Spread before costs (cost unknown: a leg has no order-book sample)−0.156%
7d average—if it closes, per $10,000$16funding while held, a day−$3.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7042 | −0.0216 | get 0.0027% / 1h | 37m 55s | $2K | $131 | 10x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7031 | −0.0319 | pay 0.0040% / 1h | 37m 55s | $15K | $40K | 10x |
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- −$15.62
- Funding while held
- −$3.08
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32.7
- Spread needed to break even
- 0.140%
Slippage unknown: 01 Exchange: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0103%
- Per $10,000 a day
- −$3.08
- 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 Deribit no order-book sample | — | — | — | — | — |
01 Exchange and Deribit: 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.Injective0.6744cheapestVariational Omni0.6999+3.779%edgeX0.7006+3.884%ApeX Omni0.7011+3.959%Phoenix0.7015+4.011%BloFin0.7022+4.122%Lighter0.7026+4.184%Reya0.7029+4.225%SoDEX0.7029+4.230%Aevo0.7030+4.240%
Injective
Variational Omni
ApeX Omni
Phoenix
BloFin
Lighter
Reya
SoDEX
AevoDeribit0.7031+4.256%
BingX0.7032+4.270%GMX0.7033+4.280%Gate0.7033+4.285%Orderly0.7033+4.285%KuCoin0.7034+4.300%gTrade (Gains Network)0.7035+4.309%Polymarket Perps0.7035+4.310%Binance0.7035+4.315%Bybit0.7035+4.315%OKX0.7035+4.315%SunX0.7035+4.315%Aster0.7035+4.317%Extended0.7035+4.318%Backpack0.7036+4.330%MEXC0.7037+4.345%Bitget0.7037+4.345%Pacifica0.7039+4.376%Hyperliquid0.7039+4.382%Kraken Futures0.7040+4.389%Coinbase International0.7113+5.472%
BingX
GMX
Gate
Orderly
KuCoin
gTrade (Gains Network)
Polymarket Perps
Binance
Bybit
OKX
SunX
Aster
Extended
Backpack
MEXC
Bitget
Pacifica
Hyperliquid
Kraken Futures
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 | −4.232% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.612% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| edgeX VIRTUALUSDC | −0.512% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.440% | −0.0073% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.391% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| BloFin VIRTUAL-USDT | −0.284% | +0.0340% | 4h | $822K | $760K | 75x | as long as short |
| Lighter VIRTUAL | −0.224% | −0.0168% | 1h | $319K | $389K | 5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.186% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.180% | −0.0084% | 1h | $1K | $9K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.171% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |