Spread before costs (cost unknown: a leg has no order-book sample)+0.142%
7d average—if it closes, per $10,000$14funding while held, a day+$6.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7026 | −0.0128 | get 0.0016% / 1h | 59m 50s | $2K | $131 | 10x |
| Short | Hyperliquid VIRTUAL | 0.7036 | 0.0100 | get 0.0013% / 1h | 59m 50s | $8.7M | $3.6M | 5x |
Hyperliquid VIRTUALPrice 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
- $14.23
- Funding while held
- $6.84
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $5.07
- Spread needed to break even
- 0.160%
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0228%
- Per $10,000 a day
- +$6.84
- 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 Hyperliquid live order book, 4 min ago | 0.50 bp | 8.7 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.Injective0.6992cheapestLighter0.7022+0.432%Bybit0.7023+0.443%Variational Omni0.7025+0.467%Binance0.7025+0.472%OKX0.7026+0.486%BingX0.7026+0.486%BloFin0.7026+0.486%SoDEX0.7026+0.493%Reya0.7027+0.496%Extended0.7027+0.498%MEXC0.7027+0.501%Aevo0.7027+0.508%Gate0.7028+0.515%KuCoin0.7028+0.515%Orderly0.7028+0.515%Deribit0.7028+0.515%Bitget0.7029+0.529%GMX0.7029+0.534%gTrade (Gains Network)0.7030+0.542%SunX0.7030+0.543%Polymarket Perps0.7030+0.551%Backpack0.7031+0.558%Pacifica0.7032+0.570%ApeX Omni0.7032+0.572%Aster0.7032+0.575%
Injective
Lighter
Bybit
Variational Omni
Binance
OKX
BingX
BloFin
SoDEX
Reya
Extended
MEXC
Aevo
Gate
KuCoin
Orderly
Deribit
Bitget
GMX
gTrade (Gains Network)
SunX
Polymarket Perps
Backpack
Pacifica
ApeX Omni
AsterHyperliquid0.7036+0.629%
Kraken Futures0.7040+0.683%edgeX0.7041+0.695%Phoenix0.7041+0.701%Coinbase International0.7045+0.758%
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 | −0.484% | +0.0033% | 1h | $45 | $56K | 5.5x | as long as short |
| Lighter VIRTUAL | −0.054% | −0.0136% | 1h | $319K | $389K | 5x | as long as short |
| Bybit VIRTUALUSDT | −0.043% | −0.0057% | 4h | $15.2M | $15.4M | 50x | as long as short |
| Variational Omni VIRTUAL | −0.019% | −0.0136% | 4h | $529K | $847K | — | as long as short |
| Binance VIRTUALUSDT | −0.014% | +0.0100% | 4h | $16.0M | $35.8M | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | 0.000% | +0.0100% | 4h | $2.7M | $9.4M | 20x | as long as short |
| 01 Exchange VIRTUALUSDlong | 0.000% | −0.0128% | 1h | $2K | $131 | 10x | |
| BingX VIRTUAL-USDT | 0.000% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| BloFin VIRTUAL-USDT | 0.000% | +0.0340% | 4h | $814K | $751K | 75x | as long as short |
| SoDEX VIRTUAL-USD | +0.007% | +0.0100% | 1h | $1K | $9K | 5x | as long as short |