After costs, if the gap returns to its 7d average, $10k−$58
spread now−0.016%7d average−0.079%fees + slippage, in and out−$65spread needed0.645%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH VVV | 31.084 | 0.0096 | pay 0.0012% / 1h | 47m 03s | $463K | $1.5M | 5x |
| Short | Phoenix VVV | 31.079 | 0.0232 | get 0.0029% / 1h | 47m 03s | $55K | $297K | 5x |
Lighter RH VVV
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
- −$1.61
- Funding while held
- $4.07
- Slippage, 4 orders
- −$57.54
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$62.08
- Spread needed to break even
- 0.645%
Slippage from Lighter RH: live order book, 2 min ago; Phoenix: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0136%
- Per $10,000 a day
- +$4.07
- 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, 2 min ago | 9.49 bp | 13.6 bp −$14 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 60 min ago | 3.11 bp | 19.8 bp −$20 | 57.4 bp −$574 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni30.802cheapestCoinbase International31.004+0.657%Bybit31.025+0.726%Derive31.033+0.750%OKX31.033+0.751%Extended31.034+0.753%Bitget31.048+0.800%Binance31.049+0.802%BingX31.054+0.819%Polymarket Perps31.059+0.836%edgeX31.063+0.847%GMX31.064+0.851%Deribit31.074+0.885%gTrade (Gains Network)31.075+0.886%
Variational Omni
Coinbase International
Bybit
Derive
OKX
Extended
Bitget
Binance
BingX
Polymarket Perps
GMX
Deribit
gTrade (Gains Network)Phoenix31.079+0.901%
Gate31.083+0.914%
GateLighter RH31.084+0.917%
RISEx31.090+0.935%01 Exchange31.092+0.943%MEXC31.093+0.946%Phemex31.093+0.946%Backpack31.098+0.962%BloFin31.099+0.965%Lighter31.100+0.968%Hyperliquid31.104+0.982%KuCoin31.115+1.017%Aevo31.116+1.020%Aster31.117+1.022%Nado31.195+1.276%Pacifica31.206+1.313%Kalshi31.214+1.339%Paradex31.226+1.378%
RISEx
MEXC
Phemex
Backpack
BloFin
Lighter
Hyperliquid
KuCoin
Aevo
Aster
Nado
Pacifica
ParadexInjective32.820+6.553%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni VVV | −0.908% | +0.0100% | 4h | $2.1M | $239K | — | as long as short |
| Coinbase International VVV-PERP-INTX | −0.257% | +0.0200% | 1h | $221K | $1.3M | 25x | as long as short |
| Bybit VVVUSDT | −0.189% | +0.0100% | 4h | $38.8M | $49.3M | 20x | as long as short |
| Derive VVV-PERP | −0.165% | +0.0100% | 1h | $414 | $343 | 5x | as long as short |
| OKX VVV-USDT-SWAP | −0.164% | +0.0100% | 4h | $5.1M | $39.4M | 20x | as long as short |
| Extended VVV-USD | −0.162% | +0.0104% | 1h | $300K | $1.6M | 5x | as long as short |
| Bitget VVVUSDT | −0.116% | +0.0100% | 4h | $5.7M | $8.1M | 20x | as long as short |
| Binance VVVUSDT | −0.114% | +0.0100% | 4h | $34.5M | $149.3M | 25x | as long as short |
| BingX VVV-USDT | −0.097% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| Polymarket Perps VVV-USD | −0.080% | +0.0100% | 1h | $136K | $878K | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX VVVUSDC | −0.069% | +0.0114% | 4h | $77K | $326K | 10x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.065% | L +0.0437% / S −0.0200% | 1h | $514K | — | 100x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.032% | 0.0000% | 1h | $92K | $19K | 10x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.031% | L +0.0004% / S −0.0004% | 1h | $19K | — | 150x | as long as short |
| Phoenix VVVshort | −0.016% | +0.0232% | 1h | $55K | $297K | 5x | |
| Gate VVV_USDT | −0.003% | +0.0100% | 4h | $10.5M | $7.3M | 25x | as long as short |
| Lighter RH VVVlong | 0.000% | +0.0096% | 1h | $463K | $1.5M | 5x | |
| RISEx VVV/USDC | +0.018% | +0.0156% | 1h | $374K | $556K | 5x | as long as short |
| 01 Exchange VVVUSD | +0.026% | +0.0144% | 1h | $11K | $3K | 3x | as long as short |
| MEXC VVV_USDT | +0.029% | +0.0100% | 4h | $15.4M | $6.6M | 50x | as long as short |
| Phemex VVVUSDT | +0.029% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Backpack VVV_USDC_PERP | +0.045% | +0.0732% | 1h | $124K | $368K | 5x | as long as short |
| BloFin VVV-USDT | +0.048% | +0.0087% | 4h | $1.4M | $1.5M | 25x | as long as short |
| Lighter VVV | +0.051% | +0.0096% | 1h | $2.2M | $5.0M | 5x | as long as short |
| Hyperliquid VVV | +0.064% | +0.0100% | 1h | $71.5M | $51.9M | 3x | as long as short |
| KuCoin VVVUSDTM | +0.100% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| Aevo VVV-PERP | +0.102% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Aster VVVUSDT | +0.105% | +0.0100% | 4h | $352K | $1.7M | 10x | as long as short |
| Nado VVV-PERP | +0.355% | +0.0100% | 1h | $129K | $640K | 3x | as long as short |
| Pacifica VVV | +0.393% | +0.0100% | 1h | $171K | $163K | 10x | as long as short |
| Kalshi KXVVVPERP | +0.418% | 0.0000% | 8h | $133K | $6.9M | 1.7x | as long as short |
| Paradex VVV-USD-PERP | +0.457% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Injective VVV/USDC PERP | +5.585% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |