After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.028%7d average+0.009%fees + slippage, in and out−$40spread needed0.402%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VVV_USDC_PERP | 31.979 | 0.0345 | pay 0.0043% / 1h | 1m 28s | $140K | $355K | 5x |
| Short | Lighter VVV | 31.970 | 0.0096 | get 0.0012% / 1h | 1m 28s | $2.4M | $4.8M | 5x |
Backpack VVV_USDC_PERP
Lighter VVVPrice 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
- −$2.85
- Funding while held
- −$7.46
- Slippage, 4 orders
- −$30.19
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$50.5
- Spread needed to break even
- 0.402%
Slippage from Backpack: live order book, 54 min ago; Lighter: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0249%
- Per $10,000 a day
- −$7.46
- 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, 54 min ago | 1.92 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 1.52 bp | 7.4 bp −$7 | 39.0 bp −$390 | 936.1 bp −$93.6K | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Gate31.930cheapestPolymarket Perps31.941+0.034%Aster31.946+0.050%Bitget31.947+0.053%RISEx31.950+0.063%Lighter RH31.955+0.078%Derive31.957+0.084%Bybit31.959+0.091%Paradex31.959+0.091%Extended31.960+0.095%Pacifica31.962+0.100%GMX31.963+0.103%BingX31.964+0.106%KuCoin31.969+0.122%edgeX31.969+0.123%gTrade (Gains Network)31.970+0.124%OKX31.970+0.125%
Gate
Polymarket Perps
Aster
Bitget
RISEx
Lighter RH
Derive
Bybit
Paradex
Extended
Pacifica
GMX
BingX
KuCoin
gTrade (Gains Network)
OKXLighter31.970+0.126%
Binance31.971+0.128%MEXC31.971+0.128%Deribit31.971+0.128%Aevo31.974+0.139%Kalshi31.979+0.153%
Binance
MEXC
Deribit
AevoBackpack31.979+0.155%
01 Exchange31.980+0.157%Hyperliquid31.985+0.172%BloFin31.989+0.185%Nado31.994+0.199%Variational Omni32.008+0.245%Phoenix32.012+0.257%Phemex32.027+0.304%Coinbase International32.071+0.442%Injective32.820+2.787%
Hyperliquid
BloFin
Nado
Variational Omni
Phoenix
Phemex
Coinbase International
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate VVV_USDT | −0.154% | +0.0100% | 4h | $10.8M | $8.0M | 25x | as long as short |
| Polymarket Perps VVV-USD | −0.120% | +0.0100% | 1h | $128K | $801K | 3x | as long as short |
| Aster VVVUSDT | −0.104% | +0.0100% | 4h | $389K | $1.7M | 10x | as long as short |
| Bitget VVVUSDT | −0.101% | +0.0100% | 4h | $5.8M | $7.9M | 20x | as long as short |
| RISEx VVV/USDC | −0.091% | +0.0358% | 1h | $383K | $561K | 5x | as long as short |
| Lighter RH VVV | −0.076% | +0.0096% | 1h | $489K | $1.5M | 5x | as long as short |
| Derive VVV-PERP | −0.071% | +0.0100% | 1h | $427 | $343 | 5x | as long as short |
| Bybit VVVUSDT | −0.064% | +0.0100% | 4h | $39.8M | $48.1M | 20x | as long as short |
| Paradex VVV-USD-PERP | −0.064% | +0.0101% | 8h | $3K | $86 | 5x | as long as short |
| Extended VVV-USD | −0.060% | +0.0104% | 1h | $308K | $1.7M | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica VVV | −0.055% | +0.0100% | 1h | $173K | $236K | 10x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.052% | L +0.0486% / S −0.0238% | 1h | $531K | — | 100x | as long as short |
| BingX VVV-USDT | −0.048% | +0.0100% | 4h | — | $4.7M | — | as long as short |
| KuCoin VVVUSDTM | −0.033% | +0.0100% | 4h | $1.9M | $2.3M | 20x | as long as short |
| edgeX VVVUSDC | −0.031% | +0.0102% | 4h | $76K | $313K | 10x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.031% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| OKX VVV-USDT-SWAP | −0.029% | +0.0100% | 4h | $5.2M | $41.2M | 20x | as long as short |
| Lighter VVVshort | −0.028% | +0.0096% | 1h | $2.4M | $4.8M | 5x | |
| Binance VVVUSDT | −0.026% | +0.0100% | 4h | $36.0M | $148.9M | 25x | as long as short |
| MEXC VVV_USDT | −0.026% | +0.0100% | 4h | $15.7M | $7.0M | 50x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.026% | 0.0000% | 1h | $98K | $13K | 10x | as long as short |
| Aevo VVV-PERP | −0.016% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Kalshi KXVVVPERP | −0.001% | +0.0137% | 8h | $139K | $7.4M | 1.7x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0345% | 1h | $140K | $355K | 5x | |
| 01 Exchange VVVUSD | +0.002% | +0.0136% | 1h | $11K | $5K | 3x | as long as short |
| Hyperliquid VVV | +0.018% | +0.0217% | 1h | $76.4M | $51.1M | 3x | as long as short |
| BloFin VVV-USDT | +0.030% | +0.0066% | 4h | $1.4M | $1.6M | 25x | as long as short |
| Nado VVV-PERP | +0.044% | +0.0100% | 1h | $151K | $628K | 3x | as long as short |
| Variational Omni VVV | +0.090% | +0.0100% | 4h | $2.1M | $237K | — | as long as short |
| Phoenix VVV | +0.102% | +0.0419% | 1h | $59K | $305K | 5x | as long as short |
| Phemex VVVUSDT | +0.149% | +0.0100% | 4h | $2.2M | $2.0M | 50x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.287% | +0.0232% | 1h | $163K | $1.3M | 25x | as long as short |
| Injective VVV/USDC PERP | +2.629% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |