Spread before costs (cost unknown: a leg has no order-book sample)+0.079%
7d average—if it closes, per $10,000$8funding while held, a day+$0.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.6996 | −0.0064 | get 0.0008% / 1h | 56m 11s | $318K | $388K | 5x |
| Short | Deribit VIRTUAL_USDC-PERPETUAL | 0.7002 | −0.0036 | pay 0.0004% / 1h | 56m 11s | $15K | $40K | 10x |
Lighter VIRTUAL
Deribit VIRTUAL_USDC-PERPETUALPrice 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
- $7.86
- Funding while held
- $0.85
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $1.71
- Spread needed to break even
- 0.070%
Slippage unknown: Lighter: live order book, 30 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0028%
- Per $10,000 a day
- +$0.85
- 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 Deribit no order-book sample | — | — | — | — | — |
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.Injective0.6992cheapestBybit0.6996+0.057%
Injective
BybitLighter0.6996+0.064%
Extended0.6999+0.093%MEXC0.6999+0.100%SoDEX0.6999+0.107%Binance0.7000+0.114%Gate0.7000+0.114%BingX0.7000+0.114%Aevo0.7000+0.115%OKX0.7001+0.129%01 Exchange0.7002+0.143%KuCoin0.7002+0.143%Orderly0.7002+0.143%SunX0.7002+0.143%
Extended
MEXC
SoDEX
Binance
Gate
BingX
Aevo
OKX
KuCoin
Orderly
SunXDeribit0.7002+0.143%
Reya0.7003+0.160%Backpack0.7004+0.172%Bitget0.7005+0.186%GMX0.7006+0.200%Aster0.7006+0.207%gTrade (Gains Network)0.7006+0.207%Polymarket Perps0.7007+0.209%Hyperliquid0.7010+0.256%Kraken Futures0.7012+0.279%Pacifica0.7013+0.300%BloFin0.7017+0.358%ApeX Omni0.7023+0.443%edgeX0.7024+0.451%Phoenix0.7024+0.453%Variational Omni0.7025+0.467%Coinbase International0.7045+0.758%
Reya
Backpack
Bitget
GMX
Aster
gTrade (Gains Network)
Polymarket Perps
Hyperliquid
Kraken Futures
Pacifica
BloFin
ApeX Omni
Phoenix
Variational Omni
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 | −0.064% | −0.0086% | 1h | $45 | $28K | 5.5x | as long as short |
| Bybit VIRTUALUSDT | −0.007% | −0.0057% | 4h | $15.2M | $15.3M | 50x | as long as short |
| Lighter VIRTUALlong | 0.000% | −0.0064% | 1h | $318K | $388K | 5x | |
| Extended VIRTUAL-USD | +0.029% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| MEXC VIRTUAL_USDT | +0.036% | +0.0100% | 4h | $16.2M | $3.8M | 100x | as long as short |
| SoDEX VIRTUAL-USD | +0.043% | +0.0052% | 1h | $1K | $9K | 5x | as long as short |
| Binance VIRTUALUSDT | +0.050% | +0.0100% | 4h | $15.9M | $35.8M | 75x | as long as short |
| Gate VIRTUAL_USDT | +0.050% | +0.0100% | 4h | $1.4M | $2.9M | 75x | as long as short |
| BingX VIRTUAL-USDT | +0.050% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Aevo VIRTUAL-PERP | +0.051% | +0.0104% | 1h | $17K | $505 | 3x | as long as short |