Spread before costs (cost unknown: a leg has no order-book sample)+0.005%
7d average—if it closes, per $10,000$0funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive VVV-PERP | 32.024 | 0.0100 | pay 0.0013% / 1h | 33m 43s | $428 | $343 | 5x |
| Short | Deribit VVV_USDC-PERPETUAL | 32.026 | 0 | get 0.0000% / 1h | 33m 43s | $99K | $12K | 10x |
Derive VVV-PERP
Deribit VVV_USDC-PERPETUALPrice 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
- $0.48
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.52
- Spread needed to break even
- 0.130%
Slippage unknown: Derive: no order-book sample; Deribit: live order book, 42 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Deribit live order book, 42 min ago | 19.61 bp | 23.1 bp −$23 | doesn't fit | 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.Variational Omni31.966cheapestedgeX31.993+0.083%Coinbase International32.000+0.106%Phoenix32.010+0.137%Lighter RH32.017+0.159%Kalshi32.022+0.175%
Variational Omni
Coinbase International
Phoenix
Lighter RHDerive32.024+0.181%
BloFin32.025+0.184%
BloFinDeribit32.026+0.186%
Pacifica32.031+0.204%KuCoin32.036+0.218%Aevo32.039+0.228%Lighter32.041+0.234%Aster32.044+0.245%Gate32.046+0.250%gTrade (Gains Network)32.051+0.265%GMX32.053+0.271%Extended32.054+0.274%Phemex32.055+0.278%Paradex32.057+0.283%MEXC32.059+0.290%Bitget32.060+0.294%BingX32.060+0.294%Backpack32.065+0.309%RISEx32.068+0.320%Bybit32.080+0.356%Polymarket Perps32.080+0.356%Binance32.085+0.372%OKX32.088+0.381%Nado32.096+0.406%Hyperliquid32.110+0.450%Injective32.820+2.671%
Pacifica
KuCoin
Aevo
Lighter
Aster
Gate
gTrade (Gains Network)
GMX
Extended
Phemex
Paradex
MEXC
Bitget
BingX
Backpack
RISEx
Bybit
Polymarket Perps
Binance
OKX
Nado
Hyperliquid
InjectiveVVV on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni VVV | −0.181% | +0.0100% | 4h | $2.1M | $237K | — | as long as short |
| edgeX VVVUSDC | −0.098% | +0.0164% | 4h | $76K | $311K | 10x | as long as short |
| Coinbase International VVV-PERP-INTX | −0.075% | +0.0232% | 1h | $162K | $1.3M | 25x | as long as short |
| Phoenix VVV | −0.044% | +0.0419% | 1h | $59K | $305K | 5x | as long as short |
| Lighter RH VVV | −0.022% | +0.0096% | 1h | $501K | $1.4M | 5x | as long as short |
| Kalshi KXVVVPERP | −0.006% | +0.0196% | 8h | $140K | $7.4M | 1.7x | as long as short |
| Derive VVV-PERPlong | 0.000% | +0.0100% | 1h | $428 | $343 | 5x | |
| BloFin VVV-USDT | +0.003% | +0.0100% | 4h | $1.5M | $1.5M | 25x | as long as short |
| Deribit VVV_USDC-PERPETUALshort | +0.005% | 0.0000% | 1h | $99K | $12K | 10x | |
| Pacifica VVV | +0.022% | +0.0100% | 1h | $173K | $242K | 10x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin VVVUSDTM | +0.037% | +0.0100% | 4h | $2.2M | $2.2M | 20x | as long as short |
| Aevo VVV-PERP | +0.047% | +0.0112% | 1h | $6K | $13K | 3x | as long as short |
| Lighter VVV | +0.053% | +0.0152% | 1h | $2.4M | $4.7M | 5x | as long as short |
| Aster VVVUSDT | +0.063% | +0.0100% | 4h | $397K | $1.6M | 10x | as long as short |
| Gate VVV_USDT | +0.069% | +0.0100% | 4h | $10.8M | $7.9M | 25x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.084% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| GMX VVV/USD [ETH-USDC] | +0.089% | L +0.0533% / S −0.0286% | 1h | $530K | — | 100x | as long as short |
| Extended VVV-USD | +0.092% | +0.0128% | 1h | $318K | $1.7M | 5x | as long as short |
| Phemex VVVUSDT | +0.097% | +0.0100% | 4h | $2.2M | $2.0M | 50x | as long as short |
| Paradex VVV-USD-PERP | +0.102% | +0.0101% | 8h | $3K | $86 | 5x | as long as short |
| MEXC VVV_USDT | +0.109% | +0.0136% | 4h | $15.6M | $6.9M | 50x | as long as short |
| Bitget VVVUSDT | +0.112% | +0.0100% | 4h | $5.9M | $7.9M | 20x | as long as short |
| BingX VVV-USDT | +0.112% | +0.0152% | 4h | — | $4.7M | — | as long as short |
| Backpack VVV_USDC_PERP | +0.127% | +0.0370% | 1h | $140K | $365K | 5x | as long as short |
| RISEx VVV/USDC | +0.139% | +0.0358% | 1h | $384K | $576K | 5x | as long as short |
| Bybit VVVUSDT | +0.175% | +0.0100% | 4h | $39.9M | $48.7M | 20x | as long as short |
| Polymarket Perps VVV-USD | +0.175% | +0.0100% | 1h | $132K | $769K | 3x | as long as short |
| Binance VVVUSDT | +0.191% | +0.0130% | 4h | $36.4M | $149.6M | 25x | as long as short |
| OKX VVV-USDT-SWAP | +0.200% | +0.0100% | 4h | $5.2M | $41.9M | 20x | as long as short |
| Nado VVV-PERP | +0.225% | +0.0100% | 1h | $151K | $648K | 3x | as long as short |
| Hyperliquid VVV | +0.268% | +0.0184% | 1h | $76.6M | $51.3M | 3x | as long as short |
| Injective VVV/USDC PERP | +2.485% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |