Spread before costs (cost unknown: a leg has no order-book sample)−0.215%
7d average−0.113%if it closes, per $10,000$22funding while held, a day−$16.07
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VVV_USDC_PERP | 31.920 | 0.0738 | pay 0.0092% / 1h | 36m 53s | $143K | $376K | 5x |
| Short | GMX VVV/USD [ETH-USDC] | 31.851 | L +0.0445% / S −0.0202% | get 0.0025% / 1h | 36m 53s | $529K | — | 100x |
Backpack VVV_USDC_PERP
GMX VVV/USD [ETH-USDC]Price 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
- −$21.54
- Funding while held
- −$16.07
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$59.61
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 63 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0536%
- Per $10,000 a day
- −$16.07
- 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, 63 min ago | 2.82 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.
VVV price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International31.711cheapestVariational Omni31.714+0.009%Phoenix31.747+0.113%edgeX31.770+0.187%Aster31.833+0.385%Pacifica31.842+0.412%BingX31.847+0.428%
Coinbase International
Variational Omni
Phoenix
Aster
Pacifica
BingXGMX31.851+0.440%
KuCoin31.854+0.450%gTrade (Gains Network)31.856+0.457%Derive31.856+0.458%Deribit31.858+0.463%Phemex31.858+0.463%Aevo31.860+0.471%Bybit31.861+0.473%Gate31.865+0.485%Bitget31.869+0.498%Kalshi31.869+0.498%Polymarket Perps31.869+0.498%RISEx31.870+0.502%Nado31.870+0.502%BloFin31.875+0.517%Paradex31.879+0.530%Extended31.884+0.546%Binance31.886+0.553%Lighter RH31.890+0.564%OKX31.890+0.564%MEXC31.892+0.570%Lighter31.896+0.581%01 Exchange31.904+0.608%
KuCoin
gTrade (Gains Network)
Derive
Deribit
Phemex
Aevo
Bybit
Gate
Bitget
Polymarket Perps
RISEx
Nado
BloFin
Paradex
Extended
Binance
Lighter RH
OKX
MEXC
LighterBackpack31.920+0.657%
Hyperliquid31.937+0.712%Injective32.820+3.497%
Hyperliquid
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 | −0.653% | +0.0200% | 1h | $220K | $1.1M | 25x | as long as short |
| Variational Omni VVV | −0.644% | +0.0100% | 4h | $2.1M | $184K | — | as long as short |
| Phoenix VVV | −0.541% | +0.0308% | 1h | $56K | $277K | 5x | as long as short |
| edgeX VVVUSDC | −0.467% | +0.0106% | 4h | $79K | $327K | 10x | as long as short |
| Aster VVVUSDT | −0.270% | +0.0100% | 4h | $279K | $1.8M | 10x | as long as short |
| Pacifica VVV | −0.244% | +0.0100% | 1h | $183K | $168K | 10x | as long as short |
| BingX VVV-USDT | −0.227% | +0.0100% | 4h | — | $5.0M | — | as long as short |
| GMX VVV/USD [ETH-USDC]short | −0.215% | L +0.0445% / S −0.0202% | 1h | $529K | — | 100x | |
| KuCoin VVVUSDTM | −0.206% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.199% | L +0.0004% / S −0.0004% | 1h | $19K | — | 150x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Derive VVV-PERP | −0.198% | +0.0100% | 1h | $425 | $343 | 5x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.193% | 0.0000% | 1h | $91K | $22K | 10x | as long as short |
| Phemex VVVUSDT | −0.193% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Aevo VVV-PERP | −0.185% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Bybit VVVUSDT | −0.183% | +0.0100% | 4h | $39.9M | $50.3M | 20x | as long as short |
| Gate VVV_USDT | −0.171% | +0.0100% | 4h | $10.8M | $7.5M | 25x | as long as short |
| Bitget VVVUSDT | −0.159% | +0.0100% | 4h | $5.9M | $8.3M | 20x | as long as short |
| Kalshi KXVVVPERP | −0.159% | 0.0000% | 8h | $130K | $6.7M | 1.7x | as long as short |
| Polymarket Perps VVV-USD | −0.159% | +0.0100% | 1h | $136K | $896K | 3x | as long as short |
| RISEx VVV/USDC | −0.154% | +0.0256% | 1h | $404K | $587K | 5x | as long as short |
| Nado VVV-PERP | −0.154% | +0.0100% | 1h | $149K | $785K | 3x | as long as short |
| BloFin VVV-USDT | −0.140% | +0.0159% | 4h | $1.4M | $1.6M | 25x | as long as short |
| Paradex VVV-USD-PERP | −0.126% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Extended VVV-USD | −0.111% | +0.0104% | 1h | $307K | $1.6M | 5x | as long as short |
| Binance VVVUSDT | −0.104% | +0.0100% | 4h | $34.5M | $150.0M | 25x | as long as short |
| Lighter RH VVV | −0.093% | +0.0096% | 1h | $481K | $1.5M | 5x | as long as short |
| OKX VVV-USDT-SWAP | −0.093% | +0.0100% | 4h | $4.9M | $40.4M | 20x | as long as short |
| MEXC VVV_USDT | −0.086% | +0.0100% | 4h | $16.4M | $6.6M | 50x | as long as short |
| Lighter VVV | −0.075% | +0.0248% | 1h | $2.2M | $5.4M | 5x | as long as short |
| 01 Exchange VVVUSD | −0.049% | +0.0488% | 1h | $11K | $3K | 3x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0738% | 1h | $143K | $376K | 5x | |
| Hyperliquid VVV | +0.055% | +0.1005% | 1h | $74.1M | $52.1M | 3x | as long as short |
| Injective VVV/USDC PERP | +2.821% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |