After costs, if the gap returns to its 7d average, $10k−$53
spread now+0.053%7d average+0.075%fees + slippage, in and out−$51spread needed0.508%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXVVVPERP | 31.782 | 0 | get 0.0000% / 8h | 1h 47m | $128K | $6.8M | 1.7x |
| Short | Lighter VVV | 31.799 | 0.0296 | get 0.0037% / 1h | 47m 59s | $2.2M | $5.4M | 5x |
Lighter 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
- $5.29
- Funding while held
- $8.88
- Slippage, 4 orders
- −$40.79
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.63
- Spread needed to break even
- 0.508%
Slippage from Kalshi: live order book, 2 min ago; Lighter: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0296%
- Per $10,000 a day
- +$8.88
- 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 Kalshi live order book, 2 min ago | 1.90 bp | 15.1 bp −$15 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.80 bp | 16.2 bp −$16 | 52.1 bp −$521 | 287.9 bp −$28.8K | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.edgeX31.426cheapestPhoenix31.587+0.512%Coinbase International31.604+0.565%Variational Omni31.608+0.580%Phemex31.698+0.865%Paradex31.748+1.024%Gate31.750+1.031%RISEx31.754+1.044%KuCoin31.760+1.063%BloFin31.762+1.069%gTrade (Gains Network)31.764+1.076%Derive31.766+1.083%GMX31.767+1.084%Bybit31.775+1.111%Nado31.776+1.114%Pacifica31.778+1.119%MEXC31.778+1.120%Polymarket Perps31.780+1.126%BingX31.781+1.130%Deribit31.782+1.134%Bitget31.783+1.136%Aevo31.794+1.172%Lighter RH31.798+1.184%
Phoenix
Coinbase International
Variational Omni
Phemex
Paradex
Gate
RISEx
KuCoin
BloFin
gTrade (Gains Network)
Derive
GMX
Bybit
Nado
Pacifica
MEXC
Polymarket Perps
BingX
Deribit
Bitget
Aevo
Lighter RHLighter31.799+1.186%
01 Exchange31.802+1.196%Binance31.804+1.203%Extended31.808+1.215%OKX31.809+1.219%Aster31.811+1.224%Backpack31.819+1.251%Hyperliquid31.832+1.292%Injective32.820+4.436%
Binance
Extended
OKX
Aster
Backpack
Hyperliquid
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX VVVUSDC | −1.120% | +0.0111% | 4h | $78K | $327K | 10x | as long as short |
| Phoenix VVV | −0.614% | +0.0308% | 1h | $55K | $277K | 5x | as long as short |
| Coinbase International VVV-PERP-INTX | −0.561% | +0.0200% | 1h | $229K | $1.1M | 25x | as long as short |
| Variational Omni VVV | −0.547% | +0.0100% | 4h | $2.1M | $184K | — | as long as short |
| Phemex VVVUSDT | −0.264% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Paradex VVV-USD-PERP | −0.108% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Gate VVV_USDT | −0.101% | +0.0100% | 4h | $10.8M | $7.5M | 25x | as long as short |
| RISEx VVV/USDC | −0.088% | +0.0256% | 1h | $401K | $587K | 5x | as long as short |
| KuCoin VVVUSDTM | −0.069% | +0.0100% | 4h | $2.4M | $2.4M | 20x | as long as short |
| BloFin VVV-USDT | −0.063% | +0.0150% | 4h | $1.4M | $1.6M | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) VVV/USD | −0.057% | L +0.0004% / S −0.0004% | 1h | $19K | — | 150x | as long as short |
| Derive VVV-PERP | −0.050% | +0.0100% | 1h | $424 | $343 | 5x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.048% | L +0.0445% / S −0.0202% | 1h | $527K | — | 100x | as long as short |
| Bybit VVVUSDT | −0.022% | +0.0100% | 4h | $39.7M | $49.7M | 20x | as long as short |
| Nado VVV-PERP | −0.019% | +0.0100% | 1h | $148K | $784K | 3x | as long as short |
| Pacifica VVV | −0.013% | +0.0100% | 1h | $182K | $167K | 10x | as long as short |
| MEXC VVV_USDT | −0.013% | +0.0100% | 4h | $16.3M | $6.4M | 50x | as long as short |
| Polymarket Perps VVV-USD | −0.006% | +0.0100% | 1h | $134K | $875K | 3x | as long as short |
| BingX VVV-USDT | −0.003% | +0.0100% | 4h | — | $5.0M | — | as long as short |
| Kalshi KXVVVPERPlong | 0.000% | 0.0000% | 8h | $128K | $6.8M | 1.7x | |
| Deribit VVV_USDC-PERPETUAL | +0.001% | +0.0143% | 1h | $91K | $22K | 10x | as long as short |
| Bitget VVVUSDT | +0.003% | +0.0100% | 4h | $5.9M | $8.2M | 20x | as long as short |
| Aevo VVV-PERP | +0.039% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Lighter RH VVV | +0.050% | +0.0096% | 1h | $475K | $1.5M | 5x | as long as short |
| Lighter VVVshort | +0.053% | +0.0296% | 1h | $2.2M | $5.4M | 5x | |
| 01 Exchange VVVUSD | +0.063% | +0.0440% | 1h | $11K | $3K | 3x | as long as short |
| Binance VVVUSDT | +0.069% | +0.0100% | 4h | $34.6M | $149.1M | 25x | as long as short |
| Extended VVV-USD | +0.081% | +0.0104% | 1h | $305K | $1.6M | 5x | as long as short |
| OKX VVV-USDT-SWAP | +0.085% | +0.0100% | 4h | $5.0M | $40.0M | 20x | as long as short |
| Aster VVVUSDT | +0.090% | +0.0100% | 4h | $288K | $1.8M | 10x | as long as short |
| Backpack VVV_USDC_PERP | +0.117% | +0.0790% | 1h | $144K | $373K | 5x | as long as short |
| Hyperliquid VVV | +0.157% | +0.0721% | 1h | $73.3M | $51.3M | 3x | as long as short |
| Injective VVV/USDC PERP | +3.266% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |