Spread before costs (cost unknown: a leg has no order-book sample)−0.100%
7d average+0.058%if it closes, per $10,000$10funding while held, a day−$10.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX VVV/USD [ETH-USDC] | 31.273 | L +0.0442% / S −0.0203% | pay 0.0055% / 1h | 17m 38s | $520K | — | 100x |
| Short | Phoenix VVV | 31.242 | 0.0105 | get 0.0013% / 1h | 17m 38s | $55K | $278K | 5x |
GMX VVV/USD [ETH-USDC]
Phoenix VVVPrice 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
- −$9.98
- Funding while held
- −$10.09
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$39.07
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 20 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0336%
- Per $10,000 a day
- −$10.09
- 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 Phoenix live order book, 20 min ago | 2.93 bp | 19.8 bp −$20 | 57.8 bp −$578 | 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 Omni31.210cheapestedgeX31.216+0.020%
Variational OmniPhoenix31.242+0.102%
Polymarket Perps31.267+0.182%RISEx31.268+0.186%Derive31.270+0.191%
Polymarket Perps
RISEx
DeriveGMX31.273+0.202%
gTrade (Gains Network)31.277+0.215%Phemex31.281+0.227%Nado31.285+0.238%01 Exchange31.293+0.265%Coinbase International31.294+0.270%Aevo31.300+0.289%Deribit31.304+0.299%Kalshi31.309+0.317%Gate31.332+0.390%BloFin31.334+0.397%Pacifica31.340+0.416%Bitget31.341+0.419%BingX31.348+0.442%Bybit31.349+0.444%Paradex31.352+0.454%Lighter31.360+0.480%Lighter RH31.362+0.487%MEXC31.363+0.490%OKX31.364+0.493%KuCoin31.365+0.496%Binance31.372+0.519%Extended31.377+0.535%Aster31.380+0.544%Hyperliquid31.385+0.560%Backpack31.403+0.618%Injective32.820+5.158%
gTrade (Gains Network)
Phemex
Nado
Coinbase International
Aevo
Deribit
Gate
BloFin
Pacifica
Bitget
BingX
Bybit
Paradex
Lighter
Lighter RH
MEXC
OKX
KuCoin
Binance
Extended
Aster
Hyperliquid
Backpack
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni VVV | −0.202% | +0.0100% | 4h | $2.0M | $184K | — | as long as short |
| edgeX VVVUSDC | −0.182% | +0.0105% | 4h | $78K | $327K | 10x | as long as short |
| Phoenix VVVshort | −0.100% | +0.0105% | 1h | $55K | $278K | 5x | |
| Polymarket Perps VVV-USD | −0.020% | +0.0100% | 1h | $130K | $867K | 3x | as long as short |
| RISEx VVV/USDC | −0.016% | +0.0082% | 1h | $384K | $573K | 5x | as long as short |
| Derive VVV-PERP | −0.011% | +0.0100% | 1h | $417 | $343 | 5x | as long as short |
| GMX VVV/USD [ETH-USDC]long | 0.000% | L +0.0442% / S −0.0203% | 1h | $520K | — | 100x | |
| gTrade (Gains Network) VVV/USD | +0.012% | L +0.0004% / S −0.0004% | 1h | $19K | — | 150x | as long as short |
| Phemex VVVUSDT | +0.025% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Nado VVV-PERP | +0.036% | +0.0100% | 1h | $120K | $760K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange VVVUSD | +0.063% | +0.0376% | 1h | $11K | $3K | 3x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.068% | +0.0176% | 1h | $209K | $1.0M | 25x | as long as short |
| Aevo VVV-PERP | +0.087% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +0.097% | +0.0130% | 1h | $90K | $22K | 10x | as long as short |
| Kalshi KXVVVPERP | +0.114% | 0.0000% | 8h | $125K | $6.7M | 1.7x | as long as short |
| Gate VVV_USDT | +0.188% | +0.0100% | 4h | $10.7M | $7.4M | 25x | as long as short |
| BloFin VVV-USDT | +0.194% | +0.0100% | 4h | $1.4M | $1.6M | 25x | as long as short |
| Pacifica VVV | +0.214% | +0.0100% | 1h | $172K | $159K | 10x | as long as short |
| Bitget VVVUSDT | +0.217% | +0.0100% | 4h | $5.8M | $8.1M | 20x | as long as short |
| BingX VVV-USDT | +0.239% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| Bybit VVVUSDT | +0.241% | +0.0100% | 4h | $39.5M | $49.3M | 20x | as long as short |
| Paradex VVV-USD-PERP | +0.252% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Lighter VVV | +0.278% | +0.0096% | 1h | $2.1M | $5.3M | 5x | as long as short |
| Lighter RH VVV | +0.284% | +0.0096% | 1h | $464K | $1.5M | 5x | as long as short |
| MEXC VVV_USDT | +0.287% | +0.0100% | 4h | $15.8M | $6.4M | 50x | as long as short |
| OKX VVV-USDT-SWAP | +0.290% | +0.0100% | 4h | $5.0M | $39.3M | 20x | as long as short |
| KuCoin VVVUSDTM | +0.294% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| Binance VVVUSDT | +0.316% | +0.0100% | 4h | $34.2M | $148.7M | 25x | as long as short |
| Extended VVV-USD | +0.332% | +0.0104% | 1h | $303K | $1.6M | 5x | as long as short |
| Aster VVVUSDT | +0.341% | +0.0100% | 4h | $296K | $1.8M | 10x | as long as short |
| Hyperliquid VVV | +0.357% | +0.0349% | 1h | $71.9M | $50.9M | 3x | as long as short |
| Backpack VVV_USDC_PERP | +0.415% | +0.0631% | 1h | $135K | $355K | 5x | as long as short |
| Injective VVV/USDC PERP | +4.946% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |