Spread before costs (cost unknown: a leg has no order-book sample)+5.337%
7d average—if it closes, per $10,000$534funding while held, a day−$13.13
| 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 09s | $130K | $363K | 5x |
| Short | Injective VVV/USDC PERP | 32.820 | 0.0033 | get 0.0004% / 1h | 15m 09s | $2K | $1K | 5.5x |
Backpack VVV_USDC_PERP
Injective VVV/USDC PERPPrice 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
- $533.71
- Funding while held
- −$13.13
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $510.56
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 35 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0438%
- Per $10,000 a day
- −$13.13
- 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 Injective no order-book sample | — | — | — | — | — |
Injective: 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.edgeX31.057cheapestVariational Omni31.081+0.079%Phoenix31.128+0.230%
Variational Omni
PhoenixBackpack31.157+0.323%
Pacifica31.167+0.354%Paradex31.168+0.359%Polymarket Perps31.172+0.371%RISEx31.176+0.384%Kalshi31.177+0.387%Gate31.178+0.391%01 Exchange31.182+0.403%Coinbase International31.193+0.438%Aster31.200+0.460%Nado31.206+0.479%Derive31.209+0.492%GMX31.211+0.496%Bybit31.215+0.508%Phemex31.218+0.519%Bitget31.220+0.526%Aevo31.221+0.527%KuCoin31.222+0.532%Lighter31.223+0.535%Lighter RH31.223+0.535%Hyperliquid31.224+0.539%Deribit31.224+0.539%Extended31.225+0.541%gTrade (Gains Network)31.225+0.542%BloFin31.227+0.548%OKX31.230+0.558%MEXC31.231+0.561%BingX31.233+0.568%Binance31.236+0.577%
Pacifica
Paradex
Polymarket Perps
RISEx
Gate
Coinbase International
Aster
Nado
Derive
GMX
Bybit
Phemex
Bitget
Aevo
KuCoin
Lighter
Lighter RH
Hyperliquid
Deribit
Extended
gTrade (Gains Network)
BloFin
OKX
MEXC
BingX
BinanceInjective32.820+5.678%
VVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX VVVUSDC | −0.322% | +0.0119% | 4h | $68K | $318K | 10x | as long as short |
| Variational Omni VVV | −0.243% | +0.0100% | 4h | $2.1M | $238K | — | as long as short |
| Phoenix VVV | −0.093% | +0.0276% | 1h | $55K | $302K | 5x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0471% | 1h | $130K | $363K | 5x | |
| 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 |
| Polymarket Perps VVV-USD | +0.048% | +0.0100% | 1h | $139K | $759K | 3x | as long as short |
| RISEx VVV/USDC | +0.061% | +0.0122% | 1h | $374K | $566K | 5x | as long as short |
| Kalshi KXVVVPERP | +0.064% | 0.0000% | 8h | $131K | $7.2M | 1.7x | as long as short |
| Gate VVV_USDT | +0.067% | +0.0100% | 4h | $10.6M | $7.8M | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange VVVUSD | +0.080% | +0.0192% | 1h | $11K | $3K | 3x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.114% | +0.0248% | 1h | $213K | $1.3M | 25x | as long as short |
| Aster VVVUSDT | +0.136% | +0.0100% | 4h | $366K | $1.7M | 10x | as long as short |
| Nado VVV-PERP | +0.155% | +0.0100% | 1h | $140K | $658K | 3x | as long as short |
| Derive VVV-PERP | +0.168% | +0.0100% | 1h | $417 | $343 | 5x | as long as short |
| GMX VVV/USD [ETH-USDC] | +0.172% | L +0.0436% / S −0.0196% | 1h | $515K | — | 100x | as long as short |
| Bybit VVVUSDT | +0.185% | +0.0100% | 4h | $39.0M | $49.0M | 20x | as long as short |
| Phemex VVVUSDT | +0.195% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Bitget VVVUSDT | +0.202% | +0.0100% | 4h | $5.8M | $8.1M | 20x | as long as short |
| Aevo VVV-PERP | +0.204% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| KuCoin VVVUSDTM | +0.208% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| Lighter VVV | +0.211% | +0.0096% | 1h | $2.2M | $5.1M | 5x | as long as short |
| Lighter RH VVV | +0.212% | +0.0096% | 1h | $463K | $1.5M | 5x | as long as short |
| Hyperliquid VVV | +0.215% | +0.0170% | 1h | $72.8M | $53.5M | 3x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +0.215% | +0.0099% | 1h | $91K | $18K | 10x | as long as short |
| Extended VVV-USD | +0.217% | +0.0104% | 1h | $300K | $1.6M | 5x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.218% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| BloFin VVV-USDT | +0.224% | +0.0109% | 4h | $1.4M | $1.6M | 25x | as long as short |
| OKX VVV-USDT-SWAP | +0.234% | +0.0100% | 4h | $5.1M | $39.9M | 20x | as long as short |
| MEXC VVV_USDT | +0.237% | +0.0100% | 4h | $15.4M | $6.9M | 50x | as long as short |
| BingX VVV-USDT | +0.244% | +0.0100% | 4h | — | $4.8M | — | as long as short |
| Binance VVVUSDT | +0.253% | +0.0100% | 4h | $34.8M | $150.2M | 25x | as long as short |
| Injective VVV/USDC PERPshort | +5.337% | +0.0033% | 1h | $2K | $1K | 5.5x |