After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.196%7d average+0.085%fees + slippage, in and out−$65spread needed0.651%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VVV-USDT-SWAP | 31.161 | 0.0100 | pay 0.0050% / 4h | 10m 46s | $5.0M | $39.7M | 20x |
| Short | Backpack VVV_USDC_PERP | 31.222 | 0.0479 | get 0.0060% / 1h | 10m 46s | $130K | $361K | 5x |
OKX VVV-USDT-SWAP
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
- $19.64
- Funding while held
- $11.37
- Slippage, 4 orders
- −$45.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.05
- Spread needed to break even
- 0.651%
Slippage from OKX: live order book, 4 min ago; Backpack: live order book, 39 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0379%
- Per $10,000 a day
- +$11.37
- 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 OKX live order book, 4 min ago | 2.24 bp | 15.3 bp −$15 | 69.1 bp −$691 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 39 min ago | 2.24 bp | 18.1 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Phoenix31.128cheapestBybit31.157+0.093%
Phoenix
BybitOKX31.161+0.106%
Paradex31.163+0.111%Bitget31.180+0.167%BingX31.184+0.180%Lighter RH31.185+0.183%Binance31.185+0.184%KuCoin31.188+0.193%Pacifica31.189+0.196%Lighter31.191+0.203%Coinbase International31.193+0.208%MEXC31.195+0.215%Hyperliquid31.206+0.251%RISEx31.209+0.260%Extended31.212+0.271%Polymarket Perps31.213+0.273%GMX31.214+0.278%01 Exchange31.217+0.286%Gate31.217+0.286%Derive31.219+0.292%Nado31.220+0.294%
Paradex
Bitget
BingX
Lighter RH
Binance
KuCoin
Pacifica
Lighter
Coinbase International
MEXC
Hyperliquid
RISEx
Extended
Polymarket Perps
GMX
Gate
Derive
NadoBackpack31.222+0.303%
Phemex31.228+0.321%BloFin31.229+0.324%gTrade (Gains Network)31.232+0.334%Deribit31.238+0.354%Aster31.246+0.378%Aevo31.250+0.392%Kalshi31.278+0.482%Variational Omni31.296+0.538%edgeX31.321+0.621%
Phemex
BloFin
gTrade (Gains Network)
Deribit
Aster
Aevo
Variational OmniInjective32.820+5.436%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix VVV | −0.106% | +0.0276% | 1h | $55K | $302K | 5x | as long as short |
| Bybit VVVUSDT | −0.013% | +0.0100% | 4h | $38.9M | $49.1M | 20x | as long as short |
| OKX VVV-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $5.0M | $39.7M | 20x | |
| Paradex VVV-USD-PERP | +0.005% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Bitget VVVUSDT | +0.061% | +0.0100% | 4h | $5.7M | $8.1M | 20x | as long as short |
| BingX VVV-USDT | +0.074% | +0.0100% | 4h | — | $4.8M | — | as long as short |
| Lighter RH VVV | +0.077% | +0.0096% | 1h | $463K | $1.5M | 5x | as long as short |
| Binance VVVUSDT | +0.077% | +0.0100% | 4h | $34.7M | $150.2M | 25x | as long as short |
| KuCoin VVVUSDTM | +0.087% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| Pacifica VVV | +0.090% | +0.0100% | 1h | $171K | $168K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter VVV | +0.097% | +0.0096% | 1h | $2.2M | $5.1M | 5x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.102% | +0.0248% | 1h | $213K | $1.3M | 25x | as long as short |
| MEXC VVV_USDT | +0.109% | +0.0100% | 4h | $15.4M | $6.9M | 50x | as long as short |
| Hyperliquid VVV | +0.144% | +0.0152% | 1h | $72.7M | $53.7M | 3x | as long as short |
| RISEx VVV/USDC | +0.153% | +0.0122% | 1h | $375K | $568K | 5x | as long as short |
| Extended VVV-USD | +0.165% | +0.0104% | 1h | $302K | $1.6M | 5x | as long as short |
| Polymarket Perps VVV-USD | +0.167% | +0.0100% | 1h | $134K | $786K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC] | +0.172% | L +0.0435% / S −0.0196% | 1h | $516K | — | 100x | as long as short |
| 01 Exchange VVVUSD | +0.180% | +0.0200% | 1h | $11K | $3K | 3x | as long as short |
| Gate VVV_USDT | +0.180% | +0.0100% | 4h | $10.6M | $7.8M | 25x | as long as short |
| Derive VVV-PERP | +0.186% | +0.0100% | 1h | $417 | $343 | 5x | as long as short |
| Nado VVV-PERP | +0.188% | +0.0100% | 1h | $139K | $623K | 3x | as long as short |
| Backpack VVV_USDC_PERPshort | +0.196% | +0.0479% | 1h | $130K | $361K | 5x | |
| Phemex VVVUSDT | +0.215% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| BloFin VVV-USDT | +0.218% | +0.0148% | 4h | $1.4M | $1.6M | 25x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.228% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +0.248% | +0.0064% | 1h | $91K | $18K | 10x | as long as short |
| Aster VVVUSDT | +0.272% | +0.0100% | 4h | $366K | $1.7M | 10x | as long as short |
| Aevo VVV-PERP | +0.286% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Kalshi KXVVVPERP | +0.375% | 0.0000% | 8h | $132K | $7.2M | 1.7x | as long as short |
| Variational Omni VVV | +0.432% | +0.0100% | 4h | $2.1M | $238K | — | as long as short |
| edgeX VVVUSDC | +0.515% | +0.0107% | 4h | $69K | $316K | 10x | as long as short |
| Injective VVV/USDC PERP | +5.324% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |