Spread before costs (cost unknown: a leg has no order-book sample)+0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$3.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter VIRTUAL | 0.6989 | −0.0304 | get 0.0038% / 1h | 34m 41s | $317K | $389K | 5x |
| Short | 01 Exchange VIRTUALUSD | 0.6990 | −0.0176 | pay 0.0022% / 1h | 34m 41s | $2K | $131 | 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
- $1.57
- Funding while held
- $3.84
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$1.59
- Spread needed to break even
- 0.070%
Slippage unknown: Lighter: live order book, 57 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0128%
- Per $10,000 a day
- +$3.84
- 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, 57 min ago | 4.28 bp | 7.5 bp −$8 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Injective0.6744cheapestGate0.6987+3.603%Bybit0.6988+3.618%
Injective
Gate
BybitLighter0.6989+3.631%
BingX0.6990+3.648%SoDEX0.6991+3.658%OKX0.6991+3.663%Reya0.6991+3.663%Aster0.6991+3.668%Backpack0.6992+3.677%Orderly0.6992+3.677%BloFin0.6992+3.677%Aevo0.6992+3.678%Binance0.6993+3.692%MEXC0.6993+3.692%Extended0.6993+3.695%KuCoin0.6994+3.707%Deribit0.6994+3.707%Polymarket Perps0.6994+3.710%Bitget0.6995+3.722%GMX0.6995+3.724%Pacifica0.6995+3.726%gTrade (Gains Network)0.6996+3.736%SunX0.6996+3.737%Variational Omni0.7000+3.792%Hyperliquid0.7000+3.794%Kraken Futures0.7002+3.823%Phoenix0.7002+3.830%ApeX Omni0.7013+3.989%edgeX0.7013+3.993%Coinbase International0.7033+4.285%
BingX
SoDEX
OKX
Reya
Aster
Backpack
Orderly
BloFin
Aevo
Binance
MEXC
Extended
KuCoin
Deribit
Polymarket Perps
Bitget
GMX
Pacifica
gTrade (Gains Network)
SunX
Variational Omni
Hyperliquid
Kraken Futures
Phoenix
ApeX 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 | −3.504% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Gate VIRTUAL_USDT | −0.027% | +0.0046% | 4h | $1.4M | $3.1M | 75x | as long as short |
| Bybit VIRTUALUSDT | −0.013% | −0.0181% | 4h | $15.2M | $15.5M | 50x | as long as short |
| Lighter VIRTUALlong | 0.000% | −0.0304% | 1h | $317K | $389K | 5x | |
| 01 Exchange VIRTUALUSDshort | +0.016% | −0.0176% | 1h | $2K | $131 | 10x | |
| BingX VIRTUAL-USDT | +0.016% | +0.0100% | 4h | — | $8.2M | — | as long as short |
| SoDEX VIRTUAL-USD | +0.026% | +0.0046% | 1h | $1K | $9K | 5x | as long as short |
| OKX VIRTUAL-USDT-SWAP | +0.030% | +0.0100% | 4h | $2.7M | $9.5M | 20x | as long as short |
| Reya VIRTUALRUSDPERP | +0.031% | −0.0139% | 1h | $23 | — | 10x | as long as short |
| Aster VIRTUALUSDT | +0.036% | +0.0100% | 4h | $176K | $63K | 20x | as long as short |