Spread before costs (cost unknown: a leg has no order-book sample)−0.076%
7d average−0.069%if it closes, per $10,000$8funding while held, a day+$3.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance VVVUSDT | 30.617 | 0.0100 | pay 0.0050% / 4h | 3h 15m | $33.7M | $147.5M | 25x |
| Short | GMX VVV/USD [ETH-USDC] | 30.594 | L +0.0433% / S −0.0201% | get 0.0025% / 1h | 15m 44s | $506K | — | 100x |
Binance VVVUSDT
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
- −$7.57
- Funding while held
- $3.02
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$26.55
- Spread needed to break even
- 0.220%
Slippage unknown: Binance: live order book, 14 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0101%
- Per $10,000 a day
- +$3.02
- 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 Binance live order book, 14 min ago | 0.16 bp | 12.8 bp −$13 | 43.3 bp −$433 | 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.Phoenix30.459cheapestCoinbase International30.500+0.135%edgeX30.527+0.225%Extended30.564+0.344%Polymarket Perps30.592+0.437%
Phoenix
Coinbase International
Extended
Polymarket PerpsGMX30.594+0.443%
gTrade (Gains Network)30.595+0.447%01 Exchange30.596+0.450%Derive30.596+0.451%Aster30.596+0.451%Phemex30.599+0.460%Nado30.599+0.461%Deribit30.604+0.476%Aevo30.605+0.478%Gate30.606+0.483%Lighter RH30.613+0.506%Bitget30.615+0.512%BloFin30.617+0.519%
gTrade (Gains Network)
Derive
Aster
Phemex
Nado
Deribit
Aevo
Gate
Lighter RH
Bitget
BloFinBinance30.617+0.519%
RISEx30.618+0.521%MEXC30.619+0.525%OKX30.623+0.538%Backpack30.623+0.539%Paradex30.624+0.541%Hyperliquid30.625+0.545%Lighter30.625+0.546%KuCoin30.626+0.548%Variational Omni30.627+0.552%Bybit30.628+0.553%BingX30.628+0.555%Kalshi30.630+0.561%Pacifica30.633+0.571%
RISEx
MEXC
OKX
Backpack
Paradex
Hyperliquid
Lighter
KuCoin
Variational Omni
Bybit
BingX
PacificaInjective32.820+7.751%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VVV | −0.517% | +0.0232% | 1h | $53K | $297K | 5x | as long as short |
| Coinbase International VVV-PERP-INTX | −0.383% | +0.0200% | 1h | $219K | $1.2M | 25x | as long as short |
| edgeX VVVUSDC | −0.293% | +0.0110% | 4h | $76K | $327K | 10x | as long as short |
| Extended VVV-USD | −0.175% | +0.0104% | 1h | $295K | $1.6M | 5x | as long as short |
| Polymarket Perps VVV-USD | −0.082% | +0.0100% | 1h | $129K | $854K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC]short | −0.076% | L +0.0433% / S −0.0201% | 1h | $506K | — | 100x | |
| gTrade (Gains Network) VVV/USD | −0.071% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| 01 Exchange VVVUSD | −0.069% | +0.0200% | 1h | $11K | $3K | 3x | as long as short |
| Derive VVV-PERP | −0.068% | +0.0100% | 1h | $408 | $343 | 5x | as long as short |
| Aster VVVUSDT | −0.068% | +0.0100% | 4h | $327K | $1.7M | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex VVVUSDT | −0.059% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Nado VVV-PERP | −0.058% | +0.0100% | 1h | $122K | $693K | 3x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.043% | 0.0000% | 1h | $88K | $22K | 10x | as long as short |
| Aevo VVV-PERP | −0.041% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Gate VVV_USDT | −0.037% | +0.0100% | 4h | $10.4M | $7.4M | 25x | as long as short |
| Lighter RH VVV | −0.014% | +0.0096% | 1h | $453K | $1.5M | 5x | as long as short |
| Bitget VVVUSDT | −0.007% | +0.0100% | 4h | $5.6M | $7.9M | 20x | as long as short |
| BloFin VVV-USDT | −0.001% | +0.0107% | 4h | $1.2M | $1.5M | 25x | as long as short |
| Binance VVVUSDTlong | 0.000% | +0.0100% | 4h | $33.7M | $147.5M | 25x | |
| RISEx VVV/USDC | +0.001% | +0.0156% | 1h | $368K | $560K | 5x | as long as short |
| MEXC VVV_USDT | +0.006% | +0.0100% | 4h | $15.3M | $6.7M | 50x | as long as short |
| OKX VVV-USDT-SWAP | +0.019% | +0.0100% | 4h | $4.9M | $38.4M | 20x | as long as short |
| Backpack VVV_USDC_PERP | +0.020% | +0.0473% | 1h | $124K | $354K | 5x | as long as short |
| Paradex VVV-USD-PERP | +0.021% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Hyperliquid VVV | +0.026% | +0.0100% | 1h | $70.1M | $50.9M | 3x | as long as short |
| Lighter VVV | +0.027% | +0.0096% | 1h | $2.2M | $5.2M | 5x | as long as short |
| KuCoin VVVUSDTM | +0.029% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| Variational Omni VVV | +0.033% | +0.0100% | 4h | $2.0M | $210K | — | as long as short |
| Bybit VVVUSDT | +0.034% | +0.0100% | 4h | $38.3M | $48.8M | 20x | as long as short |
| BingX VVV-USDT | +0.035% | +0.0088% | 4h | — | $4.9M | — | as long as short |
| Kalshi KXVVVPERP | +0.042% | 0.0000% | 8h | $136K | $6.7M | 1.7x | as long as short |
| Pacifica VVV | +0.052% | +0.0100% | 1h | $168K | $161K | 10x | as long as short |
| Injective VVV/USDC PERP | +7.195% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |