VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.031%

Price spread now: ApeX Omni against Lighter+0.070%108s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.459% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.070%, 7d avg +0.052%

Together, before fees+0.417%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VIRTUAL	0.7185	−0.0064	get 0.0008% / 1h	21m 42s	$327K	$384K	5x
Short	ApeX Omni VIRTUALUSDT	0.7190	0.0100	get 0.0013% / 1h	21m 42s	$40K	$234K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.070%Rate

Funding earned: $34.44
Price spread: +0.070% → +0.052%: $1.75
Slippage, 4 orders: −$35.94
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.75
Costs to cover: 0.459%
Break-even: 9.0 days

Slippage from Lighter: live order book, 24 min ago; ApeX Omni: live order book, 27 min ago.

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 Lighter live order book, 24 min ago	3.00 bp	7.1 bp −$7	40.1 bp −$401	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 min ago	6.29 bp	14.0 bp −$14	99.2 bp −$992	doesn't fit	doesn't fit

VIRTUAL on 33 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps VIRTUAL-USD	−0.0709%	1h	0.7199	+0.202%	$47K	$996K	5x	as long as short
Kraken Futures PF_VIRTUALUSD	−0.0239%	1h	0.7202	+0.237%	$538K	$741K	50x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7196	+0.157%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0132%	1h	0.7188	+0.036%	$11K	$35K	5x	as long as short
Lighter VIRTUALlong	−0.0064%	1h	0.7185	long leg	$327K	$384K	5x
Deribit VIRTUAL_USDC-PERPETUAL	0.0000%	1h	0.7199	+0.195%	$25K	$40K	10x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7198	+0.187%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	−0.946%	$46	$88K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0069%	4h	0.7180	−0.069%	$681K	$889K	—	as long as short
Orderly PERP_VIRTUAL_USDC	+0.0085%	4h	0.7195	+0.139%	$15K	$1.9M	10x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VIRTUALUSDT	+0.0100%	4h	0.7193	+0.116%	$92K	$297K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7192	+0.102%	$71K	$42K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7189	+0.051%	$16.1M	$41.4M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7184	−0.014%	$16.5M	$18.8M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7184	−0.014%	$2.8M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7194	+0.125%	$1.6M	$3.2M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7186	+0.014%	$15.1M	$5.3M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7193	+0.111%	$3.3M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7189	+0.056%	$6.1M	$5.5M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7189	+0.056%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7201	+0.223%	$248K	$177K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7183	−0.032%	$19K	$258K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7201	+0.223%	$644K	$1.3M	10x	as long as short
ApeX Omni VIRTUALUSDTshort	+0.0100%	1h	0.7190	+0.070%	$40K	$234K	50x
SunX VIRTUAL-USDT	+0.0100%	4h	0.7197	+0.167%	$2K	$1.3M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7196	+0.149%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7186	+0.019%	$54K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7194	+0.120%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0164%	1h	0.7203	+0.256%	$8.9M	$3.7M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0313% / S −0.0258%	1h	0.7198	+0.179%	$33K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7171	−0.195%	$778K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0472%	1h	0.7217	+0.445%	$203K	$101K	50x	as long as short
01 Exchange VIRTUALUSD	+0.6288%	1h	0.7333	+2.060%	$2K	$53	10x	as long as short