After costs, if the gap returns to its 7d average, $10k−$3
spread now+0.262%7d average−0.025%fees + slippage, in and out−$32spread needed0.316%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.7099 | 0.0096 | pay 0.0012% / 1h | 2m 29s | $329K | $328K | 5x |
| Short | edgeX VIRTUALUSDC | 0.7117 | 0.0100 | get 0.0050% / 4h | 1h 02m | $18K | $254K | 10x |
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
- $26.2
- Funding while held
- $0.12
- Slippage, 4 orders
- −$22.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$5.32
- Spread needed to break even
- 0.316%
Slippage from Lighter: live order book, 44 min ago; edgeX: live order book, 51 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 44 min ago | 3.83 bp | 7.3 bp −$7 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 51 min ago | 3.58 bp | 9.2 bp −$9 | 101.8 bp −$1,018 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapestExtended0.7093+5.173%Bybit0.7093+5.175%OKX0.7093+5.175%Reya0.7093+5.178%01 Exchange0.7094+5.190%BingX0.7094+5.190%Gate0.7095+5.205%Binance0.7096+5.222%MEXC0.7097+5.234%
Injective
Extended
Bybit
OKX
Reya
BingX
Gate
Binance
MEXCLighter0.7099+5.261%
KuCoin0.7099+5.264%Bitget0.7099+5.264%Polymarket Perps0.7099+5.264%BloFin0.7099+5.264%Aster0.7099+5.269%SoDEX0.7099+5.271%Pacifica0.7100+5.276%Orderly0.7100+5.279%Aevo0.7101+5.299%Backpack0.7103+5.323%Deribit0.7103+5.323%GMX0.7105+5.349%gTrade (Gains Network)0.7105+5.354%Hyperliquid0.7107+5.383%SunX0.7108+5.397%Phoenix0.7111+5.442%Kraken Futures0.7113+5.467%ApeX Omni0.7117+5.531%Coinbase International0.7126+5.664%Variational Omni0.7130+5.726%
KuCoin
Bitget
Polymarket Perps
BloFin
Aster
SoDEX
Pacifica
Orderly
Aevo
Backpack
Deribit
GMX
gTrade (Gains Network)
Hyperliquid
SunX
Phoenix
Kraken Futures
ApeX Omni
Coinbase International
Variational OmniVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.998% | +0.0033% | 1h | $43 | $105K | 5.5x | as long as short |
| Extended VIRTUAL-USD | −0.084% | +0.0104% | 1h | $55K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.082% | +0.0100% | 4h | $15.6M | $15.7M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.082% | +0.0100% | 4h | $2.8M | $10.4M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | −0.079% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| 01 Exchange VIRTUALUSD | −0.068% | −0.0176% | 1h | $2K | $539 | 10x | as long as short |
| BingX VIRTUAL-USDT | −0.068% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Gate VIRTUAL_USDT | −0.054% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |
| Binance VIRTUALUSDT | −0.037% | +0.0100% | 4h | $16.5M | $36.3M | 75x | as long as short |
| MEXC VIRTUAL_USDT | −0.025% | +0.0100% | 4h | $16.0M | $3.9M | 100x | as long as short |