After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.198%7d average−0.091%fees + slippage, in and out−$70spread needed0.702%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VVV_USDC_PERP | 30.686 | 0.0618 | pay 0.0077% / 1h | 36m 18s | $126K | $351K | 5x |
| Short | Extended VVV-USD | 30.747 | 0.0104 | get 0.0013% / 1h | 36m 18s | $296K | $1.6M | 5x |
Backpack VVV_USDC_PERP
Extended VVV-USDPrice 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
- $19.78
- Funding while held
- −$15.43
- Slippage, 4 orders
- −$55.21
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$65.87
- Spread needed to break even
- 0.702%
Slippage from Backpack: live order book, 4 min ago; Extended: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0514%
- Per $10,000 a day
- −$15.43
- 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, 4 min ago | 2.82 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.34 bp | 19.7 bp −$20 | 257.8 bp −$2,578 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International30.386cheapestVariational Omni30.471+0.280%Phoenix30.641+0.839%Pacifica30.654+0.884%Paradex30.667+0.924%
Coinbase International
Variational Omni
Phoenix
Pacifica
ParadexBackpack30.686+0.987%
BloFin30.688+0.994%RISEx30.691+1.003%Nado30.701+1.038%Kalshi30.703+1.043%01 Exchange30.708+1.060%Gate30.711+1.070%Polymarket Perps30.713+1.076%KuCoin30.715+1.083%Phemex30.715+1.083%GMX30.721+1.102%gTrade (Gains Network)30.721+1.104%Hyperliquid30.732+1.139%Derive30.734+1.147%edgeX30.735+1.149%BingX30.740+1.165%Bitget30.742+1.172%
BloFin
RISEx
Nado
Gate
Polymarket Perps
KuCoin
Phemex
GMX
gTrade (Gains Network)
Hyperliquid
Derive
BingX
BitgetExtended30.747+1.187%
MEXC30.751+1.201%Aevo30.751+1.202%Bybit30.753+1.206%Deribit30.755+1.214%Binance30.757+1.220%Lighter30.757+1.221%Lighter RH30.764+1.244%Aster30.765+1.247%OKX30.770+1.264%
MEXC
Aevo
Bybit
Deribit
Binance
Lighter
Lighter RH
Aster
OKXInjective32.820+8.010%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International VVV-PERP-INTX | −0.978% | +0.0176% | 1h | $216K | $1.0M | 25x | as long as short |
| Variational Omni VVV | −0.700% | +0.0100% | 4h | $2.0M | $209K | — | as long as short |
| Phoenix VVV | −0.147% | +0.0105% | 1h | $54K | $278K | 5x | as long as short |
| Pacifica VVV | −0.103% | +0.0100% | 1h | $168K | $158K | 10x | as long as short |
| Paradex VVV-USD-PERP | −0.062% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0618% | 1h | $126K | $351K | 5x | |
| BloFin VVV-USDT | +0.007% | +0.0050% | 4h | $1.3M | $1.5M | 25x | as long as short |
| RISEx VVV/USDC | +0.016% | +0.0082% | 1h | $381K | $572K | 5x | as long as short |
| Nado VVV-PERP | +0.051% | +0.0100% | 1h | $118K | $719K | 3x | as long as short |
| Kalshi KXVVVPERP | +0.055% | 0.0000% | 8h | $144K | $6.6M | 1.7x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange VVVUSD | +0.072% | +0.0344% | 1h | $11K | $3K | 3x | as long as short |
| Gate VVV_USDT | +0.081% | +0.0100% | 4h | $10.4M | $7.3M | 25x | as long as short |
| Polymarket Perps VVV-USD | +0.088% | +0.0100% | 1h | $127K | $847K | 3x | as long as short |
| KuCoin VVVUSDTM | +0.095% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| Phemex VVVUSDT | +0.095% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| GMX VVV/USD [ETH-USDC] | +0.114% | L +0.0436% / S −0.0202% | 1h | $510K | — | 100x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.115% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Hyperliquid VVV | +0.150% | +0.0185% | 1h | $70.2M | $50.7M | 3x | as long as short |
| Derive VVV-PERP | +0.158% | +0.0100% | 1h | $410 | $343 | 5x | as long as short |
| edgeX VVVUSDC | +0.160% | +0.0112% | 4h | $76K | $326K | 10x | as long as short |
| BingX VVV-USDT | +0.176% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| Bitget VVVUSDT | +0.182% | +0.0100% | 4h | $5.6M | $8.0M | 20x | as long as short |
| Extended VVV-USDshort | +0.198% | +0.0104% | 1h | $296K | $1.6M | 5x | |
| MEXC VVV_USDT | +0.212% | +0.0100% | 4h | $15.4M | $6.4M | 50x | as long as short |
| Aevo VVV-PERP | +0.212% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Bybit VVVUSDT | +0.217% | +0.0100% | 4h | $38.9M | $48.9M | 20x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +0.224% | +0.0384% | 1h | $88K | $22K | 10x | as long as short |
| Binance VVVUSDT | +0.230% | +0.0100% | 4h | $33.7M | $148.0M | 25x | as long as short |
| Lighter VVV | +0.232% | +0.0096% | 1h | $2.1M | $5.2M | 5x | as long as short |
| Lighter RH VVV | +0.254% | +0.0096% | 1h | $455K | $1.5M | 5x | as long as short |
| Aster VVVUSDT | +0.257% | +0.0100% | 4h | $301K | $1.7M | 10x | as long as short |
| OKX VVV-USDT-SWAP | +0.274% | +0.0100% | 4h | $5.0M | $38.5M | 20x | as long as short |
| Injective VVV/USDC PERP | +6.954% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |