Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day+$11.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.6970 | −0.0296 | get 0.0037% / 1h | 56m 49s | $317K | $389K | 5x |
| Short | Pacifica VIRTUAL | 0.6970 | 0.0100 | get 0.0013% / 1h | 56m 49s | $72K | $41K | 5x |
Lighter VIRTUAL
Pacifica 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
- $0
- Funding while held
- $11.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $3.88
- Spread needed to break even
- 0.080%
Slippage unknown: Lighter: live order book, 35 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0396%
- Per $10,000 a day
- +$11.88
- 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, 35 min ago | 4.28 bp | 7.5 bp −$8 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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.Injective0.6744cheapestVariational Omni0.6960+3.205%OKX0.6963+3.247%Phoenix0.6964+3.258%Binance0.6965+3.276%Bybit0.6965+3.277%BingX0.6965+3.277%ApeX Omni0.6965+3.277%Extended0.6968+3.325%edgeX0.6969+3.332%MEXC0.6969+3.336%Bitget0.6969+3.336%
Injective
Variational Omni
OKX
Phoenix
Binance
Bybit
BingX
ApeX Omni
Extended
MEXC
BitgetLighter0.6970+3.351%
Pacifica0.6970+3.351%
01 Exchange0.6970+3.351%Gate0.6970+3.351%Hyperliquid0.6970+3.354%Aevo0.6972+3.378%SoDEX0.6973+3.388%Reya0.6973+3.395%KuCoin0.6974+3.410%Orderly0.6974+3.410%Deribit0.6975+3.425%Aster0.6975+3.429%Backpack0.6976+3.440%SunX0.6976+3.440%BloFin0.6976+3.440%GMX0.6976+3.446%Polymarket Perps0.6977+3.452%gTrade (Gains Network)0.6977+3.455%Coinbase International0.6979+3.485%Kraken Futures0.6987+3.597%
Gate
Hyperliquid
Aevo
SoDEX
Reya
KuCoin
Orderly
Deribit
Aster
Backpack
SunX
BloFin
GMX
Polymarket Perps
gTrade (Gains Network)
Coinbase International
Kraken FuturesVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −3.242% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.141% | −0.0138% | 4h | $522K | $847K | — | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.100% | +0.0100% | 4h | $2.7M | $9.7M | 20x | as long as short |
| Phoenix VIRTUAL | −0.090% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| Binance VIRTUALUSDT | −0.072% | +0.0100% | 4h | $15.7M | $36.0M | 75x | as long as short |
| Bybit VIRTUALUSDT | −0.072% | −0.0219% | 4h | $15.2M | $15.5M | 50x | as long as short |
| BingX VIRTUAL-USDT | −0.072% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.072% | +0.0080% | 1h | $40K | $241K | 50x | as long as short |
| Extended VIRTUAL-USD | −0.025% | +0.0104% | 1h | $54K | $243K | 10x | as long as short |
| edgeX VIRTUALUSDC | −0.019% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |