Spread before costs (cost unknown: a leg has no order-book sample)−0.160%
7d average—if it closes, per $10,000$16funding while held, a day−$10.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit VIRTUAL_USDC-PERPETUAL | 0.7019 | −0.0035 | get 0.0004% / 1h | 44m 26s | $15K | $40K | 10x |
| Short | Lighter VIRTUAL | 0.7008 | −0.0392 | pay 0.0049% / 1h | 44m 26s | $318K | $389K | 5x |
Deribit VIRTUAL_USDC-PERPETUAL
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
- −$15.96
- Funding while held
- −$10.71
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$33.67
- Spread needed to break even
- 0.070%
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 47 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0357%
- Per $10,000 a day
- −$10.71
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 47 min ago | 4.28 bp | 5.9 bp −$6 | 43.9 bp −$439 | doesn't fit | doesn't fit |
Deribit: 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.Injective0.6744cheapestBloFin0.7006+3.885%Variational Omni0.7007+3.895%edgeX0.7007+3.906%
Injective
BloFin
Variational OmniLighter0.7008+3.912%
Phoenix0.7008+3.918%ApeX Omni0.7010+3.944%Bybit0.7014+4.004%01 Exchange0.7014+4.004%Backpack0.7014+4.004%SunX0.7014+4.004%Reya0.7014+4.006%Pacifica0.7015+4.013%Aster0.7015+4.016%MEXC0.7015+4.018%KuCoin0.7015+4.018%Binance0.7016+4.033%OKX0.7016+4.033%Gate0.7016+4.033%BingX0.7016+4.033%Orderly0.7016+4.033%SoDEX0.7016+4.041%Extended0.7017+4.053%Aevo0.7017+4.055%Polymarket Perps0.7018+4.060%
Phoenix
ApeX Omni
Bybit
Backpack
SunX
Reya
Pacifica
Aster
MEXC
KuCoin
Binance
OKX
Gate
BingX
Orderly
SoDEX
Extended
Aevo
Polymarket PerpsDeribit0.7019+4.078%
Bitget0.7020+4.093%gTrade (Gains Network)0.7020+4.093%GMX0.7020+4.094%Coinbase International0.7021+4.107%Kraken Futures0.7022+4.117%Hyperliquid0.7023+4.140%
Bitget
gTrade (Gains Network)
GMX
Coinbase International
Kraken Futures
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.918% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| BloFin VIRTUAL-USDT | −0.185% | +0.0340% | 4h | $806K | $762K | 75x | as long as short |
| Variational Omni VIRTUAL | −0.176% | −0.0135% | 4h | $527K | $847K | — | as long as short |
| edgeX VIRTUALUSDC | −0.165% | +0.0100% | 4h | $18K | $257K | 10x | as long as short |
| Lighter VIRTUALshort | −0.160% | −0.0392% | 1h | $318K | $389K | 5x | |
| Phoenix VIRTUAL | −0.154% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.128% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Bybit VIRTUALUSDT | −0.071% | −0.0161% | 4h | $15.3M | $15.6M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | −0.071% | −0.0192% | 1h | $2K | $131 | 10x | as long as short |
| Backpack VIRTUAL_USDC_PERP | −0.071% | +0.0100% | 1h | $230K | $169K | 10x | as long as short |