Spread before costs (cost unknown: a leg has no order-book sample)+0.048%
7d average+0.011%if it closes, per $10,000$5funding while held, a day−$2.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni VIRTUAL | 0.7110 | 0.0052 | pay 0.0026% / 4h | 3h 31m | $601K | $803K | — |
| Short | Lighter VIRTUAL | 0.7114 | −0.0032 | pay 0.0004% / 1h | 31m 26s | $323K | $411K | 5x |
Variational Omni 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
- $4.81
- Funding while held
- −$2.53
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $2.28
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 14 min ago; Lighter: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0084%
- Per $10,000 a day
- −$2.53
- 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 Variational Omni RFQ quote, 14 min ago | 4.23 bp | doesn't fit | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.61 bp | 6.8 bp −$7 | 54.9 bp −$549 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
Aevo0.7090+5.126%BloFin0.7091+5.145%Phoenix0.7092+5.165%ApeX Omni0.7093+5.175%SunX0.7095+5.205%Orderly0.7099+5.264%SoDEX0.7099+5.264%Deribit0.7100+5.279%GMX0.7103+5.320%edgeX0.7103+5.323%01 Exchange0.7105+5.353%Aster0.7110+5.426%Backpack0.7110+5.427%
Injective
Aevo
BloFin
Phoenix
ApeX Omni
SunX
Orderly
SoDEX
Deribit
GMX
Aster
BackpackVariational Omni0.7110+5.430%
Kraken Futures0.7111+5.440%
Kraken FuturesLighter0.7114+5.480%
Extended0.7116+5.514%OKX0.7116+5.516%Bybit0.7117+5.531%BingX0.7117+5.531%MEXC0.7118+5.546%Reya0.7118+5.547%Binance0.7118+5.551%Gate0.7119+5.560%KuCoin0.7119+5.560%Pacifica0.7121+5.591%Bitget0.7122+5.605%gTrade (Gains Network)0.7123+5.618%Polymarket Perps0.7124+5.632%Hyperliquid0.7130+5.721%Coinbase International0.7131+5.738%
Extended
OKX
Bybit
BingX
MEXC
Reya
Binance
Gate
KuCoin
Pacifica
Bitget
gTrade (Gains Network)
Polymarket Perps
Hyperliquid
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 | −5.150% | +0.0033% | 1h | $43 | $28K | 5.5x | as long as short |
| Aevo VIRTUAL-PERP | −0.288% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| BloFin VIRTUAL-USDT | −0.270% | +0.0340% | 4h | $828K | $791K | 75x | as long as short |
| Phoenix VIRTUAL | −0.251% | −0.0090% | 1h | $11K | $46K | 5x | as long as short |
| ApeX Omni VIRTUALUSDT | −0.242% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| SunX VIRTUAL-USDT | −0.213% | +0.0100% | 4h | $1K | $1.3M | 20x | as long as short |
| Orderly PERP_VIRTUAL_USDC | −0.157% | +0.0064% | 4h | $14K | $1.5M | 10x | as long as short |
| SoDEX VIRTUAL-USD | −0.157% | −0.0056% | 1h | $211 | $8K | 5x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.143% | −0.0172% | 1h | $15K | $40K | 10x | as long as short |
| GMX VIRTUAL/USD [WBTC.b-USDC] | −0.104% | L +0.0297% / S −0.0228% | 1h | $30K | — | 100x | as long as short |