After costs, if the gap returns to its 7d average, $10k+$52
spread now+1.299%7d average+0.067%fees + slippage, in and out−$71spread needed0.709%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VVV-PERP-INTX | 30.386 | 0.0176 | pay 0.0022% / 1h | 35m 59s | $216K | $1.0M | 25x |
| Short | Backpack VVV_USDC_PERP | 30.781 | 0.0611 | get 0.0076% / 1h | 35m 59s | $127K | $351K | 5x |
Coinbase International VVV-PERP-INTX
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
- $129.93
- Funding while held
- $13.04
- Slippage, 4 orders
- −$50.85
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $72.11
- Spread needed to break even
- 0.709%
Slippage from Coinbase International: live order book, 4 min ago; Backpack: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0435%
- Per $10,000 a day
- +$13.04
- 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 Coinbase International live order book, 4 min ago | 14.12 bp | 20.1 bp −$20 | 34.0 bp −$340 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 2.82 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International30.386cheapest
Variational Omni30.471+0.280%Phoenix30.641+0.839%Pacifica30.654+0.884%Paradex30.667+0.924%BloFin30.688+0.994%RISEx30.691+1.003%Kalshi30.703+1.043%01 Exchange30.708+1.060%Polymarket Perps30.713+1.076%KuCoin30.715+1.083%Phemex30.715+1.083%GMX30.721+1.102%gTrade (Gains Network)30.721+1.104%Nado30.721+1.104%Gate30.732+1.139%Derive30.734+1.147%edgeX30.735+1.149%Extended30.747+1.187%MEXC30.751+1.201%Aevo30.751+1.202%Deribit30.755+1.214%BingX30.756+1.218%Lighter30.757+1.221%Lighter RH30.764+1.244%Hyperliquid30.780+1.297%Aster30.781+1.299%
Variational Omni
Phoenix
Pacifica
Paradex
BloFin
RISEx
Polymarket Perps
KuCoin
Phemex
GMX
gTrade (Gains Network)
Nado
Gate
Derive
Extended
MEXC
Aevo
Deribit
BingX
Lighter
Lighter RH
Hyperliquid
AsterBackpack30.781+1.299%
Bitget30.787+1.320%Binance30.817+1.419%Bybit30.819+1.425%OKX30.860+1.560%
Bitget
Binance
Bybit
OKXInjective32.820+8.010%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International VVV-PERP-INTXlong | 0.000% | +0.0176% | 1h | $216K | $1.0M | 25x | |
| Variational Omni VVV | +0.280% | +0.0100% | 4h | $2.0M | $209K | — | as long as short |
| Phoenix VVV | +0.839% | +0.0105% | 1h | $54K | $278K | 5x | as long as short |
| Pacifica VVV | +0.884% | +0.0100% | 1h | $168K | $158K | 10x | as long as short |
| Paradex VVV-USD-PERP | +0.924% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| BloFin VVV-USDT | +0.994% | +0.0050% | 4h | $1.3M | $1.5M | 25x | as long as short |
| RISEx VVV/USDC | +1.003% | +0.0082% | 1h | $381K | $572K | 5x | as long as short |
| Kalshi KXVVVPERP | +1.043% | 0.0000% | 8h | $144K | $6.6M | 1.7x | as long as short |
| 01 Exchange VVVUSD | +1.060% | +0.0344% | 1h | $11K | $3K | 3x | as long as short |
| Polymarket Perps VVV-USD | +1.076% | +0.0100% | 1h | $127K | $847K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin VVVUSDTM | +1.083% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| Phemex VVVUSDT | +1.083% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| GMX VVV/USD [ETH-USDC] | +1.102% | L +0.0436% / S −0.0202% | 1h | $510K | — | 100x | as long as short |
| gTrade (Gains Network) VVV/USD | +1.104% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Nado VVV-PERP | +1.104% | +0.0100% | 1h | $117K | $720K | 3x | as long as short |
| Gate VVV_USDT | +1.139% | +0.0100% | 4h | $10.4M | $7.3M | 25x | as long as short |
| Derive VVV-PERP | +1.147% | +0.0100% | 1h | $410 | $343 | 5x | as long as short |
| edgeX VVVUSDC | +1.149% | +0.0112% | 4h | $76K | $326K | 10x | as long as short |
| Extended VVV-USD | +1.187% | +0.0104% | 1h | $296K | $1.6M | 5x | as long as short |
| MEXC VVV_USDT | +1.201% | +0.0100% | 4h | $15.4M | $6.4M | 50x | as long as short |
| Aevo VVV-PERP | +1.202% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +1.214% | +0.0384% | 1h | $88K | $22K | 10x | as long as short |
| BingX VVV-USDT | +1.218% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| Lighter VVV | +1.221% | +0.0096% | 1h | $2.1M | $5.2M | 5x | as long as short |
| Lighter RH VVV | +1.244% | +0.0096% | 1h | $455K | $1.5M | 5x | as long as short |
| Hyperliquid VVV | +1.297% | +0.0189% | 1h | $70.3M | $50.7M | 3x | as long as short |
| Aster VVVUSDT | +1.299% | +0.0100% | 4h | $301K | $1.7M | 10x | as long as short |
| Backpack VVV_USDC_PERPshort | +1.299% | +0.0611% | 1h | $127K | $351K | 5x | |
| Bitget VVVUSDT | +1.320% | +0.0100% | 4h | $5.6M | $8.0M | 20x | as long as short |
| Binance VVVUSDT | +1.419% | +0.0100% | 4h | $33.8M | $148.0M | 25x | as long as short |
| Bybit VVVUSDT | +1.425% | +0.0100% | 4h | $39.0M | $48.9M | 20x | as long as short |
| OKX VVV-USDT-SWAP | +1.560% | +0.0100% | 4h | $5.0M | $38.6M | 20x | as long as short |
| Injective VVV/USDC PERP | +8.010% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |