Spread before costs (cost unknown: a leg has no order-book sample)+0.366%
7d average—if it closes, per $10,000$37funding while held, a day+$19.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7105 | −0.0184 | get 0.0023% / 1h | 29m 35s | $2K | $131 | 10x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7131 | 0.0464 | get 0.0058% / 1h | 29m 35s | $195K | $119K | 50x |
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $36.59
- Funding while held
- $19.44
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $39.03
- Spread needed to break even
- 0.170%
Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: live order book, 15 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0648%
- Per $10,000 a day
- +$19.44
- 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 Coinbase International live order book, 15 min ago | 7.01 bp | 25.2 bp −$25 | 529.1 bp −$5,291 | 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.Injective0.6744cheapest
Phoenix0.7092+5.165%Lighter0.7099+5.258%MEXC0.7101+5.294%BingX0.7101+5.294%Variational Omni0.7101+5.299%Extended0.7102+5.304%Bybit0.7103+5.323%Gate0.7103+5.323%OKX0.7104+5.338%Reya0.7104+5.340%KuCoin0.7105+5.353%SoDEX0.7106+5.360%Binance0.7106+5.368%Pacifica0.7107+5.388%Aster0.7108+5.396%Aevo0.7108+5.405%Polymarket Perps0.7110+5.426%Orderly0.7110+5.427%SunX0.7110+5.427%Deribit0.7110+5.427%Bitget0.7111+5.442%Backpack0.7112+5.457%edgeX0.7113+5.475%Hyperliquid0.7114+5.479%GMX0.7114+5.493%gTrade (Gains Network)0.7116+5.512%BloFin0.7116+5.516%Kraken Futures0.7119+5.556%ApeX Omni0.7120+5.575%
Injective
Phoenix
Lighter
MEXC
BingX
Variational Omni
Extended
Bybit
Gate
OKX
Reya
KuCoin
SoDEX
Binance
Pacifica
Aster
Aevo
Polymarket Perps
Orderly
SunX
Deribit
Bitget
Backpack
Hyperliquid
GMX
gTrade (Gains Network)
BloFin
Kraken Futures
ApeX OmniCoinbase International0.7131+5.738%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.081% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Phoenix VIRTUAL | −0.179% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| Lighter VIRTUAL | −0.090% | −0.0048% | 1h | $322K | $411K | 5x | as long as short |
| MEXC VIRTUAL_USDT | −0.056% | +0.0100% | 4h | $16.0M | $4.1M | 100x | as long as short |
| BingX VIRTUAL-USDT | −0.056% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Variational Omni VIRTUAL | −0.051% | +0.0038% | 4h | $599K | $803K | — | as long as short |
| Extended VIRTUAL-USD | −0.047% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.028% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| Gate VIRTUAL_USDT | −0.028% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.014% | +0.0100% | 4h | $2.7M | $10.3M | 20x | as long as short |