After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.097%7d average−0.029%fees + slippage, in and out−$40spread needed0.401%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VIRTUALUSDT | 0.7096 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $6.0M | $5.7M | 25x |
| Short | Lighter VIRTUAL | 0.7089 | −0.0024 | pay 0.0003% / 1h | 33m 14s | $322K | $411K | 5x |
Bitget 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
- −$9.72
- Funding while held
- −$3.72
- Slippage, 4 orders
- −$28.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$53.58
- Spread needed to break even
- 0.401%
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0124%
- Per $10,000 a day
- −$3.72
- 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 Bitget live order book, 1 min ago | 2.82 bp | 14.6 bp −$15 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 2.61 bp | 6.8 bp −$7 | 54.9 bp −$549 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
InjectiveLighter0.7089+5.117%
Aevo0.7090+5.126%Bybit0.7090+5.130%SunX0.7090+5.130%BloFin0.7091+5.145%Reya0.7091+5.150%Phoenix0.7092+5.159%OKX0.7092+5.160%01 Exchange0.7092+5.160%Extended0.7093+5.174%Binance0.7093+5.175%BingX0.7093+5.175%SoDEX0.7094+5.182%Gate0.7094+5.190%MEXC0.7094+5.190%Orderly0.7094+5.190%Deribit0.7095+5.205%KuCoin0.7096+5.219%
Aevo
Bybit
SunX
BloFin
Reya
Phoenix
OKX
Extended
Binance
BingX
SoDEX
Gate
MEXC
Orderly
Deribit
KuCoinBitget0.7096+5.219%
Backpack0.7097+5.234%Polymarket Perps0.7097+5.240%Aster0.7098+5.246%GMX0.7099+5.266%gTrade (Gains Network)0.7099+5.267%edgeX0.7103+5.323%Hyperliquid0.7103+5.326%Kraken Futures0.7105+5.350%Pacifica0.7106+5.367%Variational Omni0.7110+5.430%ApeX Omni0.7121+5.590%Coinbase International0.7131+5.738%
Backpack
Polymarket Perps
Aster
GMX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
Pacifica
Variational Omni
ApeX 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 | −4.961% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUALshort | −0.097% | −0.0024% | 1h | $322K | $411K | 5x | |
| Aevo VIRTUAL-PERP | −0.089% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Bybit VIRTUALUSDT | −0.085% | +0.0100% | 4h | $15.7M | $16.0M | 50x | as long as short |
| SunX VIRTUAL-USDT | −0.085% | +0.0100% | 4h | $2K | $1.3M | 20x | as long as short |
| BloFin VIRTUAL-USDT | −0.070% | +0.0340% | 4h | $828K | $791K | 75x | as long as short |
| Reya VIRTUALRUSDPERP | −0.066% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Phoenix VIRTUAL | −0.058% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.056% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| 01 Exchange VIRTUALUSD | −0.056% | −0.0168% | 1h | $2K | $131 | 10x | as long as short |