After costs, if the gap returns to its 7d average, $10k−$38
spread now+0.096%7d average−0.063%fees + slippage, in and out−$54spread needed0.541%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VVV_USDC_PERP | 31.157 | 0.0471 | pay 0.0059% / 1h | 15m 30s | $130K | $363K | 5x |
| Short | BingX VVV-USDT | 31.187 | 0.0100 | get 0.0050% / 4h | 15m 30s | — | $4.8M | — |
Backpack VVV_USDC_PERP
BingX VVV-USDTPrice 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
- $9.6
- Funding while held
- −$11.13
- Slippage, 4 orders
- −$34.13
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.66
- Spread needed to break even
- 0.541%
Slippage from Backpack: live order book, 35 min ago; BingX: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0371%
- Per $10,000 a day
- −$11.13
- 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 Backpack live order book, 35 min ago | 2.24 bp | 16.5 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 0.64 bp | 9.2 bp −$9 | 26.1 bp −$261 | 211.9 bp −$21.2K | 535.7 bp −$267.8K |
VVV price on every exchange
against the cheapest. Click to use as the short leg.BloFin31.045cheapestedgeX31.057+0.038%Phoenix31.064+0.061%Variational Omni31.081+0.117%Kalshi31.089+0.142%Polymarket Perps31.112+0.216%GMX31.114+0.223%Deribit31.117+0.231%gTrade (Gains Network)31.122+0.249%Derive31.124+0.253%Aevo31.132+0.280%KuCoin31.133+0.283%Phemex31.143+0.316%Aster31.148+0.333%Nado31.157+0.359%
BloFin
Phoenix
Variational Omni
Polymarket Perps
GMX
Deribit
gTrade (Gains Network)
Derive
Aevo
KuCoin
Phemex
Aster
NadoBackpack31.157+0.361%
Lighter RH31.163+0.380%Bitget31.163+0.380%Coinbase International31.165+0.385%Pacifica31.167+0.392%Paradex31.168+0.397%Extended31.169+0.400%Gate31.170+0.403%Lighter31.173+0.412%MEXC31.175+0.419%RISEx31.176+0.422%Hyperliquid31.177+0.426%01 Exchange31.182+0.441%
Lighter RH
Bitget
Coinbase International
Pacifica
Paradex
Extended
Gate
Lighter
MEXC
RISEx
HyperliquidBingX31.187+0.457%
Bybit31.201+0.502%Binance31.206+0.519%OKX31.214+0.544%
Bybit
Binance
OKXInjective32.820+5.718%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin VVV-USDT | −0.360% | +0.0053% | 4h | $1.4M | $1.5M | 25x | as long as short |
| edgeX VVVUSDC | −0.322% | +0.0119% | 4h | $68K | $318K | 10x | as long as short |
| Phoenix VVV | −0.299% | +0.0276% | 1h | $55K | $302K | 5x | as long as short |
| Variational Omni VVV | −0.243% | +0.0100% | 4h | $2.1M | $238K | — | as long as short |
| Kalshi KXVVVPERP | −0.219% | 0.0000% | 8h | $131K | $7.2M | 1.7x | as long as short |
| Polymarket Perps VVV-USD | −0.145% | +0.0100% | 1h | $139K | $758K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.138% | L +0.0436% / S −0.0196% | 1h | $514K | — | 100x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.130% | 0.0000% | 1h | $91K | $18K | 10x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.112% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Derive VVV-PERP | −0.108% | +0.0100% | 1h | $415 | $343 | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo VVV-PERP | −0.081% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| KuCoin VVVUSDTM | −0.077% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| Phemex VVVUSDT | −0.045% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Aster VVVUSDT | −0.028% | +0.0100% | 4h | $366K | $1.7M | 10x | as long as short |
| Nado VVV-PERP | −0.002% | +0.0100% | 1h | $139K | $658K | 3x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0471% | 1h | $130K | $363K | 5x | |
| Lighter RH VVV | +0.019% | +0.0096% | 1h | $463K | $1.5M | 5x | as long as short |
| Bitget VVVUSDT | +0.019% | +0.0100% | 4h | $5.7M | $8.1M | 20x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.024% | +0.0248% | 1h | $216K | $1.3M | 25x | as long as short |
| Pacifica VVV | +0.031% | +0.0100% | 1h | $171K | $168K | 10x | as long as short |
| Paradex VVV-USD-PERP | +0.035% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Extended VVV-USD | +0.039% | +0.0104% | 1h | $300K | $1.6M | 5x | as long as short |
| Gate VVV_USDT | +0.041% | +0.0100% | 4h | $10.5M | $7.8M | 25x | as long as short |
| Lighter VVV | +0.051% | +0.0096% | 1h | $2.2M | $5.1M | 5x | as long as short |
| MEXC VVV_USDT | +0.057% | +0.0100% | 4h | $15.4M | $6.9M | 50x | as long as short |
| RISEx VVV/USDC | +0.061% | +0.0122% | 1h | $374K | $566K | 5x | as long as short |
| Hyperliquid VVV | +0.064% | +0.0169% | 1h | $72.7M | $53.5M | 3x | as long as short |
| 01 Exchange VVVUSD | +0.080% | +0.0192% | 1h | $11K | $3K | 3x | as long as short |
| BingX VVV-USDTshort | +0.096% | +0.0100% | 4h | — | $4.8M | — | |
| Bybit VVVUSDT | +0.140% | +0.0100% | 4h | $39.0M | $49.0M | 20x | as long as short |
| Binance VVVUSDT | +0.157% | +0.0100% | 4h | $34.8M | $150.1M | 25x | as long as short |
| OKX VVV-USDT-SWAP | +0.183% | +0.0100% | 4h | $5.0M | $39.8M | 20x | as long as short |
| Injective VVV/USDC PERP | +5.337% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |