After costs, if the gap returns to its 7d average, $10k−$72
spread now−0.249%7d average−0.036%fees + slippage, in and out−$51spread needed0.509%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH VVV | 30.633 | 0.0096 | pay 0.0012% / 1h | 18m 28s | $453K | $1.5M | 5x |
| Short | Backpack VVV_USDC_PERP | 30.557 | 0.0461 | get 0.0058% / 1h | 18m 28s | $122K | $359K | 5x |
Lighter RH VVV
Backpack VVV_USDC_PERPPrice 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
- −$24.94
- Funding while held
- $10.96
- Slippage, 4 orders
- −$40.88
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$64.87
- Spread needed to break even
- 0.509%
Slippage from Lighter RH: live order book, 1 min ago; Backpack: live order book, 27 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0365%
- Per $10,000 a day
- +$10.96
- 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 Lighter RH live order book, 1 min ago | 5.07 bp | 6.6 bp −$7 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 27 min ago | 2.43 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Phoenix30.459cheapestKalshi30.473+0.046%GMX30.488+0.097%Coinbase International30.500+0.135%Aevo30.511+0.172%Nado30.520+0.200%Derive30.523+0.210%Phemex30.524+0.213%Deribit30.531+0.237%BloFin30.535+0.250%
Phoenix
GMX
Coinbase International
Aevo
Nado
Derive
Phemex
Deribit
BloFinBackpack30.557+0.320%
Aster30.566+0.352%KuCoin30.595+0.447%Gate30.599+0.460%Bitget30.615+0.512%Bybit30.619+0.525%MEXC30.625+0.545%Polymarket Perps30.626+0.548%Binance30.627+0.552%Lighter30.631+0.563%01 Exchange30.632+0.568%gTrade (Gains Network)30.633+0.571%
Aster
KuCoin
Gate
Bitget
Bybit
MEXC
Polymarket Perps
Binance
Lighter
gTrade (Gains Network)Lighter RH30.633+0.571%
RISEx30.634+0.573%Pacifica30.636+0.581%OKX30.638+0.588%Extended30.639+0.589%Hyperliquid30.643+0.604%BingX30.656+0.647%Paradex30.661+0.662%Variational Omni30.801+1.121%edgeX30.829+1.213%
RISEx
Pacifica
OKX
Extended
Hyperliquid
BingX
Paradex
Variational OmniInjective32.820+7.751%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VVV | −0.568% | +0.0232% | 1h | $53K | $297K | 5x | as long as short |
| Kalshi KXVVVPERP | −0.522% | 0.0000% | 8h | $135K | $6.7M | 1.7x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.472% | L +0.0433% / S −0.0201% | 1h | $504K | — | 100x | as long as short |
| Coinbase International VVV-PERP-INTX | −0.434% | +0.0200% | 1h | $219K | $1.2M | 25x | as long as short |
| Aevo VVV-PERP | −0.397% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Nado VVV-PERP | −0.369% | +0.0100% | 1h | $122K | $693K | 3x | as long as short |
| Derive VVV-PERP | −0.359% | +0.0100% | 1h | $407 | $343 | 5x | as long as short |
| Phemex VVVUSDT | −0.356% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.332% | +0.0373% | 1h | $87K | $22K | 10x | as long as short |
| BloFin VVV-USDT | −0.320% | +0.0067% | 4h | $1.2M | $1.5M | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack VVV_USDC_PERPshort | −0.249% | +0.0461% | 1h | $122K | $359K | 5x | |
| Aster VVVUSDT | −0.218% | +0.0100% | 4h | $327K | $1.7M | 10x | as long as short |
| KuCoin VVVUSDTM | −0.124% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| Gate VVV_USDT | −0.111% | +0.0100% | 4h | $10.4M | $7.4M | 25x | as long as short |
| Bitget VVVUSDT | −0.059% | +0.0100% | 4h | $5.6M | $7.9M | 20x | as long as short |
| Bybit VVVUSDT | −0.046% | +0.0100% | 4h | $38.3M | $48.8M | 20x | as long as short |
| MEXC VVV_USDT | −0.026% | +0.0100% | 4h | $15.3M | $6.7M | 50x | as long as short |
| Polymarket Perps VVV-USD | −0.023% | +0.0100% | 1h | $130K | $854K | 3x | as long as short |
| Binance VVVUSDT | −0.020% | +0.0100% | 4h | $33.7M | $147.6M | 25x | as long as short |
| Lighter VVV | −0.008% | +0.0096% | 1h | $2.2M | $5.2M | 5x | as long as short |
| 01 Exchange VVVUSD | −0.003% | +0.0200% | 1h | $11K | $3K | 3x | as long as short |
| gTrade (Gains Network) VVV/USD | 0.000% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Lighter RH VVVlong | 0.000% | +0.0096% | 1h | $453K | $1.5M | 5x | |
| RISEx VVV/USDC | +0.002% | +0.0156% | 1h | $369K | $553K | 5x | as long as short |
| Pacifica VVV | +0.010% | +0.0100% | 1h | $168K | $161K | 10x | as long as short |
| OKX VVV-USDT-SWAP | +0.016% | +0.0100% | 4h | $4.9M | $38.4M | 20x | as long as short |
| Extended VVV-USD | +0.018% | +0.0104% | 1h | $295K | $1.6M | 5x | as long as short |
| Hyperliquid VVV | +0.033% | +0.0100% | 1h | $70.3M | $50.8M | 3x | as long as short |
| BingX VVV-USDT | +0.075% | +0.0070% | 4h | — | $4.9M | — | as long as short |
| Paradex VVV-USD-PERP | +0.090% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Variational Omni VVV | +0.547% | +0.0100% | 4h | $2.1M | $210K | — | as long as short |
| edgeX VVVUSDC | +0.639% | +0.0103% | 4h | $77K | $326K | 10x | as long as short |
| Injective VVV/USDC PERP | +7.139% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |