After costs, if the gap returns to its 7d average, $10k−$138
spread now−0.159%7d average−0.028%fees + slippage, in and out−$125spread needed1.252%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid VVV | 32.031 | 0.0978 | pay 0.0122% / 1h | 45m 14s | $74.3M | $52.0M | 3x |
| Short | Phemex VVVUSDT | 31.980 | 0.0100 | get 0.0050% / 4h | 1h 45m | $2.1M | $2.0M | 50x |
Hyperliquid VVV
Phemex 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
- −$15.92
- Funding while held
- −$26.33
- Slippage, 4 orders
- −$104.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$167.5
- Spread needed to break even
- 1.252%
Slippage from Hyperliquid: live order book, 10 min ago; Phemex: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0878%
- Per $10,000 a day
- −$26.33
- 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 Hyperliquid live order book, 10 min ago | 0.16 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.90 bp | 40.4 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.edgeX31.920cheapestDerive31.927+0.020%Bitget31.945+0.077%Kalshi31.951+0.096%Paradex31.952+0.099%Extended31.953+0.101%gTrade (Gains Network)31.954+0.106%GMX31.959+0.120%Pacifica31.964+0.136%Phoenix31.965+0.140%Nado31.968+0.148%Variational Omni31.971+0.158%RISEx31.971+0.158%KuCoin31.972+0.162%Bybit31.974+0.167%Aevo31.974+0.168%Gate31.976+0.174%MEXC31.980+0.187%
Derive
Bitget
Paradex
Extended
gTrade (Gains Network)
GMX
Pacifica
Phoenix
Nado
Variational Omni
RISEx
KuCoin
Bybit
Aevo
Gate
MEXCPhemex31.980+0.187%
Deribit31.982+0.194%Polymarket Perps31.983+0.196%Binance31.985+0.202%BingX31.989+0.215%Lighter RH31.993+0.227%BloFin31.996+0.237%OKX31.998+0.243%Coinbase International32.000+0.249%01 Exchange32.011+0.284%Backpack32.016+0.300%Aster32.024+0.325%Lighter32.028+0.336%
Deribit
Polymarket Perps
Binance
BingX
Lighter RH
BloFin
OKX
Coinbase International
Backpack
Aster
LighterHyperliquid32.031+0.347%
Injective32.820+2.818%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX VVVUSDC | −0.345% | +0.0115% | 4h | $79K | $328K | 10x | as long as short |
| Derive VVV-PERP | −0.325% | +0.0100% | 1h | $426 | $343 | 5x | as long as short |
| Bitget VVVUSDT | −0.268% | +0.0100% | 4h | $5.9M | $8.3M | 20x | as long as short |
| Kalshi KXVVVPERP | −0.250% | 0.0000% | 8h | $131K | $6.8M | 1.7x | as long as short |
| Paradex VVV-USD-PERP | −0.247% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Extended VVV-USD | −0.244% | +0.0104% | 1h | $309K | $1.6M | 5x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.240% | L +0.0004% / S −0.0004% | 1h | $19K | — | 150x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.226% | L +0.0446% / S −0.0202% | 1h | $530K | — | 100x | as long as short |
| Pacifica VVV | −0.210% | +0.0100% | 1h | $183K | $167K | 10x | as long as short |
| Phoenix VVV | −0.206% | +0.0308% | 1h | $56K | $277K | 5x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado VVV-PERP | −0.198% | +0.0100% | 1h | $149K | $785K | 3x | as long as short |
| Variational Omni VVV | −0.188% | +0.0100% | 4h | $2.1M | $184K | — | as long as short |
| RISEx VVV/USDC | −0.187% | +0.0256% | 1h | $406K | $587K | 5x | as long as short |
| KuCoin VVVUSDTM | −0.184% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| Bybit VVVUSDT | −0.179% | +0.0100% | 4h | $39.9M | $50.0M | 20x | as long as short |
| Aevo VVV-PERP | −0.178% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Gate VVV_USDT | −0.172% | +0.0100% | 4h | $10.9M | $7.5M | 25x | as long as short |
| MEXC VVV_USDT | −0.159% | +0.0100% | 4h | $16.3M | $6.5M | 50x | as long as short |
| Phemex VVVUSDTshort | −0.159% | +0.0100% | 4h | $2.1M | $2.0M | 50x | |
| Deribit VVV_USDC-PERPETUAL | −0.152% | +0.0200% | 1h | $92K | $22K | 10x | as long as short |
| Polymarket Perps VVV-USD | −0.150% | +0.0100% | 1h | $137K | $883K | 3x | as long as short |
| Binance VVVUSDT | −0.144% | +0.0100% | 4h | $34.8M | $149.7M | 25x | as long as short |
| BingX VVV-USDT | −0.131% | +0.0100% | 4h | — | $5.0M | — | as long as short |
| Lighter RH VVV | −0.119% | +0.0096% | 1h | $482K | $1.5M | 5x | as long as short |
| BloFin VVV-USDT | −0.109% | +0.0154% | 4h | $1.4M | $1.6M | 25x | as long as short |
| OKX VVV-USDT-SWAP | −0.103% | +0.0100% | 4h | $5.0M | $40.4M | 20x | as long as short |
| Coinbase International VVV-PERP-INTX | −0.097% | +0.0200% | 1h | $222K | $1.1M | 25x | as long as short |
| 01 Exchange VVVUSD | −0.062% | +0.0520% | 1h | $11K | $3K | 3x | as long as short |
| Backpack VVV_USDC_PERP | −0.046% | +0.0834% | 1h | $145K | $373K | 5x | as long as short |
| Aster VVVUSDT | −0.022% | +0.0100% | 4h | $290K | $1.8M | 10x | as long as short |
| Lighter VVV | −0.010% | +0.0304% | 1h | $2.2M | $5.4M | 5x | as long as short |
| Hyperliquid VVVlong | 0.000% | +0.0978% | 1h | $74.3M | $52.0M | 3x | |
| Injective VVV/USDC PERP | +2.463% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |