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+$8.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7112 | −0.0192 | get 0.0024% / 1h | 8m 20s | $2K | $539 | 10x |
| Short | Bybit VIRTUALUSDT | 0.7113 | 0.0100 | get 0.0050% / 4h | 1h 08m | $15.7M | $15.6M | 50x |
Bybit VIRTUALUSDTPrice 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
- $1.41
- Funding while held
- $8.76
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$7.83
- Spread needed to break even
- 0.180%
Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0292%
- Per $10,000 a day
- +$8.76
- 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 Bybit live order book, 1 min ago | 0.70 bp | 11.5 bp −$11 | 24.6 bp −$246 | 146.6 bp −$14.7K | 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.Injective0.6744cheapest
edgeX0.7072+4.856%Variational Omni0.7084+5.041%ApeX Omni0.7091+5.145%Phoenix0.7096+5.224%Coinbase International0.7098+5.249%BloFin0.7106+5.368%Reya0.7107+5.384%MEXC0.7111+5.442%OKX0.7112+5.457%GMX0.7112+5.461%Extended0.7113+5.466%Aevo0.7113+5.469%Binance0.7113+5.472%
Injective
Variational Omni
ApeX Omni
Phoenix
Coinbase International
BloFin
Reya
MEXC
OKX
GMX
Extended
Aevo
BinanceBybit0.7113+5.472%
BingX0.7113+5.472%SunX0.7113+5.472%SoDEX0.7114+5.479%gTrade (Gains Network)0.7115+5.499%Gate0.7115+5.501%Backpack0.7115+5.501%Deribit0.7115+5.501%KuCoin0.7116+5.516%Orderly0.7116+5.516%Aster0.7117+5.536%Bitget0.7118+5.546%Polymarket Perps0.7118+5.552%Pacifica0.7118+5.552%Lighter0.7119+5.556%Hyperliquid0.7126+5.663%Kraken Futures0.7126+5.670%
BingX
SunX
SoDEX
gTrade (Gains Network)
Gate
Backpack
Deribit
KuCoin
Orderly
Aster
Bitget
Polymarket Perps
Pacifica
Lighter
Hyperliquid
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 | −5.174% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.569% | +0.0100% | 4h | $18K | $253K | 10x | as long as short |
| Variational Omni VIRTUAL | −0.394% | −0.0026% | 4h | $595K | $781K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.295% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Phoenix VIRTUAL | −0.221% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Coinbase International VIRTUAL-PERP-INTX | −0.197% | +0.0400% | 1h | $194K | $148K | 50x | as long as short |
| BloFin VIRTUAL-USDT | −0.084% | +0.0340% | 4h | $842K | $769K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.069% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| MEXC VIRTUAL_USDT | −0.014% | +0.0100% | 4h | $16.1M | $3.8M | 100x | as long as short |
| OKX VIRTUAL-USDT-SWAP | 0.000% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |