Spread before costs (cost unknown: a leg has no order-book sample)+0.049%
7d average—if it closes, per $10,000$5funding while held, a day−$0.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo VIRTUAL-PERP | 0.7122 | 0.0104 | pay 0.0013% / 1h | 4m 45s | $18K | $505 | 3x |
| Short | Lighter VIRTUAL | 0.7125 | 0.0096 | get 0.0012% / 1h | 4m 45s | $332K | $325K | 5x |
Aevo VIRTUAL-PERP
Lighter 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
- $4.91
- Funding while held
- −$0.24
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.33
- Spread needed to break even
- 0.160%
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 42 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0008%
- Per $10,000 a day
- −$0.24
- 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 42 min ago | 3.83 bp | 6.0 bp −$6 | 48.4 bp −$484 | doesn't fit | doesn't fit |
Aevo: 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.Injective0.6744cheapest
edgeX0.7101+5.300%Phoenix0.7111+5.442%01 Exchange0.7115+5.501%Reya0.7117+5.525%ApeX Omni0.7117+5.531%Gate0.7118+5.546%Pacifica0.7118+5.549%OKX0.7119+5.560%Extended0.7119+5.564%MEXC0.7120+5.575%BingX0.7120+5.575%GMX0.7120+5.579%Binance0.7121+5.590%Bybit0.7121+5.590%KuCoin0.7121+5.590%Deribit0.7121+5.590%
Injective
Phoenix
Reya
ApeX Omni
Gate
Pacifica
OKX
Extended
MEXC
BingX
GMX
Binance
Bybit
KuCoin
DeribitAevo0.7122+5.599%
gTrade (Gains Network)0.7122+5.605%Polymarket Perps0.7123+5.620%Orderly0.7123+5.620%SoDEX0.7123+5.620%Backpack0.7124+5.635%Aster0.7125+5.644%SunX0.7125+5.649%
gTrade (Gains Network)
Polymarket Perps
Orderly
SoDEX
Backpack
Aster
SunXLighter0.7125+5.651%
Bitget0.7126+5.664%Coinbase International0.7126+5.664%BloFin0.7128+5.694%Variational Omni0.7130+5.726%Hyperliquid0.7133+5.761%Kraken Futures0.7137+5.829%
Bitget
Coinbase International
BloFin
Variational Omni
Hyperliquid
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.302% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.283% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Phoenix VIRTUAL | −0.149% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.093% | −0.0184% | 1h | $2K | $539 | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.070% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.065% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| Gate VIRTUAL_USDT | −0.051% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| Pacifica VIRTUAL | −0.047% | +0.0100% | 1h | $72K | $39K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.037% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Extended VIRTUAL-USD | −0.033% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |