After costs, if the gap returns to its 7d average, $10k−$131
spread now−0.083%7d average+0.037%fees + slippage, in and out−$119spread needed1.188%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex VVVUSDT | 30.924 | 0.0100 | pay 0.0050% / 4h | 3h 24m | $2.1M | $2.0M | 50x |
| Short | Backpack VVV_USDC_PERP | 30.898 | 0.0528 | get 0.0066% / 1h | 24m 40s | $123K | $360K | 5x |
Phemex VVVUSDT
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
- −$8.34
- Funding while held
- $12.85
- Slippage, 4 orders
- −$96.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$114.31
- Spread needed to break even
- 1.188%
Slippage from Phemex: live order book, 5 min ago; Backpack: live order book, 20 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0428%
- Per $10,000 a day
- +$12.85
- 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 Phemex live order book, 5 min ago | 1.29 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 20 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.Bybit30.837cheapestBitget30.838+0.002%OKX30.845+0.024%Lighter RH30.848+0.034%Extended30.849+0.037%Gate30.849+0.037%Pacifica30.851+0.044%Paradex30.852+0.047%Lighter30.852+0.047%Binance30.852+0.047%MEXC30.854+0.054%RISEx30.856+0.060%01 Exchange30.859+0.070%BingX30.864+0.086%Hyperliquid30.869+0.102%Aster30.875+0.122%KuCoin30.878+0.131%Kalshi30.878+0.131%Polymarket Perps30.881+0.141%GMX30.897+0.192%BloFin30.898+0.196%
Bybit
Bitget
OKX
Lighter RH
Extended
Gate
Pacifica
Paradex
Lighter
Binance
MEXC
RISEx
BingX
Hyperliquid
Aster
KuCoin
Polymarket Perps
GMX
BloFinBackpack30.898+0.197%
Deribit30.898+0.197%Derive30.900+0.204%gTrade (Gains Network)30.905+0.218%Aevo30.907+0.225%Nado30.908+0.230%
Deribit
Derive
gTrade (Gains Network)
Aevo
NadoPhemex30.924+0.281%
Variational Omni30.942+0.339%Phoenix30.961+0.400%edgeX30.998+0.521%Coinbase International31.004+0.541%
Variational Omni
Phoenix
Coinbase InternationalInjective32.820+6.429%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit VVVUSDT | −0.280% | +0.0100% | 4h | $38.5M | $48.4M | 20x | as long as short |
| Bitget VVVUSDT | −0.278% | +0.0100% | 4h | $5.7M | $7.9M | 20x | as long as short |
| OKX VVV-USDT-SWAP | −0.255% | +0.0100% | 4h | $5.0M | $38.6M | 20x | as long as short |
| Lighter RH VVV | −0.246% | +0.0096% | 1h | $463K | $1.5M | 5x | as long as short |
| Extended VVV-USD | −0.243% | +0.0104% | 1h | $298K | $1.6M | 5x | as long as short |
| Gate VVV_USDT | −0.243% | +0.0100% | 4h | $10.5M | $7.4M | 25x | as long as short |
| Pacifica VVV | −0.236% | +0.0100% | 1h | $170K | $161K | 10x | as long as short |
| Paradex VVV-USD-PERP | −0.233% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Lighter VVV | −0.233% | +0.0096% | 1h | $2.2M | $5.2M | 5x | as long as short |
| Binance VVVUSDT | −0.233% | +0.0100% | 4h | $33.9M | $147.2M | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC VVV_USDT | −0.226% | +0.0100% | 4h | $15.5M | $6.7M | 50x | as long as short |
| RISEx VVV/USDC | −0.220% | +0.0156% | 1h | $371K | $552K | 5x | as long as short |
| 01 Exchange VVVUSD | −0.210% | +0.0208% | 1h | $11K | $3K | 3x | as long as short |
| BingX VVV-USDT | −0.194% | +0.0076% | 4h | — | $4.9M | — | as long as short |
| Hyperliquid VVV | −0.178% | +0.0100% | 1h | $70.9M | $50.1M | 3x | as long as short |
| Aster VVVUSDT | −0.158% | +0.0100% | 4h | $341K | $1.7M | 10x | as long as short |
| KuCoin VVVUSDTM | −0.149% | +0.0100% | 4h | $2.4M | $2.4M | 20x | as long as short |
| Kalshi KXVVVPERP | −0.149% | 0.0000% | 8h | $134K | $6.7M | 1.7x | as long as short |
| Polymarket Perps VVV-USD | −0.139% | +0.0100% | 1h | $131K | $853K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.088% | L +0.0434% / S −0.0200% | 1h | $511K | — | 100x | as long as short |
| BloFin VVV-USDT | −0.084% | +0.0156% | 4h | $1.4M | $1.5M | 25x | as long as short |
| Backpack VVV_USDC_PERPshort | −0.083% | +0.0528% | 1h | $123K | $360K | 5x | |
| Deribit VVV_USDC-PERPETUAL | −0.083% | 0.0000% | 1h | $88K | $22K | 10x | as long as short |
| Derive VVV-PERP | −0.077% | +0.0100% | 1h | $413 | $343 | 5x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.062% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| Aevo VVV-PERP | −0.055% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Nado VVV-PERP | −0.050% | +0.0100% | 1h | $122K | $668K | 3x | as long as short |
| Phemex VVVUSDTlong | 0.000% | +0.0100% | 4h | $2.1M | $2.0M | 50x | |
| Variational Omni VVV | +0.058% | +0.0100% | 4h | $2.1M | $210K | — | as long as short |
| Phoenix VVV | +0.120% | +0.0232% | 1h | $54K | $297K | 5x | as long as short |
| edgeX VVVUSDC | +0.239% | +0.0118% | 4h | $77K | $325K | 10x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.260% | +0.0200% | 1h | $223K | $1.2M | 25x | as long as short |
| Injective VVV/USDC PERP | +6.131% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |