Spread before costs (cost unknown: a leg has no order-book sample)+0.204%
7d average—if it closes, per $10,000$20funding while held, a day+$17.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.7008 | −0.0352 | get 0.0044% / 1h | 39m 45s | $318K | $389K | 5x |
| Short | GMX VIRTUAL/USD [WBTC.b-USDC] | 0.7022 | L +0.0296% / S −0.0228% | get 0.0029% / 1h | 39m 45s | $30K | — | 100x |
Lighter VIRTUAL
GMX VIRTUAL/USD [WBTC.b-USDC]Price 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
- $20.39
- Funding while held
- $17.41
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $25.8
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 52 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0580%
- Per $10,000 a day
- +$17.41
- 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, 52 min ago | 4.28 bp | 7.5 bp −$8 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective0.6744cheapest
InjectiveLighter0.7008+3.913%
Bybit0.7009+3.929%01 Exchange0.7011+3.959%Binance0.7012+3.974%OKX0.7012+3.974%BloFin0.7012+3.974%Extended0.7014+4.005%BingX0.7015+4.018%Gate0.7016+4.033%MEXC0.7016+4.033%SoDEX0.7016+4.033%Reya0.7017+4.041%Variational Omni0.7017+4.045%edgeX0.7018+4.057%Phoenix0.7018+4.057%Aevo0.7018+4.064%Pacifica0.7018+4.065%KuCoin0.7019+4.078%Bitget0.7019+4.078%Deribit0.7019+4.078%Polymarket Perps0.7020+4.091%Backpack0.7020+4.093%ApeX Omni0.7020+4.093%Orderly0.7020+4.093%SunX0.7020+4.093%Aster0.7021+4.101%gTrade (Gains Network)0.7022+4.118%Hyperliquid0.7022+4.122%
Bybit
Binance
OKX
BloFin
Extended
BingX
Gate
MEXC
SoDEX
Reya
Variational Omni
Phoenix
Aevo
Pacifica
KuCoin
Bitget
Deribit
Polymarket Perps
Backpack
ApeX Omni
Orderly
SunX
Aster
gTrade (Gains Network)
HyperliquidGMX0.7022+4.125%
Kraken Futures0.7027+4.203%Coinbase International0.7033+4.285%
Kraken Futures
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 | −3.766% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Lighter VIRTUALlong | 0.000% | −0.0352% | 1h | $318K | $389K | 5x | |
| Bybit VIRTUALUSDT | +0.016% | −0.0158% | 4h | $15.3M | $15.5M | 50x | as long as short |
| 01 Exchange VIRTUALUSD | +0.044% | −0.0184% | 1h | $2K | $131 | 10x | as long as short |
| Binance VIRTUALUSDT | +0.059% | +0.0100% | 4h | $15.8M | $35.8M | 75x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.059% | +0.0100% | 4h | $2.7M | $9.6M | 20x | as long as short |
| BloFin VIRTUAL-USDT | +0.059% | +0.0340% | 4h | $807K | $762K | 75x | as long as short |
| Extended VIRTUAL-USD | +0.089% | +0.0104% | 1h | $55K | $243K | 10x | as long as short |
| BingX VIRTUAL-USDT | +0.101% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| Gate VIRTUAL_USDT | +0.116% | +0.0060% | 4h | $1.4M | $3.1M | 75x | as long as short |