After costs, if the gap returns to its 7d average, $10k−$110
spread now−0.052%7d average−0.273%fees + slippage, in and out−$132spread needed1.325%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7126 | 0.0400 | pay 0.0050% / 1h | 4m 33s | $195K | $148K | 50x |
| Short | Lighter VIRTUAL | 0.7122 | 0.0096 | get 0.0012% / 1h | 4m 33s | $331K | $327K | 5x |
Coinbase International VIRTUAL-PERP-INTX
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
- −$5.19
- Funding while held
- −$9.12
- Slippage, 4 orders
- −$122.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$146.81
- Spread needed to break even
- 1.325%
Slippage from Coinbase International: live order book, 50 min ago; Lighter: live order book, 42 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0304%
- Per $10,000 a day
- −$9.12
- 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 Coinbase International live order book, 50 min ago | 7.82 bp | 61.3 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| 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 |
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%Extended0.7113+5.477%OKX0.7114+5.486%Reya0.7116+5.511%Bybit0.7116+5.516%01 Exchange0.7116+5.516%ApeX Omni0.7117+5.531%gTrade (Gains Network)0.7117+5.532%KuCoin0.7118+5.546%BingX0.7118+5.546%Binance0.7118+5.550%MEXC0.7119+5.560%Gate0.7120+5.575%GMX0.7120+5.579%Bitget0.7121+5.590%Deribit0.7121+5.590%Aevo0.7122+5.599%Polymarket Perps0.7122+5.606%
Injective
Phoenix
Extended
OKX
Reya
Bybit
ApeX Omni
gTrade (Gains Network)
KuCoin
BingX
Binance
MEXC
Gate
GMX
Bitget
Deribit
Aevo
Polymarket PerpsLighter0.7122+5.609%
Pacifica0.7123+5.620%Orderly0.7123+5.620%SoDEX0.7123+5.620%Backpack0.7124+5.635%SunX0.7125+5.649%
Pacifica
Orderly
SoDEX
Backpack
SunXCoinbase International0.7126+5.664%
Aster0.7127+5.678%BloFin0.7128+5.694%Hyperliquid0.7128+5.695%Variational Omni0.7130+5.726%Kraken Futures0.7137+5.829%
Aster
BloFin
Hyperliquid
Variational Omni
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 | −5.361% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| edgeX VIRTUALUSDC | −0.344% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| Phoenix VIRTUAL | −0.210% | −0.0181% | 1h | $11K | $43K | 5x | as long as short |
| Extended VIRTUAL-USD | −0.178% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.168% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.145% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.140% | +0.0100% | 4h | $15.7M | $15.7M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.140% | −0.0184% | 1h | $2K | $539 | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.126% | +0.0100% | 1h | $40K | $242K | 50x | as long as short |
| gTrade (Gains Network) VIRTUAL/USD | −0.125% | L +0.0007% / S −0.0004% | 1h | $13K | — | 150x | as long as short |