After costs, if the gap returns to its 7d average, $10k−$91
spread now−0.010%7d average+0.041%fees + slippage, in and out−$86spread needed0.858%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex VVVUSDT | 32.147 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $2.2M | $2.0M | 50x |
| Short | Lighter VVV | 32.144 | 0.0200 | get 0.0025% / 1h | 41m 05s | $2.5M | $4.5M | 5x |
Phemex VVVUSDT
Lighter 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
- Funding while held
- $3
- Slippage, 4 orders
- −$73.79
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.79
- Spread needed to break even
- 0.858%
Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 | 3.73 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.17 bp | 0.2 bp $0 | 0.2 bp −$2 | 346.0 bp −$34.6K | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Gate32.102cheapestBingX32.104+0.006%Derive32.105+0.008%GMX32.106+0.012%Polymarket Perps32.112+0.031%gTrade (Gains Network)32.113+0.034%RISEx32.113+0.034%Bybit32.114+0.036%Variational Omni32.115+0.040%Lighter RH32.117+0.047%Bitget32.117+0.047%MEXC32.119+0.053%Deribit32.121+0.058%OKX32.122+0.062%Extended32.122+0.063%KuCoin32.123+0.065%Kalshi32.128+0.081%Backpack32.130+0.086%Binance32.130+0.087%Aster32.131+0.090%Aevo32.131+0.090%Pacifica32.131+0.091%Paradex32.132+0.093%BloFin32.132+0.093%Nado32.135+0.104%
Gate
BingX
Derive
GMX
Polymarket Perps
gTrade (Gains Network)
RISEx
Bybit
Variational Omni
Lighter RH
Bitget
MEXC
Deribit
OKX
Extended
KuCoin
Backpack
Binance
Aster
Aevo
Pacifica
Paradex
BloFin
NadoLighter32.144+0.130%
Hyperliquid32.145+0.134%
HyperliquidPhemex32.147+0.140%
Coinbase International32.186+0.263%edgeX32.192+0.282%Phoenix32.236+0.417%Injective32.820+2.237%
Coinbase International
Phoenix
InjectiveVVV on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate VVV_USDT | −0.140% | +0.0100% | 4h | $10.9M | $7.8M | 25x | as long as short |
| BingX VVV-USDT | −0.134% | +0.0182% | 4h | — | $4.7M | — | as long as short |
| Derive VVV-PERP | −0.132% | +0.0100% | 1h | $429 | $343 | 5x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.128% | L +0.0534% / S −0.0286% | 1h | $531K | — | 100x | as long as short |
| Polymarket Perps VVV-USD | −0.109% | +0.0100% | 1h | $127K | $766K | 3x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.106% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| RISEx VVV/USDC | −0.106% | +0.0358% | 1h | $385K | $574K | 5x | as long as short |
| Bybit VVVUSDT | −0.104% | +0.0100% | 4h | $39.9M | $48.6M | 20x | as long as short |
| Variational Omni VVV | −0.100% | +0.0100% | 4h | $2.1M | $237K | — | as long as short |
| Lighter RH VVV | −0.093% | +0.0096% | 1h | $503K | $1.4M | 5x | as long as short |
Show all 32 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget VVVUSDT | −0.093% | +0.0100% | 4h | $5.9M | $7.9M | 20x | as long as short |
| MEXC VVV_USDT | −0.087% | +0.0170% | 4h | $15.4M | $6.8M | 50x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.082% | 0.0000% | 1h | $99K | $12K | 10x | as long as short |
| OKX VVV-USDT-SWAP | −0.078% | +0.0100% | 4h | $5.2M | $41.8M | 20x | as long as short |
| Extended VVV-USD | −0.077% | +0.0168% | 1h | $310K | $1.7M | 5x | as long as short |
| KuCoin VVVUSDTM | −0.075% | +0.0100% | 4h | $2.2M | $2.2M | 20x | as long as short |
| Kalshi KXVVVPERP | −0.059% | +0.0220% | 8h | $144K | $7.4M | 1.7x | as long as short |
| Backpack VVV_USDC_PERP | −0.054% | +0.0441% | 1h | $144K | $363K | 5x | as long as short |
| Binance VVVUSDT | −0.053% | +0.0165% | 4h | $36.5M | $149.3M | 25x | as long as short |
| Aster VVVUSDT | −0.050% | +0.0100% | 4h | $403K | $1.6M | 10x | as long as short |
| Aevo VVV-PERP | −0.050% | +0.0128% | 1h | $6K | $13K | 3x | as long as short |
| Pacifica VVV | −0.049% | +0.0100% | 1h | $174K | $243K | 10x | as long as short |
| Paradex VVV-USD-PERP | −0.047% | +0.0101% | 8h | $3K | $86 | 5x | as long as short |
| BloFin VVV-USDT | −0.047% | +0.0169% | 4h | $1.5M | $1.5M | 25x | as long as short |
| Nado VVV-PERP | −0.036% | +0.0100% | 1h | $151K | $648K | 3x | as long as short |
| Lighter VVVshort | −0.010% | +0.0200% | 1h | $2.5M | $4.5M | 5x | |
| Hyperliquid VVV | −0.006% | +0.0216% | 1h | $77.1M | $50.9M | 3x | as long as short |
| Phemex VVVUSDTlong | 0.000% | +0.0100% | 4h | $2.2M | $2.0M | 50x | |
| Coinbase International VVV-PERP-INTX | +0.123% | +0.0232% | 1h | $156K | $1.3M | 25x | as long as short |
| edgeX VVVUSDC | +0.141% | +0.0198% | 4h | $76K | $313K | 10x | as long as short |
| Phoenix VVV | +0.277% | +0.0419% | 1h | $59K | $305K | 5x | as long as short |
| Injective VVV/USDC PERP | +2.094% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |