After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.548%7d average+0.268%fees + slippage, in and out−$57spread needed0.565%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.7007 | −0.0064 | get 0.0008% / 1h | 56m 45s | $318K | $388K | 5x |
| Short | Coinbase International VIRTUAL-PERP-INTX | 0.7045 | 0.0472 | get 0.0059% / 1h | 56m 45s | $191K | $115K | 50x |
Lighter VIRTUAL
Coinbase International VIRTUAL-PERP-INTXPrice 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
- $54.81
- Funding while held
- $16.08
- Slippage, 4 orders
- −$46.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $14.36
- Spread needed to break even
- 0.565%
Slippage from Lighter: live order book, 30 min ago; Coinbase International: live order book, 38 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0536%
- Per $10,000 a day
- +$16.08
- 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, 30 min ago | 3.72 bp | 8.0 bp −$8 | 56.3 bp −$563 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 38 min ago | 6.43 bp | 21.9 bp −$22 | 433.3 bp −$4,333 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6992cheapestBingX0.7005+0.186%
Injective
BingXLighter0.7007+0.209%
Bybit0.7007+0.215%OKX0.7007+0.215%Binance0.7009+0.241%01 Exchange0.7010+0.257%Extended0.7011+0.269%Gate0.7011+0.272%MEXC0.7011+0.272%Bitget0.7012+0.286%Reya0.7012+0.288%Pacifica0.7013+0.300%KuCoin0.7013+0.300%Aevo0.7014+0.309%SoDEX0.7014+0.318%Backpack0.7015+0.329%Orderly0.7015+0.329%Aster0.7016+0.340%Deribit0.7016+0.343%GMX0.7016+0.346%SunX0.7017+0.358%BloFin0.7017+0.358%Polymarket Perps0.7018+0.366%gTrade (Gains Network)0.7018+0.375%Hyperliquid0.7021+0.416%ApeX Omni0.7023+0.443%edgeX0.7024+0.451%Phoenix0.7024+0.453%Variational Omni0.7025+0.467%Kraken Futures0.7026+0.483%
Bybit
OKX
Binance
Extended
Gate
MEXC
Bitget
Reya
Pacifica
KuCoin
Aevo
SoDEX
Backpack
Orderly
Aster
Deribit
GMX
SunX
BloFin
Polymarket Perps
gTrade (Gains Network)
Hyperliquid
ApeX Omni
Phoenix
Variational Omni
Kraken FuturesCoinbase International0.7045+0.758%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −0.208% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| BingX VIRTUAL-USDT | −0.023% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Lighter VIRTUALlong | 0.000% | −0.0064% | 1h | $318K | $388K | 5x | |
| Bybit VIRTUALUSDT | +0.006% | −0.0060% | 4h | $15.2M | $15.3M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.006% | +0.0100% | 4h | $2.7M | $9.3M | 20x | as long as short |
| Binance VIRTUALUSDT | +0.032% | +0.0100% | 4h | $15.9M | $35.8M | 75x | as long as short |
| 01 Exchange VIRTUALUSD | +0.049% | −0.0088% | 1h | $2K | $131 | 10x | as long as short |
| Extended VIRTUAL-USD | +0.060% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| Gate VIRTUAL_USDT | +0.063% | +0.0100% | 4h | $1.4M | $2.9M | 75x | as long as short |
| MEXC VIRTUAL_USDT | +0.063% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |