Spread before costs (cost unknown: a leg has no order-book sample)+0.096%
7d average—if it closes, per $10,000$10funding while held, a day−$9.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack VVV_USDC_PERP | 30.898 | 0.0528 | pay 0.0066% / 1h | 24m 50s | $123K | $360K | 5x |
| Short | 01 Exchange VVVUSD | 30.928 | 0.0208 | get 0.0026% / 1h | 24m 50s | $11K | $3K | 3x |
Backpack 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
- $9.64
- Funding while held
- −$9.61
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$16.96
- Spread needed to break even
- 0.170%
Slippage unknown: Backpack: live order book, 20 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0320%
- Per $10,000 a day
- −$9.61
- 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, 20 min ago | 2.43 bp | 15.4 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.Bitget30.842cheapestBybit30.844+0.006%Gate30.851+0.029%OKX30.852+0.032%Binance30.853+0.036%Extended30.867+0.082%Hyperliquid30.869+0.088%BingX30.877+0.113%Kalshi30.878+0.117%MEXC30.880+0.123%Polymarket Perps30.881+0.126%RISEx30.888+0.150%Aster30.889+0.153%Paradex30.891+0.159%KuCoin30.895+0.172%GMX30.897+0.178%Pacifica30.897+0.178%BloFin30.898+0.182%
Bitget
Bybit
Gate
OKX
Binance
Extended
Hyperliquid
BingX
MEXC
Polymarket Perps
RISEx
Aster
Paradex
KuCoin
GMX
Pacifica
BloFinBackpack30.898+0.182%
Deribit30.898+0.182%Derive30.900+0.189%gTrade (Gains Network)30.905+0.204%Lighter RH30.906+0.208%Aevo30.907+0.211%Nado30.908+0.216%Lighter30.916+0.240%Phemex30.924+0.266%Variational Omni30.942+0.324%Phoenix30.961+0.386%edgeX30.998+0.506%Coinbase International31.004+0.526%
Deribit
Derive
gTrade (Gains Network)
Lighter RH
Aevo
Nado
Lighter
Phemex
Variational Omni
Phoenix
Coinbase InternationalInjective32.820+6.413%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget VVVUSDT | −0.182% | +0.0100% | 4h | $5.7M | $7.9M | 20x | as long as short |
| Bybit VVVUSDT | −0.175% | +0.0100% | 4h | $38.5M | $48.4M | 20x | as long as short |
| Gate VVV_USDT | −0.153% | +0.0100% | 4h | $10.5M | $7.4M | 25x | as long as short |
| OKX VVV-USDT-SWAP | −0.150% | +0.0100% | 4h | $5.0M | $38.6M | 20x | as long as short |
| Binance VVVUSDT | −0.146% | +0.0100% | 4h | $33.9M | $147.2M | 25x | as long as short |
| Extended VVV-USD | −0.100% | +0.0104% | 1h | $298K | $1.6M | 5x | as long as short |
| Hyperliquid VVV | −0.095% | +0.0100% | 1h | $70.9M | $50.1M | 3x | as long as short |
| BingX VVV-USDT | −0.069% | +0.0094% | 4h | — | $4.9M | — | as long as short |
| Kalshi KXVVVPERP | −0.065% | 0.0000% | 8h | $134K | $6.7M | 1.7x | as long as short |
| MEXC VVV_USDT | −0.059% | +0.0100% | 4h | $15.5M | $6.7M | 50x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps VVV-USD | −0.056% | +0.0100% | 1h | $131K | $853K | 3x | as long as short |
| RISEx VVV/USDC | −0.032% | +0.0156% | 1h | $372K | $551K | 5x | as long as short |
| Aster VVVUSDT | −0.029% | +0.0100% | 4h | $341K | $1.7M | 10x | as long as short |
| Paradex VVV-USD-PERP | −0.023% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| KuCoin VVVUSDTM | −0.010% | +0.0100% | 4h | $2.4M | $2.4M | 20x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.005% | L +0.0434% / S −0.0200% | 1h | $511K | — | 100x | as long as short |
| Pacifica VVV | −0.004% | +0.0100% | 1h | $170K | $161K | 10x | as long as short |
| BloFin VVV-USDT | −0.001% | +0.0156% | 4h | $1.4M | $1.5M | 25x | as long as short |
| Backpack VVV_USDC_PERPlong | 0.000% | +0.0528% | 1h | $123K | $360K | 5x | |
| Deribit VVV_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $88K | $22K | 10x | as long as short |
| Derive VVV-PERP | +0.007% | +0.0100% | 1h | $413 | $343 | 5x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.021% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Lighter RH VVV | +0.025% | +0.0096% | 1h | $464K | $1.5M | 5x | as long as short |
| Aevo VVV-PERP | +0.028% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Nado VVV-PERP | +0.033% | +0.0100% | 1h | $122K | $668K | 3x | as long as short |
| Lighter VVV | +0.058% | +0.0096% | 1h | $2.2M | $5.2M | 5x | as long as short |
| Phemex VVVUSDT | +0.084% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| 01 Exchange VVVUSDshort | +0.096% | +0.0208% | 1h | $11K | $3K | 3x | |
| Variational Omni VVV | +0.142% | +0.0100% | 4h | $2.1M | $210K | — | as long as short |
| Phoenix VVV | +0.203% | +0.0232% | 1h | $54K | $297K | 5x | as long as short |
| edgeX VVVUSDC | +0.323% | +0.0118% | 4h | $77K | $325K | 10x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.343% | +0.0200% | 1h | $223K | $1.2M | 25x | as long as short |
| Injective VVV/USDC PERP | +6.220% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |