After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.035%7d average−0.007%fees + slippage, in and out−$35spread needed0.348%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.7022 | −0.0160 | get 0.0020% / 1h | 37m 13s | $319K | $389K | 5x |
| Short | Binance VIRTUALUSDT | 0.7024 | 0.0100 | get 0.0050% / 4h | 2h 37m | $16.0M | $36.1M | 75x |
Lighter VIRTUAL
Binance VIRTUALUSDTPrice 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
- $3.48
- Funding while held
- $7.8
- Slippage, 4 orders
- −$24.75
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.47
- Spread needed to break even
- 0.348%
Slippage from Lighter: live order book, 59 min ago; Binance: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0260%
- Per $10,000 a day
- +$7.80
- 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 Lighter live order book, 59 min ago | 2.61 bp | 6.6 bp −$7 | 55.3 bp −$553 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.71 bp | 10.5 bp −$11 | 24.9 bp −$249 | 94.5 bp −$9,447 | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestVariational Omni0.6999+3.779%Phoenix0.7015+4.011%edgeX0.7019+4.081%ApeX Omni0.7021+4.107%
Injective
Variational Omni
Phoenix
ApeX OmniLighter0.7022+4.121%
Extended0.7023+4.136%Bybit0.7023+4.137%OKX0.7023+4.137%MEXC0.7023+4.137%
Extended
Bybit
OKX
MEXCBinance0.7024+4.157%
Aevo0.7025+4.173%Deribit0.7026+4.181%Reya0.7027+4.195%Orderly0.7027+4.196%BloFin0.7027+4.196%BingX0.7028+4.211%SunX0.7028+4.211%GMX0.7029+4.224%SoDEX0.7029+4.230%gTrade (Gains Network)0.7031+4.255%01 Exchange0.7031+4.256%Gate0.7031+4.256%Bitget0.7032+4.270%Polymarket Perps0.7033+4.290%KuCoin0.7034+4.300%Pacifica0.7034+4.304%Kraken Futures0.7035+4.316%Aster0.7035+4.316%Backpack0.7036+4.330%Hyperliquid0.7039+4.379%Coinbase International0.7113+5.472%
Aevo
Deribit
Reya
Orderly
BloFin
BingX
SunX
GMX
SoDEX
gTrade (Gains Network)
Gate
Bitget
Polymarket Perps
KuCoin
Pacifica
Kraken Futures
Aster
Backpack
Hyperliquid
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 | −3.958% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.328% | −0.0111% | 4h | $569K | $805K | — | as long as short |
| Phoenix VIRTUAL | −0.105% | −0.0159% | 1h | $11K | $54K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.038% | +0.0100% | 4h | $18K | $256K | 10x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.013% | −0.0016% | 1h | $40K | $241K | 50x | as long as short |
| Lighter VIRTUALlong | 0.000% | −0.0160% | 1h | $319K | $389K | 5x | |
| Extended VIRTUAL-USD | +0.014% | +0.0104% | 1h | $55K | $245K | 10x | as long as short |
| Bybit VIRTUALUSDT | +0.016% | −0.0289% | 4h | $15.4M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.016% | +0.0100% | 4h | $2.7M | $9.8M | 20x | as long as short |
| MEXC VIRTUAL_USDT | +0.016% | +0.0100% | 4h | $16.0M | $4.0M | 100x | as long as short |