Spread before costs (cost unknown: a leg has no order-book sample)−0.106%
7d average—if it closes, per $10,000$11funding while held, a day+$7.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange VIRTUALUSD | 0.7080 | −0.0160 | get 0.0020% / 1h | 11m 26s | $2K | $539 | 10x |
| Short | Lighter VIRTUAL | 0.7073 | 0.0096 | get 0.0012% / 1h | 11m 26s | $324K | $367K | 5x |
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
- −$10.59
- Funding while held
- $7.68
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.91
- Spread needed to break even
- 0.070%
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 30 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0256%
- Per $10,000 a day
- +$7.68
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 30 min ago | 3.75 bp | 7.5 bp −$8 | 55.8 bp −$558 | doesn't fit | doesn't fit |
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.Injective0.6744cheapestVariational Omni0.7035+4.313%ApeX Omni0.7047+4.493%Phoenix0.7057+4.641%edgeX0.7064+4.745%BloFin0.7066+4.775%
Injective
Variational Omni
ApeX Omni
Phoenix
BloFinLighter0.7073+4.871%
SoDEX0.7075+4.901%Aevo0.7075+4.904%Gate0.7076+4.923%MEXC0.7076+4.923%Orderly0.7076+4.923%Deribit0.7076+4.923%GMX0.7076+4.927%gTrade (Gains Network)0.7077+4.934%SunX0.7077+4.938%Extended0.7077+4.938%BingX0.7078+4.953%Coinbase International0.7078+4.953%Pacifica0.7079+4.966%Backpack0.7079+4.967%Aster0.7079+4.971%KuCoin0.7080+4.982%Bybit0.7082+5.012%OKX0.7082+5.012%Reya0.7083+5.022%Binance0.7084+5.040%Kraken Futures0.7087+5.086%Bitget0.7087+5.086%Polymarket Perps0.7089+5.123%Hyperliquid0.7092+5.163%
SoDEX
Aevo
Gate
MEXC
Orderly
Deribit
GMX
gTrade (Gains Network)
SunX
Extended
BingX
Coinbase International
Pacifica
Backpack
Aster
KuCoin
Bybit
OKX
Reya
Binance
Kraken Futures
Bitget
Polymarket Perps
HyperliquidVIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −4.746% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| Variational Omni VIRTUAL | −0.637% | −0.0022% | 4h | $592K | $801K | — | as long as short |
| ApeX Omni VIRTUALUSDT | −0.466% | +0.0100% | 1h | $40K | $241K | 50x | as long as short |
| Phoenix VIRTUAL | −0.325% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| edgeX VIRTUALUSDC | −0.226% | +0.0100% | 4h | $18K | $254K | 10x | as long as short |
| BloFin VIRTUAL-USDT | −0.198% | +0.0340% | 4h | $838K | $777K | 75x | as long as short |
| Lighter VIRTUALshort | −0.106% | +0.0096% | 1h | $324K | $367K | 5x | |
| SoDEX VIRTUAL-USD | −0.078% | +0.0100% | 1h | $206 | $8K | 5x | as long as short |
| Aevo VIRTUAL-PERP | −0.074% | +0.0104% | 1h | $18K | $505 | 3x | as long as short |
| Gate VIRTUAL_USDT | −0.056% | +0.0100% | 4h | $1.4M | $3.1M | 75x | as long as short |