After costs, if the gap returns to its 7d average, $10k−$84
spread now+0.462%7d average−0.039%fees + slippage, in and out−$134spread needed1.342%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex VVVUSDT | 31.134 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $2.1M | $2.0M | 50x |
| Short | Coinbase International VVV-PERP-INTX | 31.278 | 0.0248 | get 0.0031% / 1h | 59m 36s | $214K | $1.3M | 25x |
Phemex VVVUSDT
Coinbase International VVV-PERP-INTXPrice 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
- $46.19
- Funding while held
- $4.44
- Slippage, 4 orders
- −$112.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$83.57
- Spread needed to break even
- 1.342%
Slippage from Phemex: live order book, 5 min ago; Coinbase International: live order book, just now.
Cost of waiting
funding view- Funding /8h
- +0.0148%
- Per $10,000 a day
- +$4.44
- 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 | 1.45 bp | 43.0 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, just now | 17.26 bp | 26.5 bp −$27 | 40.1 bp −$401 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.RISEx31.066cheapestBitget31.067+0.002%BingX31.073+0.021%Extended31.075+0.027%Gate31.076+0.031%01 Exchange31.082+0.050%Binance31.085+0.060%Aster31.085+0.061%Nado31.087+0.066%Hyperliquid31.088+0.070%Lighter RH31.090+0.076%Lighter31.094+0.090%MEXC31.097+0.098%Paradex31.097+0.099%Pacifica31.099+0.105%KuCoin31.102+0.115%Polymarket Perps31.105+0.124%edgeX31.107+0.132%GMX31.108+0.134%Derive31.111+0.144%gTrade (Gains Network)31.113+0.150%Aevo31.118+0.165%Deribit31.120+0.171%Bybit31.121+0.175%Kalshi31.121+0.176%Backpack31.121+0.177%OKX31.124+0.185%BloFin31.125+0.189%Variational Omni31.131+0.207%
RISEx
Bitget
BingX
Extended
Gate
Binance
Aster
Nado
Hyperliquid
Lighter RH
Lighter
MEXC
Paradex
Pacifica
KuCoin
Polymarket Perps
GMX
Derive
gTrade (Gains Network)
Aevo
Deribit
Bybit
Backpack
OKX
BloFin
Variational OmniPhemex31.134+0.218%
Phoenix31.229+0.523%
PhoenixCoinbase International31.278+0.680%
Injective32.820+5.645%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| RISEx VVV/USDC | −0.217% | +0.0156% | 1h | $373K | $565K | 5x | as long as short |
| Bitget VVVUSDT | −0.215% | +0.0100% | 4h | $5.7M | $8.0M | 20x | as long as short |
| BingX VVV-USDT | −0.196% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| Extended VVV-USD | −0.190% | +0.0104% | 1h | $300K | $1.6M | 5x | as long as short |
| Gate VVV_USDT | −0.186% | +0.0100% | 4h | $10.5M | $7.2M | 25x | as long as short |
| 01 Exchange VVVUSD | −0.167% | +0.0072% | 1h | $11K | $3K | 3x | as long as short |
| Binance VVVUSDT | −0.157% | +0.0100% | 4h | $34.4M | $150.2M | 25x | as long as short |
| Aster VVVUSDT | −0.156% | +0.0100% | 4h | $355K | $1.7M | 10x | as long as short |
| Nado VVV-PERP | −0.151% | +0.0100% | 1h | $135K | $623K | 3x | as long as short |
| Hyperliquid VVV | −0.148% | +0.0100% | 1h | $72.2M | $53.7M | 3x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH VVV | −0.141% | +0.0096% | 1h | $463K | $1.4M | 5x | as long as short |
| Lighter VVV | −0.127% | +0.0096% | 1h | $2.2M | $5.0M | 5x | as long as short |
| MEXC VVV_USDT | −0.119% | +0.0100% | 4h | $15.3M | $6.5M | 50x | as long as short |
| Paradex VVV-USD-PERP | −0.118% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| Pacifica VVV | −0.112% | +0.0100% | 1h | $171K | $168K | 10x | as long as short |
| KuCoin VVVUSDTM | −0.103% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| Polymarket Perps VVV-USD | −0.093% | +0.0100% | 1h | $128K | $795K | 3x | as long as short |
| edgeX VVVUSDC | −0.085% | +0.0104% | 4h | $70K | $319K | 10x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.083% | L +0.0434% / S −0.0196% | 1h | $514K | — | 100x | as long as short |
| Derive VVV-PERP | −0.074% | +0.0100% | 1h | $415 | $343 | 5x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.067% | L +0.0004% / S −0.0004% | 1h | $438 | — | 150x | as long as short |
| Aevo VVV-PERP | −0.052% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.046% | +0.0023% | 1h | $92K | $19K | 10x | as long as short |
| Bybit VVVUSDT | −0.042% | +0.0100% | 4h | $38.8M | $49.1M | 20x | as long as short |
| Kalshi KXVVVPERP | −0.042% | 0.0000% | 8h | $131K | $7.1M | 1.7x | as long as short |
| Backpack VVV_USDC_PERP | −0.041% | +0.0428% | 1h | $129K | $364K | 5x | as long as short |
| OKX VVV-USDT-SWAP | −0.032% | +0.0100% | 4h | $5.0M | $39.6M | 20x | as long as short |
| BloFin VVV-USDT | −0.029% | +0.0075% | 4h | $1.4M | $1.5M | 25x | as long as short |
| Variational Omni VVV | −0.011% | +0.0100% | 4h | $2.1M | $238K | — | as long as short |
| Phemex VVVUSDTlong | 0.000% | +0.0100% | 4h | $2.1M | $2.0M | 50x | |
| Phoenix VVV | +0.305% | +0.0276% | 1h | $55K | $302K | 5x | as long as short |
| Coinbase International VVV-PERP-INTXshort | +0.462% | +0.0248% | 1h | $214K | $1.3M | 25x | |
| Injective VVV/USDC PERP | +5.415% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |