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 | Pacifica VIRTUAL | 0.6970 | 0.0100 | pay 0.0013% / 1h | 57m 07s | $72K | $41K | 5x |
| Short | Lighter VIRTUAL | 0.6970 | −0.0296 | pay 0.0037% / 1h | 57m 07s | $317K | $389K | 5x |
Pacifica VIRTUAL
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
- $0
- Funding while held
- −$11.88
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.88
- Spread needed to break even
- 0.080%
Slippage unknown: Pacifica: no order-book sample; Lighter: live order book, 34 min ago. 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 Pacifica no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 34 min ago | 4.28 bp | 5.9 bp −$6 | 43.9 bp −$439 | doesn't fit | doesn't fit |
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%Phoenix0.6964+3.258%ApeX Omni0.6965+3.277%Bybit0.6968+3.321%OKX0.6968+3.321%edgeX0.6969+3.332%
Injective
Variational Omni
Phoenix
ApeX Omni
Bybit
OKXLighter0.6970+3.351%
Pacifica0.6970+3.351%
01 Exchange0.6970+3.351%Gate0.6971+3.366%BingX0.6971+3.366%Extended0.6972+3.377%Aevo0.6972+3.378%MEXC0.6972+3.381%SoDEX0.6973+3.388%Reya0.6973+3.395%Orderly0.6974+3.410%KuCoin0.6975+3.425%Deribit0.6975+3.425%Binance0.6976+3.440%Bitget0.6976+3.440%Backpack0.6976+3.440%SunX0.6976+3.440%BloFin0.6976+3.440%GMX0.6976+3.446%Aster0.6977+3.450%Polymarket Perps0.6977+3.452%gTrade (Gains Network)0.6977+3.455%Coinbase International0.6979+3.485%Hyperliquid0.6981+3.520%Kraken Futures0.6987+3.597%
Gate
BingX
Extended
Aevo
MEXC
SoDEX
Reya
Orderly
KuCoin
Deribit
Binance
Bitget
Backpack
SunX
BloFin
GMX
Aster
Polymarket Perps
gTrade (Gains Network)
Coinbase International
Hyperliquid
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 |
| Phoenix VIRTUAL | −0.090% | −0.0138% | 1h | $11K | $48K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.072% | +0.0080% | 1h | $40K | $241K | 50x | as long as short |
| Bybit VIRTUALUSDT | −0.029% | −0.0219% | 4h | $15.2M | $15.5M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.029% | +0.0100% | 4h | $2.7M | $9.7M | 20x | as long as short |
| edgeX VIRTUALUSDC | −0.019% | +0.0100% | 4h | $18K | $255K | 10x | as long as short |
| Lighter VIRTUALshort | 0.000% | −0.0296% | 1h | $317K | $389K | 5x | |
| Pacifica VIRTUALlong | 0.000% | +0.0100% | 1h | $72K | $41K | 5x | |
| 01 Exchange VIRTUALUSD | 0.000% | −0.0160% | 1h | $2K | $131 | 10x | as long as short |