Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day−$16.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VVV/USD [ETH-USDC] | 32.159 | L +0.0535% / S −0.0286% | pay 0.0067% / 1h | 43m 05s | $532K | — | 100x |
| Short | Deribit VVV_USDC-PERPETUAL | 32.179 | 0 | get 0.0000% / 1h | 43m 05s | $99K | $12K | 10x |
GMX VVV/USD [ETH-USDC]
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
- $6.28
- Funding while held
- −$16.05
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.77
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 32 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0535%
- Per $10,000 a day
- −$16.05
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 32 min ago | 19.61 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
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.Variational Omni32.115cheapestBitget32.137+0.069%BingX32.143+0.087%Polymarket Perps32.150+0.109%RISEx32.155+0.126%
Variational Omni
Bitget
BingX
Polymarket Perps
RISExGMX32.159+0.137%
MEXC32.163+0.149%KuCoin32.166+0.159%gTrade (Gains Network)32.169+0.167%Derive32.170+0.173%Gate32.174+0.184%Bybit32.175+0.187%Aster32.176+0.190%Extended32.176+0.191%Lighter RH32.179+0.199%
MEXC
KuCoin
gTrade (Gains Network)
Derive
Gate
Bybit
Aster
Extended
Lighter RHDeribit32.179+0.200%
Nado32.183+0.212%Coinbase International32.186+0.222%Binance32.187+0.225%Aevo32.191+0.235%Pacifica32.192+0.239%Kalshi32.192+0.240%edgeX32.192+0.241%BloFin32.193+0.243%Lighter32.193+0.243%Paradex32.195+0.248%Hyperliquid32.200+0.265%Backpack32.204+0.277%Phemex32.205+0.280%OKX32.226+0.346%Phoenix32.236+0.377%Injective32.820+2.195%
Nado
Coinbase International
Binance
Aevo
Pacifica
BloFin
Lighter
Paradex
Hyperliquid
Backpack
Phemex
OKX
Phoenix
InjectiveVVV on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni VVV | −0.137% | +0.0100% | 4h | $2.1M | $237K | — | as long as short |
| Bitget VVVUSDT | −0.069% | +0.0100% | 4h | $5.9M | $7.9M | 20x | as long as short |
| BingX VVV-USDT | −0.050% | +0.0188% | 4h | — | $4.7M | — | as long as short |
| Polymarket Perps VVV-USD | −0.028% | +0.0100% | 1h | $127K | $768K | 3x | as long as short |
| RISEx VVV/USDC | −0.011% | +0.0358% | 1h | $385K | $575K | 5x | as long as short |
| GMX VVV/USD [ETH-USDC]long | 0.000% | L +0.0535% / S −0.0286% | 1h | $532K | — | 100x | |
| MEXC VVV_USDT | +0.012% | +0.0174% | 4h | $15.5M | $6.8M | 50x | as long as short |
| KuCoin VVVUSDTM | +0.021% | +0.0100% | 4h | $2.2M | $2.2M | 20x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.029% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Derive VVV-PERP | +0.035% | +0.0100% | 1h | $429 | $343 | 5x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate VVV_USDT | +0.046% | +0.0100% | 4h | $10.9M | $7.8M | 25x | as long as short |
| Bybit VVVUSDT | +0.049% | +0.0100% | 4h | $40.0M | $48.7M | 20x | as long as short |
| Aster VVVUSDT | +0.052% | +0.0100% | 4h | $404K | $1.6M | 10x | as long as short |
| Extended VVV-USD | +0.054% | +0.0168% | 1h | $310K | $1.7M | 5x | as long as short |
| Lighter RH VVV | +0.062% | +0.0096% | 1h | $504K | $1.4M | 5x | as long as short |
| Deribit VVV_USDC-PERPETUALshort | +0.063% | 0.0000% | 1h | $99K | $12K | 10x | |
| Nado VVV-PERP | +0.074% | +0.0100% | 1h | $152K | $648K | 3x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.085% | +0.0232% | 1h | $156K | $1.3M | 25x | as long as short |
| Binance VVVUSDT | +0.087% | +0.0171% | 4h | $36.6M | $149.3M | 25x | as long as short |
| Aevo VVV-PERP | +0.098% | +0.0128% | 1h | $6K | $13K | 3x | as long as short |
| Pacifica VVV | +0.101% | +0.0100% | 1h | $174K | $243K | 10x | as long as short |
| Kalshi KXVVVPERP | +0.102% | +0.0222% | 8h | $144K | $7.4M | 1.7x | as long as short |
| edgeX VVVUSDC | +0.104% | +0.0198% | 4h | $76K | $313K | 10x | as long as short |
| BloFin VVV-USDT | +0.105% | +0.0231% | 4h | $1.5M | $1.6M | 25x | as long as short |
| Lighter VVV | +0.106% | +0.0176% | 1h | $2.5M | $4.4M | 5x | as long as short |
| Paradex VVV-USD-PERP | +0.111% | +0.0101% | 8h | $3K | $86 | 5x | as long as short |
| Hyperliquid VVV | +0.127% | +0.0209% | 1h | $77.3M | $50.8M | 3x | as long as short |
| Backpack VVV_USDC_PERP | +0.139% | +0.0460% | 1h | $144K | $364K | 5x | as long as short |
| Phemex VVVUSDT | +0.143% | +0.0100% | 4h | $2.2M | $2.0M | 50x | as long as short |
| OKX VVV-USDT-SWAP | +0.208% | +0.0100% | 4h | $5.2M | $42.0M | 20x | as long as short |
| Phoenix VVV | +0.239% | +0.0419% | 1h | $59K | $305K | 5x | as long as short |
| Injective VVV/USDC PERP | +2.055% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |