Spread before costs (cost unknown: a leg has no order-book sample)−0.001%
7d average—if it closes, per $10,000$0funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive VVV-PERP | 31.995 | 0.0100 | pay 0.0013% / 1h | 4m 23s | $427 | $343 | 5x |
| Short | Bybit VVVUSDT | 31.995 | 0.0100 | get 0.0050% / 4h | 1h 04m | $39.8M | $48.1M | 20x |
Derive VVV-PERP
Bybit VVVUSDTPrice 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
- −$0.06
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$17.06
- Spread needed to break even
- 0.170%
Slippage unknown: Derive: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 0.63 bp | 19.3 bp −$19 | 58.5 bp −$585 | doesn't fit | doesn't fit |
Derive: 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.gTrade (Gains Network)31.976cheapestPolymarket Perps31.983+0.022%GMX31.994+0.055%
gTrade (Gains Network)
Polymarket Perps
GMXBybit31.995+0.058%
Derive31.995+0.058%
Bitget31.999+0.072%Gate32.006+0.094%Variational Omni32.008+0.100%Extended32.011+0.109%Kalshi32.011+0.109%Deribit32.011+0.110%RISEx32.012+0.112%Nado32.012+0.112%Phoenix32.012+0.112%Lighter RH32.015+0.122%Aster32.016+0.124%MEXC32.016+0.125%KuCoin32.017+0.128%Aevo32.017+0.129%Pacifica32.019+0.133%Paradex32.022+0.142%BingX32.022+0.144%Binance32.024+0.149%01 Exchange32.026+0.156%Hyperliquid32.027+0.159%OKX32.028+0.162%Lighter32.028+0.164%Backpack32.030+0.169%edgeX32.039+0.196%BloFin32.041+0.203%Phemex32.071+0.297%Coinbase International32.071+0.297%Injective32.820+2.639%
Bitget
Gate
Variational Omni
Extended
Deribit
RISEx
Nado
Phoenix
Lighter RH
Aster
MEXC
KuCoin
Aevo
Pacifica
Paradex
BingX
Binance
Hyperliquid
OKX
Lighter
Backpack
BloFin
Phemex
Coinbase International
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) VVV/USD | −0.058% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Polymarket Perps VVV-USD | −0.037% | +0.0100% | 1h | $128K | $801K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.003% | L +0.0486% / S −0.0238% | 1h | $532K | — | 100x | as long as short |
| Bybit VVVUSDTshort | −0.001% | +0.0100% | 4h | $39.8M | $48.1M | 20x | |
| Derive VVV-PERPlong | 0.000% | +0.0100% | 1h | $427 | $343 | 5x | |
| Bitget VVVUSDT | +0.013% | +0.0100% | 4h | $5.8M | $7.9M | 20x | as long as short |
| Gate VVV_USDT | +0.035% | +0.0100% | 4h | $10.8M | $8.0M | 25x | as long as short |
| Variational Omni VVV | +0.041% | +0.0100% | 4h | $2.1M | $237K | — | as long as short |
| Extended VVV-USD | +0.050% | +0.0104% | 1h | $308K | $1.7M | 5x | as long as short |
| Kalshi KXVVVPERP | +0.051% | +0.0141% | 8h | $139K | $7.4M | 1.7x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit VVV_USDC-PERPETUAL | +0.051% | 0.0000% | 1h | $98K | $13K | 10x | as long as short |
| RISEx VVV/USDC | +0.053% | +0.0358% | 1h | $383K | $565K | 5x | as long as short |
| Nado VVV-PERP | +0.054% | +0.0100% | 1h | $151K | $631K | 3x | as long as short |
| Phoenix VVV | +0.054% | +0.0419% | 1h | $59K | $305K | 5x | as long as short |
| Lighter RH VVV | +0.063% | +0.0096% | 1h | $490K | $1.5M | 5x | as long as short |
| Aster VVVUSDT | +0.065% | +0.0100% | 4h | $390K | $1.7M | 10x | as long as short |
| MEXC VVV_USDT | +0.066% | +0.0100% | 4h | $15.7M | $7.0M | 50x | as long as short |
| KuCoin VVVUSDTM | +0.069% | +0.0100% | 4h | $1.9M | $2.3M | 20x | as long as short |
| Aevo VVV-PERP | +0.071% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Pacifica VVV | +0.075% | +0.0100% | 1h | $173K | $236K | 10x | as long as short |
| Paradex VVV-USD-PERP | +0.084% | +0.0101% | 8h | $3K | $86 | 5x | as long as short |
| BingX VVV-USDT | +0.085% | +0.0100% | 4h | — | $4.7M | — | as long as short |
| Binance VVVUSDT | +0.090% | +0.0100% | 4h | $36.1M | $149.0M | 25x | as long as short |
| 01 Exchange VVVUSD | +0.097% | +0.0040% | 1h | $11K | $5K | 3x | as long as short |
| Hyperliquid VVV | +0.101% | +0.0201% | 1h | $76.5M | $51.1M | 3x | as long as short |
| OKX VVV-USDT-SWAP | +0.104% | +0.0100% | 4h | $5.2M | $41.3M | 20x | as long as short |
| Lighter VVV | +0.105% | +0.0096% | 1h | $2.4M | $4.8M | 5x | as long as short |
| Backpack VVV_USDC_PERP | +0.110% | +0.0354% | 1h | $140K | $355K | 5x | as long as short |
| edgeX VVVUSDC | +0.137% | +0.0112% | 4h | $76K | $311K | 10x | as long as short |
| BloFin VVV-USDT | +0.144% | +0.0055% | 4h | $1.5M | $1.6M | 25x | as long as short |
| Phemex VVVUSDT | +0.238% | +0.0100% | 4h | $2.2M | $2.0M | 50x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.238% | +0.0232% | 1h | $163K | $1.3M | 25x | as long as short |
| Injective VVV/USDC PERP | +2.579% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |