Spread before costs (cost unknown: a leg has no order-book sample)+0.256%
7d average—if it closes, per $10,000$26funding while held, a day+$6.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7092 | −0.0160 | get 0.0020% / 1h | 33m 42s | $2K | $131 | 10x |
| Short | Variational Omni VIRTUAL | 0.7110 | 0.0052 | get 0.0026% / 4h | 3h 33m | $601K | $803K | — |
Variational Omni 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
- $25.63
- Funding while held
- $6.37
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $25
- Spread needed to break even
- 0.070%
Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0212%
- Per $10,000 a day
- +$6.37
- 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 Variational Omni RFQ quote, 12 min ago | 4.23 bp | doesn't fit | 21.1 bp −$211 | 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.Injective0.6744cheapestReya0.7087+5.081%OKX0.7090+5.130%Bybit0.7092+5.160%Aevo0.7092+5.163%SoDEX0.7094+5.182%Orderly0.7095+5.205%Deribit0.7095+5.205%SunX0.7096+5.219%GMX0.7097+5.230%Lighter0.7097+5.233%MEXC0.7097+5.234%BingX0.7097+5.234%gTrade (Gains Network)0.7098+5.244%BloFin0.7098+5.249%Polymarket Perps0.7099+5.265%Extended0.7099+5.270%Binance0.7100+5.277%Gate0.7101+5.294%KuCoin0.7103+5.323%Bitget0.7103+5.323%Backpack0.7103+5.323%Aster0.7104+5.339%Kraken Futures0.7105+5.351%Pacifica0.7106+5.367%Hyperliquid0.7110+5.426%
Injective
Reya
OKX
Bybit
Aevo
SoDEX
Orderly
Deribit
SunX
GMX
Lighter
MEXC
BingX
gTrade (Gains Network)
BloFin
Polymarket Perps
Extended
Binance
Gate
KuCoin
Bitget
Backpack
Aster
Kraken Futures
Pacifica
HyperliquidVariational Omni0.7110+5.430%
edgeX0.7119+5.567%ApeX Omni0.7121+5.590%Phoenix0.7124+5.638%Coinbase International0.7131+5.738%
ApeX Omni
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 | −4.907% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Reya VIRTUALRUSDPERP | −0.075% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.028% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Bybit VIRTUALUSDT | 0.000% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| 01 Exchange VIRTUALUSDlong | 0.000% | −0.0160% | 1h | $2K | $131 | 10x | |
| Aevo VIRTUAL-PERP | +0.003% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| SoDEX VIRTUAL-USD | +0.021% | −0.0038% | 1h | $212 | $8K | 5x | as long as short |
| Orderly PERP_VIRTUAL_USDC | +0.042% | +0.0064% | 4h | $14K | $1.5M | 10x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | +0.042% | −0.0595% | 1h | $15K | $40K | 10x | as long as short |
| SunX VIRTUAL-USDT | +0.056% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |