VIRTUAL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.6424%/8h= +703.4% APRnext payment +$8.03 per $10,000 · paid last 24h +0.145%

Price spread now: 01 Exchange against Lighter+1.969%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$193 a day on $10k at the current rate, and 01 Exchange is 1.969% dearer against Lighter than usual: you sell high and buy low: +$197 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VIRTUAL	0.7086	−0.0200	get 0.0025% / 1h	31m 32s	$323K	$368K	5x
Short	01 Exchange VIRTUALUSD	0.7225	0.6224	get 0.0778% / 1h	31m 32s	$2K	$27	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +1.969%Rate

Funding earned: $1,349.04
Price spread: +1.969% → 0.000%: $196.88
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $1,538.92
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter: live order book, 6 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 6 min ago	2.59 bp	6.5 bp −$7	41.7 bp −$417	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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 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	−0.0207%	1h	0.7093	+0.106%	$33K	$1.0M	5x	as long as short
Lighter VIRTUALlong	−0.0200%	1h	0.7086	long leg	$323K	$368K	5x
Deribit VIRTUAL_USDC-PERPETUAL	−0.0173%	1h	0.7091	+0.078%	$25K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7084	−0.027%	$24	—	10x	as long as short
Phoenix VIRTUAL	−0.0111%	1h	0.7081	−0.058%	$11K	$32K	5x	as long as short
SoDEX VIRTUAL-USD	−0.0031%	1h	0.7089	+0.056%	$1K	$9K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0006%	1h	0.7093	+0.099%	$22K	—	150x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.445%	$46	$88K	5.5x	as long as short
Variational Omni VIRTUAL	+0.0052%	4h	0.7128	+0.595%	$677K	$816K	—	as long as short
Kraken Futures PF_VIRTUALUSD	+0.0064%	1h	0.7100	+0.210%	$556K	$745K	50x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0084%	4h	0.7088	+0.035%	$14K	$1.8M	10x	as long as short
Hyperliquid VIRTUAL	+0.0100%	1h	0.7100	+0.207%	$8.8M	$3.5M	5x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7096	+0.148%	$99K	$306K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7095	+0.134%	$70K	$40K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7092	+0.092%	$15.8M	$40.8M	75x	as long as short
Bybit VIRTUALUSDT	+0.0100%	4h	0.7094	+0.120%	$16.5M	$18.6M	50x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7091	+0.078%	$2.7M	$9.7M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7094	+0.120%	$1.5M	$3.1M	75x	as long as short
MEXC VIRTUAL_USDT	+0.0100%	4h	0.7090	+0.064%	$14.5M	$5.1M	100x	as long as short
KuCoin VIRTUALUSDTM	+0.0100%	4h	0.7094	+0.120%	$3.3M	$4.6M	50x	as long as short
Bitget VIRTUALUSDT	+0.0100%	4h	0.7096	+0.148%	$6.1M	$5.3M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7091	+0.078%	—	$7.8M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7092	+0.092%	$243K	$178K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7082	−0.054%	$19K	$254K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7083	−0.035%	$629K	$1.5M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7115	+0.416%	$40K	$234K	50x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7093	+0.106%	$1K	$1.3M	20x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7087	+0.024%	$54K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7083	−0.042%	$18K	—	3x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0311% / S −0.0258%	1h	0.7116	+0.424%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7065	−0.289%	$772K	$939K	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7167	+1.150%	$201K	$96K	50x	as long as short
01 Exchange VIRTUALUSDshort	+0.6224%	1h	0.7225	+1.969%	$2K	$27	10x