After costs, if the gap returns to its 7d average, $10k−$76
spread now−0.226%7d average−0.120%fees + slippage, in and out−$65spread needed0.654%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VVV_USDC_PERP | 31.206 | 0.0631 | pay 0.0079% / 1h | 32m 37s | $126K | $361K | 5x |
| Short | Bybit VVVUSDT | 31.135 | 0.0100 | get 0.0050% / 4h | 3h 32m | $38.9M | $48.8M | 20x |
Backpack VVV_USDC_PERP
Bybit VVVUSDTPrice 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
- −$22.62
- Funding while held
- −$15.93
- Slippage, 4 orders
- −$44.39
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.94
- Spread needed to break even
- 0.654%
Slippage from Backpack: live order book, 12 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0531%
- Per $10,000 a day
- −$15.93
- 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, 12 min ago | 2.43 bp | 15.4 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.16 bp | 18.4 bp −$18 | 62.8 bp −$628 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Bitget31.127cheapestVariational Omni31.131+0.014%RISEx31.132+0.015%
Bitget
Variational Omni
RISExBybit31.135+0.027%
Extended31.139+0.038%Binance31.140+0.041%Gate31.140+0.042%Coinbase International31.140+0.042%Lighter RH31.141+0.045%MEXC31.142+0.048%OKX31.146+0.061%Paradex31.147+0.064%Lighter31.149+0.070%01 Exchange31.155+0.090%Pacifica31.158+0.100%BingX31.162+0.112%BloFin31.165+0.122%Hyperliquid31.166+0.125%Phoenix31.166+0.125%Derive31.168+0.132%Deribit31.169+0.134%Aster31.169+0.136%Phemex31.170+0.138%Nado31.172+0.145%GMX31.177+0.160%Polymarket Perps31.179+0.167%KuCoin31.182+0.177%edgeX31.183+0.181%gTrade (Gains Network)31.185+0.187%Aevo31.187+0.194%Kalshi31.192+0.209%
Extended
Binance
Gate
Coinbase International
Lighter RH
MEXC
OKX
Paradex
Lighter
Pacifica
BingX
BloFin
Hyperliquid
Phoenix
Derive
Deribit
Aster
Phemex
Nado
GMX
Polymarket Perps
KuCoin
gTrade (Gains Network)
AevoBackpack31.206+0.253%
Injective32.820+5.439%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget VVVUSDT | −0.253% | +0.0100% | 4h | $5.7M | $7.9M | 20x | as long as short |
| Variational Omni VVV | −0.239% | +0.0100% | 4h | $2.1M | $209K | — | as long as short |
| RISEx VVV/USDC | −0.238% | +0.0156% | 1h | $375K | $551K | 5x | as long as short |
| Bybit VVVUSDTshort | −0.226% | +0.0100% | 4h | $38.9M | $48.8M | 20x | |
| Extended VVV-USD | −0.215% | +0.0104% | 1h | $300K | $1.6M | 5x | as long as short |
| Binance VVVUSDT | −0.212% | +0.0100% | 4h | $34.4M | $148.0M | 25x | as long as short |
| Gate VVV_USDT | −0.211% | +0.0100% | 4h | $10.6M | $7.3M | 25x | as long as short |
| Coinbase International VVV-PERP-INTX | −0.211% | +0.0200% | 1h | $222K | $1.2M | 25x | as long as short |
| Lighter RH VVV | −0.208% | +0.0096% | 1h | $466K | $1.5M | 5x | as long as short |
| MEXC VVV_USDT | −0.205% | +0.0100% | 4h | $15.5M | $6.6M | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX VVV-USDT-SWAP | −0.192% | +0.0100% | 4h | $5.1M | $39.1M | 20x | as long as short |
| Paradex VVV-USD-PERP | −0.189% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Lighter VVV | −0.183% | +0.0096% | 1h | $2.1M | $5.1M | 5x | as long as short |
| 01 Exchange VVVUSD | −0.163% | +0.0208% | 1h | $11K | $3K | 3x | as long as short |
| Pacifica VVV | −0.153% | +0.0100% | 1h | $171K | $162K | 10x | as long as short |
| BingX VVV-USDT | −0.141% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| BloFin VVV-USDT | −0.131% | +0.0074% | 4h | $1.4M | $1.5M | 25x | as long as short |
| Hyperliquid VVV | −0.128% | +0.0100% | 1h | $71.7M | $50.7M | 3x | as long as short |
| Phoenix VVV | −0.128% | +0.0232% | 1h | $55K | $297K | 5x | as long as short |
| Derive VVV-PERP | −0.121% | +0.0100% | 1h | $416 | $343 | 5x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.120% | 0.0000% | 1h | $89K | $22K | 10x | as long as short |
| Aster VVVUSDT | −0.117% | +0.0100% | 4h | $346K | $1.7M | 10x | as long as short |
| Phemex VVVUSDT | −0.115% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Nado VVV-PERP | −0.109% | +0.0100% | 1h | $127K | $670K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.094% | L +0.0437% / S −0.0200% | 1h | $516K | — | 100x | as long as short |
| Polymarket Perps VVV-USD | −0.086% | +0.0100% | 1h | $134K | $860K | 3x | as long as short |
| KuCoin VVVUSDTM | −0.077% | +0.0100% | 4h | $2.4M | $2.5M | 20x | as long as short |
| edgeX VVVUSDC | −0.072% | +0.0111% | 4h | $77K | $326K | 10x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.067% | L +0.0004% / S −0.0004% | 1h | $19K | — | 150x | as long as short |
| Aevo VVV-PERP | −0.059% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Kalshi KXVVVPERP | −0.045% | 0.0000% | 8h | $133K | $6.9M | 1.7x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0631% | 1h | $126K | $361K | 5x | |
| Injective VVV/USDC PERP | +5.172% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |