data as of
Settings8H · net · $10k
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Price arb /

VIRTUAL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.129%7d average−0.004%fees + slippage, in and out−$34spread needed0.344%
Long on LighterShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter VIRTUAL0.70510.0096pay 0.0012% / 1h14m 47s$323K$362K5x
ShortBingX VIRTUAL-USDT0.70600.0100get 0.0050% / 4h14m 47s—$8.3M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$12.91
Funding while held
$0.12
Slippage, 4 orders
−$24.44
Fee Lighter: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$21.41
Spread needed to break even
0.344%
Slippage from Lighter: live order book, 26 min ago; BingX: live order book, 15 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 26 min ago3.75 bp10.0 bp −$1048.0 bp −$480doesn't fitdoesn't fit
Sell BingX live order book, 15 min ago1.42 bp8.0 bp −$811.7 bp −$11725.3 bp −$2,53295.6 bp −$47.8K

VIRTUAL price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.6744cheapestPhoenix0.7025+4.168%edgeX0.7033+4.292%Variational Omni0.7035+4.313%ApeX Omni0.7042+4.419%Pacifica0.7043+4.429%01 Exchange0.7046+4.478%Reya0.7048+4.509%Aevo0.7050+4.530%Orderly0.7050+4.537%
Lighter0.7051+4.551%
Polymarket Perps0.7051+4.558%Deribit0.7052+4.567%BloFin0.7052+4.567%gTrade (Gains Network)0.7054+4.592%GMX0.7055+4.609%Gate0.7055+4.612%SoDEX0.7055+4.612%Coinbase International0.7055+4.612%KuCoin0.7056+4.626%SunX0.7056+4.626%OKX0.7058+4.656%MEXC0.7058+4.656%Extended0.7059+4.671%Aster0.7059+4.671%Bybit0.7059+4.671%
BingX0.7060+4.686%
Binance0.7061+4.695%Backpack0.7061+4.700%Bitget0.7063+4.730%Kraken Futures0.7064+4.740%Hyperliquid0.7066+4.770%

VIRTUAL on 32 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective VIRTUAL/USDC PERP−4.353%+0.0033%1h$43$70K5.5xas long as short
Phoenix VIRTUAL−0.366%−0.0113%1h$11K$42K5xas long as short
edgeX VIRTUALUSDC−0.247%+0.0100%4h$18K$256K10xas long as short
Variational Omni VIRTUAL−0.227%−0.0022%4h$592K$801K—as long as short
ApeX Omni VIRTUALUSDT−0.126%+0.0100%1h$40K$241K50xas long as short
Pacifica VIRTUAL−0.117%+0.0100%1h$72K$42K5xas long as short
01 Exchange VIRTUALUSD−0.069%−0.0160%1h$2K$53910xas long as short
Reya VIRTUALRUSDPERP−0.040%−0.0139%1h$24—10xas long as short
Aevo VIRTUAL-PERP−0.019%+0.0104%1h$18K$5053xas long as short
Orderly PERP_VIRTUAL_USDC−0.013%+0.0065%4h$14K$1.5M10xas long as short
Show all 32 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter VIRTUALlong0.000%+0.0096%1h$323K$362K5x
Polymarket Perps VIRTUAL-USD+0.007%+0.0100%1h$32K$795K5xas long as short
Deribit VIRTUAL_USDC-PERPETUAL+0.016%0.0000%1h$25K$30K10xas long as short
BloFin VIRTUAL-USDT+0.016%+0.0340%4h$838K$777K75xas long as short
gTrade (Gains Network) VIRTUAL/USD+0.040%L +0.0007% / S −0.0004%1h$12K—150xas long as short
GMX VIRTUAL/USD [WBTC.b-USDC]+0.055%L +0.0296% / S −0.0228%1h$30K—100xas long as short
Gate VIRTUAL_USDT+0.058%+0.0100%4h$1.4M$3.1M75xas long as short
SoDEX VIRTUAL-USD+0.058%+0.0100%1h$205$8K5xas long as short
Coinbase International VIRTUAL-PERP-INTX+0.058%+0.0432%1h$193K$118K50xas long as short
KuCoin VIRTUALUSDTM+0.072%+0.0100%4h$3.0M$4.3M50xas long as short
SunX VIRTUAL-USDT+0.072%+0.0100%4h$1K$1.3M20xas long as short
OKX VIRTUAL-USDT-SWAP+0.101%+0.0100%4h$2.8M$10.3M20xas long as short
MEXC VIRTUAL_USDT+0.101%+0.0100%4h$15.9M$4.0M100xas long as short
Extended VIRTUAL-USD+0.115%+0.0104%1h$55K$244K10xas long as short
Aster VIRTUALUSDT+0.115%+0.0100%4h$183K$75K20xas long as short
Bybit VIRTUALUSDT+0.115%+0.0100%4h$15.7M$16.0M50xas long as short
BingX VIRTUAL-USDTshort+0.129%+0.0100%4h—$8.3M—
Binance VIRTUALUSDT+0.138%+0.0100%4h$16.3M$37.3M75xas long as short
Backpack VIRTUAL_USDC_PERP+0.143%+0.0100%1h$235K$169K10xas long as short
Bitget VIRTUALUSDT+0.172%+0.0100%4h$6.0M$5.7M25xas long as short
Kraken Futures PF_VIRTUALUSD+0.181%+0.0354%1h$513K$623K50xas long as short
Hyperliquid VIRTUAL+0.210%+0.0100%1h$8.8M$3.7M5xas long as short