After costs, if the gap returns to its 7d average, $10k−$76
spread now+0.073%7d average+0.123%fees + slippage, in and out−$71spread needed0.708%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VVVUSDT | 32.210 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $39.9M | $48.8M | 20x |
| Short | Backpack VVV_USDC_PERP | 32.233 | 0.0288 | get 0.0036% / 1h | 51m 52s | $145K | $370K | 5x |
Bybit VVVUSDT
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
- $7.26
- Funding while held
- $5.64
- Slippage, 4 orders
- −$49.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$57.88
- Spread needed to break even
- 0.708%
Slippage from Bybit: live order book, 3 min ago; Backpack: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0188%
- Per $10,000 a day
- +$5.64
- 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 Bybit live order book, 3 min ago | 0.16 bp | 21.9 bp −$22 | 101.2 bp −$1,012 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 1.92 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.BloFin32.138cheapestKuCoin32.163+0.078%Polymarket Perps32.172+0.106%RISEx32.173+0.110%Paradex32.181+0.134%Aevo32.184+0.144%Aster32.186+0.149%GMX32.193+0.172%Gate32.196+0.180%Pacifica32.200+0.192%Nado32.204+0.207%Bitget32.205+0.208%Extended32.207+0.214%
BloFin
KuCoin
Polymarket Perps
RISEx
Paradex
Aevo
Aster
GMX
Gate
Pacifica
Nado
Bitget
ExtendedBybit32.210+0.223%
gTrade (Gains Network)32.211+0.227%Derive32.214+0.237%MEXC32.217+0.246%BingX32.219+0.252%Lighter RH32.222+0.261%Binance32.222+0.262%Hyperliquid32.225+0.271%OKX32.226+0.274%Deribit32.228+0.280%
gTrade (Gains Network)
Derive
MEXC
BingX
Lighter RH
Binance
Hyperliquid
OKX
DeribitBackpack32.233+0.296%
Kalshi32.235+0.302%Lighter32.235+0.302%Phemex32.245+0.333%edgeX32.266+0.399%Variational Omni32.283+0.452%Phoenix32.294+0.485%Coinbase International32.310+0.536%Injective32.820+2.122%
Lighter
Phemex
Variational Omni
Phoenix
Coinbase International
InjectiveVVV on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin VVV-USDT | −0.222% | +0.0188% | 4h | $1.5M | $1.6M | 25x | as long as short |
| KuCoin VVVUSDTM | −0.145% | +0.0100% | 4h | $2.2M | $2.3M | 20x | as long as short |
| Polymarket Perps VVV-USD | −0.117% | +0.0100% | 1h | $126K | $787K | 3x | as long as short |
| RISEx VVV/USDC | −0.113% | +0.0358% | 1h | $411K | $563K | 5x | as long as short |
| Paradex VVV-USD-PERP | −0.089% | +0.0102% | 8h | $3K | $86 | 5x | as long as short |
| Aevo VVV-PERP | −0.079% | +0.0128% | 1h | $6K | $13K | 3x | as long as short |
| Aster VVVUSDT | −0.074% | +0.0100% | 4h | $403K | $1.6M | 10x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.050% | L +0.0538% / S −0.0288% | 1h | $534K | — | 100x | as long as short |
| Gate VVV_USDT | −0.042% | +0.0100% | 4h | $10.9M | $7.8M | 25x | as long as short |
| Pacifica VVV | −0.030% | +0.0100% | 1h | $174K | $244K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado VVV-PERP | −0.016% | +0.0100% | 1h | $151K | $628K | 3x | as long as short |
| Bitget VVVUSDT | −0.014% | +0.0100% | 4h | $5.9M | $7.9M | 20x | as long as short |
| Extended VVV-USD | −0.008% | +0.0192% | 1h | $313K | $1.7M | 5x | as long as short |
| Bybit VVVUSDTlong | 0.000% | +0.0100% | 4h | $39.9M | $48.8M | 20x | |
| gTrade (Gains Network) VVV/USD | +0.004% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Derive VVV-PERP | +0.014% | +0.0100% | 1h | $430 | $343 | 5x | as long as short |
| MEXC VVV_USDT | +0.023% | +0.0192% | 4h | $15.4M | $6.8M | 50x | as long as short |
| BingX VVV-USDT | +0.029% | +0.0222% | 4h | — | $4.7M | — | as long as short |
| Lighter RH VVV | +0.038% | +0.0096% | 1h | $504K | $1.4M | 5x | as long as short |
| Binance VVVUSDT | +0.039% | +0.0185% | 4h | $36.7M | $149.9M | 25x | as long as short |
| Hyperliquid VVV | +0.048% | +0.0154% | 1h | $77.4M | $50.6M | 3x | as long as short |
| OKX VVV-USDT-SWAP | +0.051% | +0.0100% | 4h | $5.2M | $42.1M | 20x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +0.057% | +0.0387% | 1h | $99K | $12K | 10x | as long as short |
| Backpack VVV_USDC_PERPshort | +0.073% | +0.0288% | 1h | $145K | $370K | 5x | |
| Kalshi KXVVVPERP | +0.079% | +0.0241% | 8h | $140K | $7.5M | 1.7x | as long as short |
| Lighter VVV | +0.079% | +0.0136% | 1h | $2.5M | $4.4M | 5x | as long as short |
| Phemex VVVUSDT | +0.110% | +0.0100% | 4h | $2.2M | $2.0M | 50x | as long as short |
| edgeX VVVUSDC | +0.176% | +0.0228% | 4h | $76K | $310K | 10x | as long as short |
| Variational Omni VVV | +0.229% | +0.0100% | 4h | $2.2M | $237K | — | as long as short |
| Phoenix VVV | +0.262% | +0.0419% | 1h | $59K | $305K | 5x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.313% | +0.0232% | 1h | $157K | $1.3M | 25x | as long as short |
| Injective VVV/USDC PERP | +1.895% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |