After costs, if the gap returns to its 7d average, $10k−$18
spread now+0.205%7d average+0.008%fees + slippage, in and out−$38spread needed0.379%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VIRTUALUSDT | 0.7018 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $16.4M | $35.1M | 75x |
| Short | Lighter VIRTUAL | 0.7033 | 0.0096 | get 0.0012% / 1h | 53m 50s | $350K | $281K | 5x |
Binance VIRTUALUSDT
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
- $20.54
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$27.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.43
- Spread needed to break even
- 0.379%
Slippage from Binance: live order book, 4 min ago; Lighter: live order book, 58 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 Binance live order book, 4 min ago | 0.70 bp | 11.6 bp −$12 | 23.3 bp −$233 | 104.4 bp −$10.4K | doesn't fit |
| Sell Lighter live order book, 58 min ago | 4.70 bp | 6.4 bp −$6 | 47.4 bp −$474 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestBybit0.7008+3.915%OKX0.7012+3.974%BingX0.7014+4.004%Extended0.7017+4.044%
Injective
Bybit
OKX
BingX
ExtendedBinance0.7018+4.067%
KuCoin0.7020+4.093%Gate0.7021+4.107%MEXC0.7021+4.107%Bitget0.7021+4.107%Backpack0.7024+4.152%SoDEX0.7031+4.253%
KuCoin
Gate
MEXC
Bitget
Backpack
SoDEXLighter0.7033+4.281%
Aevo0.7033+4.284%Aster0.7033+4.285%Orderly0.7033+4.285%Deribit0.7034+4.300%Hyperliquid0.7035+4.312%Reya0.7035+4.314%Polymarket Perps0.7037+4.348%GMX0.7040+4.385%01 Exchange0.7040+4.389%gTrade (Gains Network)0.7041+4.398%Kraken Futures0.7041+4.405%SunX0.7042+4.419%Pacifica0.7052+4.562%BloFin0.7060+4.686%edgeX0.7079+4.969%Phoenix0.7080+4.978%ApeX Omni0.7094+5.190%Variational Omni0.7097+5.241%Coinbase International0.7107+5.383%
Aevo
Aster
Orderly
Deribit
Hyperliquid
Reya
Polymarket Perps
GMX
gTrade (Gains Network)
Kraken Futures
SunX
Pacifica
BloFin
Phoenix
ApeX Omni
Variational Omni
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 | −3.908% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.147% | +0.0095% | 4h | $15.4M | $15.2M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.090% | +0.0100% | 4h | $2.7M | $10.1M | 20x | as long as short |
| BingX VIRTUAL-USDT | −0.061% | +0.0100% | 4h | — | $8.3M | — | as long as short |
| Extended VIRTUAL-USD | −0.022% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Binance VIRTUALUSDTlong | 0.000% | +0.0100% | 4h | $16.4M | $35.1M | 75x | |
| KuCoin VIRTUALUSDTM | +0.024% | +0.0100% | 4h | $3.0M | $4.1M | 50x | as long as short |
| Gate VIRTUAL_USDT | +0.039% | +0.0100% | 4h | $1.5M | $2.9M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.039% | +0.0100% | 4h | $16.2M | $3.7M | 100x | as long as short |
| Bitget VIRTUALUSDT | +0.039% | +0.0100% | 4h | $6.0M | $5.5M | 25x | as long as short |