After costs, if the gap returns to its 7d average, $10k−$139
spread now−0.096%7d average+0.028%fees + slippage, in and out−$126spread needed1.264%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex VVVUSDT | 32.027 | 0.0100 | pay 0.0050% / 4h | 1h 01m | $2.2M | $2.0M | 50x |
| Short | Hyperliquid VVV | 31.996 | 0.0221 | get 0.0028% / 1h | 1m 21s | $76.4M | $51.1M | 3x |
Phemex VVVUSDT
Hyperliquid 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
- −$9.62
- Funding while held
- $3.64
- Slippage, 4 orders
- −$105.44
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$132.42
- Spread needed to break even
- 1.264%
Slippage from Phemex: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0121%
- Per $10,000 a day
- +$3.64
- 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, 4 min ago | 3.43 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.34 bp | 11.1 bp −$11 | 14.5 bp −$145 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Gate31.930cheapestGMX31.940+0.032%Polymarket Perps31.941+0.034%Derive31.942+0.038%Deribit31.945+0.047%Aster31.946+0.050%Bitget31.947+0.053%Bybit31.948+0.057%RISEx31.950+0.063%gTrade (Gains Network)31.951+0.065%Nado31.954+0.077%Lighter RH31.955+0.078%Aevo31.958+0.089%Paradex31.959+0.091%Pacifica31.962+0.100%Extended31.964+0.107%edgeX31.969+0.123%BingX31.970+0.125%Lighter31.970+0.126%Binance31.971+0.127%OKX31.971+0.128%KuCoin31.971+0.128%MEXC31.974+0.138%Kalshi31.979+0.153%Backpack31.979+0.155%01 Exchange31.980+0.157%Phoenix31.983+0.166%BloFin31.989+0.185%
Gate
GMX
Polymarket Perps
Derive
Deribit
Aster
Bitget
Bybit
RISEx
gTrade (Gains Network)
Nado
Lighter RH
Aevo
Paradex
Pacifica
Extended
BingX
Lighter
Binance
OKX
KuCoin
MEXC
Backpack
Phoenix
BloFinHyperliquid31.996+0.207%
Variational Omni32.008+0.245%
Variational OmniPhemex32.027+0.304%
Coinbase International32.071+0.442%Injective32.820+2.787%
Coinbase International
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate VVV_USDT | −0.303% | +0.0100% | 4h | $10.8M | $8.0M | 25x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.271% | L +0.0487% / S −0.0238% | 1h | $531K | — | 100x | as long as short |
| Polymarket Perps VVV-USD | −0.269% | +0.0100% | 1h | $128K | $801K | 3x | as long as short |
| Derive VVV-PERP | −0.265% | +0.0100% | 1h | $426 | $343 | 5x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.256% | 0.0000% | 1h | $98K | $13K | 10x | as long as short |
| Aster VVVUSDT | −0.253% | +0.0100% | 4h | $389K | $1.7M | 10x | as long as short |
| Bitget VVVUSDT | −0.250% | +0.0100% | 4h | $5.8M | $7.9M | 20x | as long as short |
| Bybit VVVUSDT | −0.246% | +0.0100% | 4h | $39.8M | $48.1M | 20x | as long as short |
| RISEx VVV/USDC | −0.240% | +0.0358% | 1h | $383K | $561K | 5x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.238% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado VVV-PERP | −0.226% | +0.0100% | 1h | $151K | $628K | 3x | as long as short |
| Lighter RH VVV | −0.225% | +0.0096% | 1h | $489K | $1.5M | 5x | as long as short |
| Aevo VVV-PERP | −0.214% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Paradex VVV-USD-PERP | −0.212% | +0.0101% | 8h | $3K | $86 | 5x | as long as short |
| Pacifica VVV | −0.203% | +0.0100% | 1h | $173K | $236K | 10x | as long as short |
| Extended VVV-USD | −0.196% | +0.0104% | 1h | $308K | $1.7M | 5x | as long as short |
| edgeX VVVUSDC | −0.180% | +0.0102% | 4h | $76K | $313K | 10x | as long as short |
| BingX VVV-USDT | −0.178% | +0.0100% | 4h | — | $4.7M | — | as long as short |
| Lighter VVV | −0.177% | +0.0096% | 1h | $2.4M | $4.8M | 5x | as long as short |
| Binance VVVUSDT | −0.176% | +0.0100% | 4h | $36.0M | $148.9M | 25x | as long as short |
| OKX VVV-USDT-SWAP | −0.175% | +0.0100% | 4h | $5.2M | $41.2M | 20x | as long as short |
| KuCoin VVVUSDTM | −0.175% | +0.0100% | 4h | $1.9M | $2.3M | 20x | as long as short |
| MEXC VVV_USDT | −0.165% | +0.0100% | 4h | $15.7M | $7.0M | 50x | as long as short |
| Kalshi KXVVVPERP | −0.150% | +0.0137% | 8h | $139K | $7.4M | 1.7x | as long as short |
| Backpack VVV_USDC_PERP | −0.149% | +0.0345% | 1h | $140K | $355K | 5x | as long as short |
| 01 Exchange VVVUSD | −0.147% | +0.0136% | 1h | $11K | $5K | 3x | as long as short |
| Phoenix VVV | −0.137% | +0.0419% | 1h | $58K | $305K | 5x | as long as short |
| BloFin VVV-USDT | −0.119% | +0.0066% | 4h | $1.4M | $1.6M | 25x | as long as short |
| Hyperliquid VVVshort | −0.096% | +0.0221% | 1h | $76.4M | $51.1M | 3x | |
| Variational Omni VVV | −0.059% | +0.0100% | 4h | $2.1M | $237K | — | as long as short |
| Phemex VVVUSDTlong | 0.000% | +0.0100% | 4h | $2.2M | $2.0M | 50x | |
| Coinbase International VVV-PERP-INTX | +0.138% | +0.0232% | 1h | $163K | $1.3M | 25x | as long as short |
| Injective VVV/USDC PERP | +2.476% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |