster
Bitget
Orderly
Variational Omni
Polymarket Perps
SunX
Deribit
Pacifica
GMX
Hyperliquid
gTrade (Gains Network)
Kraken Futures
ApeX Omni
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 | −4.489% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.085% | +0.0100% | 4h | $2.7M | $10.1M | 20x | as long as short |
| Bybit VIRTUALUSDT | −0.071% | −0.0032% | 4h | $15.5M | $15.7M | 50x | as long as short |
| Lighter VIRTUAL | −0.062% | −0.0160% | 1h | $321K | $412K | 5x | as long as short |
| Phoenix VIRTUAL | −0.048% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| Backpack VIRTUAL_USDC_PERPshort | −0.014% | +0.0100% | 1h | $232K | $176K | 10x | |
| BloFin VIRTUAL-USDT | −0.014% | +0.0340% | 4h | $819K | $748K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.014% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Binance VIRTUALUSDT | −0.004% | +0.0100% | 4h | $16.2M | $36.6M | 75x | as long as short |
| 01 Exchange VIRTUALUSDlong | 0.000% | −0.0224% | 1h | $2K | $131 | 10x |