Spread before costs (cost unknown: a leg has no order-book sample)+0.094%
7d average—if it closes, per $10,000$9funding while held, a day+$7.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7039 | −0.0160 | get 0.0020% / 1h | 16m 13s | $2K | $539 | 10x |
| Short | Polymarket Perps VIRTUAL-USD | 0.7046 | 0.0100 | get 0.0013% / 1h | 16m 13s | $32K | $794K | 5x |
Polymarket Perps VIRTUAL-USDPrice 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
- $9.38
- Funding while held
- $7.8
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $2.18
- Spread needed to break even
- 0.150%
Slippage unknown: 01 Exchange: no order-book sample; Polymarket Perps: live order book, 33 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0260%
- Per $10,000 a day
- +$7.80
- 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 Polymarket Perps live order book, 33 min ago | 2.10 bp | 9.0 bp −$9 | 9.5 bp −$95 | 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.Injective0.6744cheapestVariational Omni0.7001+3.809%edgeX0.7011+3.959%Phoenix0.7025+4.168%MEXC0.7030+4.241%BloFin0.7032+4.270%Bybit0.7034+4.300%Lighter0.7036+4.334%OKX0.7037+4.345%Gate0.7038+4.359%BingX0.7038+4.359%Extended0.7039+4.370%Orderly0.7039+4.374%Reya0.7040+4.382%SoDEX0.7040+4.385%Pacifica0.7040+4.387%Aevo0.7040+4.389%Binance0.7041+4.404%Deribit0.7041+4.404%GMX0.7041+4.407%Aster0.7042+4.415%KuCoin0.7042+4.419%Bitget0.7042+4.419%ApeX Omni0.7042+4.419%gTrade (Gains Network)0.7042+4.422%SunX0.7044+4.448%Backpack0.7045+4.463%Hyperliquid0.7045+4.468%
Injective
Variational Omni
Phoenix
MEXC
BloFin
Bybit
Lighter
OKX
Gate
BingX
Extended
Orderly
Reya
SoDEX
Pacifica
Aevo
Binance
Deribit
GMX
Aster
KuCoin
Bitget
ApeX Omni
gTrade (Gains Network)
SunX
Backpack
HyperliquidPolymarket Perps0.7046+4.472%
Kraken Futures0.7055+4.609%Coinbase International0.7055+4.612%
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 | −4.191% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.541% | −0.0031% | 4h | $591K | $801K | — | as long as short |
| edgeX VIRTUALUSDC | −0.398% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| Phoenix VIRTUAL | −0.197% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| MEXC VIRTUAL_USDT | −0.128% | +0.0100% | 4h | $15.8M | $4.0M | 100x | as long as short |
| BloFin VIRTUAL-USDT | −0.099% | +0.0340% | 4h | $839K | $778K | 75x | as long as short |
| Bybit VIRTUALUSDT | −0.071% | +0.0100% | 4h | $15.6M | $16.0M | 50x | as long as short |
| Lighter VIRTUAL | −0.038% | +0.0096% | 1h | $322K | $358K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.028% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Gate VIRTUAL_USDT | −0.014% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |