After costs, if the gap returns to its 7d average, $10k−$82
spread now+0.232%7d average+0.065%fees + slippage, in and out−$99spread needed0.990%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex VVVUSDT | 30.545 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $2.1M | $2.0M | 50x |
| Short | Lighter RH VVV | 30.616 | 0.0096 | get 0.0012% / 1h | 51m 45s | $453K | $1.5M | 5x |
Phemex VVVUSDT
Lighter RH 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
- $23.24
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$75.87
- Spread needed to break even
- 0.990%
Slippage from Phemex: live order book, 3 min ago; Lighter RH: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 3 min ago | 2.79 bp | 37.7 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 7.53 bp | 10.2 bp −$10 | 23.7 bp −$237 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni30.454cheapestedgeX30.455+0.004%Phoenix30.494+0.132%BloFin30.526+0.237%Nado30.533+0.261%GMX30.538+0.275%Derive30.541+0.287%MEXC30.545+0.299%
Variational Omni
Phoenix
BloFin
Nado
GMX
Derive
MEXCPhemex30.545+0.299%
Gate30.547+0.306%Polymarket Perps30.547+0.306%gTrade (Gains Network)30.548+0.308%RISEx30.548+0.309%Deribit30.552+0.321%Aevo30.553+0.325%Pacifica30.561+0.351%Coinbase International30.561+0.353%Extended30.562+0.354%Aster30.570+0.381%Paradex30.571+0.384%KuCoin30.572+0.388%BingX30.572+0.388%01 Exchange30.578+0.408%Kalshi30.588+0.440%Bitget30.591+0.450%Backpack30.592+0.453%Bybit30.604+0.493%Binance30.612+0.521%
Gate
Polymarket Perps
gTrade (Gains Network)
RISEx
Deribit
Aevo
Pacifica
Coinbase International
Extended
Aster
Paradex
KuCoin
BingX
Bitget
Backpack
Bybit
BinanceLighter RH30.616+0.532%
Lighter30.624+0.558%OKX30.625+0.562%Hyperliquid30.646+0.631%
Lighter
OKX
HyperliquidInjective32.820+7.770%
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni VVV | −0.298% | +0.0100% | 4h | $2.0M | $209K | — | as long as short |
| edgeX VVVUSDC | −0.294% | +0.0106% | 4h | $76K | $326K | 10x | as long as short |
| Phoenix VVV | −0.167% | +0.0105% | 1h | $53K | $278K | 5x | as long as short |
| BloFin VVV-USDT | −0.062% | +0.0041% | 4h | $1.4M | $1.5M | 25x | as long as short |
| Nado VVV-PERP | −0.038% | +0.0100% | 1h | $118K | $711K | 3x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.024% | L +0.0434% / S −0.0202% | 1h | $507K | — | 100x | as long as short |
| Derive VVV-PERP | −0.013% | +0.0100% | 1h | $408 | $343 | 5x | as long as short |
| MEXC VVV_USDT | 0.000% | +0.0100% | 4h | $15.2M | $6.3M | 50x | as long as short |
| Phemex VVVUSDTlong | 0.000% | +0.0100% | 4h | $2.1M | $2.0M | 50x | |
| Gate VVV_USDT | +0.007% | +0.0100% | 4h | $10.4M | $7.2M | 25x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps VVV-USD | +0.007% | +0.0100% | 1h | $125K | $855K | 3x | as long as short |
| gTrade (Gains Network) VVV/USD | +0.009% | L +0.0004% / S −0.0004% | 1h | $18K | — | 150x | as long as short |
| RISEx VVV/USDC | +0.010% | +0.0082% | 1h | $371K | $566K | 5x | as long as short |
| Deribit VVV_USDC-PERPETUAL | +0.022% | 0.0000% | 1h | $88K | $22K | 10x | as long as short |
| Aevo VVV-PERP | +0.026% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Pacifica VVV | +0.051% | +0.0100% | 1h | $168K | $161K | 10x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.053% | +0.0176% | 1h | $219K | $1.1M | 25x | as long as short |
| Extended VVV-USD | +0.055% | +0.0104% | 1h | $294K | $1.6M | 5x | as long as short |
| Aster VVVUSDT | +0.081% | +0.0100% | 4h | $307K | $1.7M | 10x | as long as short |
| Paradex VVV-USD-PERP | +0.085% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| KuCoin VVVUSDTM | +0.088% | +0.0100% | 4h | $2.5M | $2.4M | 20x | as long as short |
| BingX VVV-USDT | +0.088% | +0.0100% | 4h | — | $4.9M | — | as long as short |
| 01 Exchange VVVUSD | +0.108% | +0.0328% | 1h | $11K | $3K | 3x | as long as short |
| Kalshi KXVVVPERP | +0.141% | 0.0000% | 8h | $143K | $6.6M | 1.7x | as long as short |
| Bitget VVVUSDT | +0.151% | +0.0100% | 4h | $5.6M | $8.0M | 20x | as long as short |
| Backpack VVV_USDC_PERP | +0.153% | +0.0717% | 1h | $125K | $355K | 5x | as long as short |
| Bybit VVVUSDT | +0.193% | +0.0100% | 4h | $38.7M | $49.1M | 20x | as long as short |
| Binance VVVUSDT | +0.221% | +0.0100% | 4h | $33.7M | $148.0M | 25x | as long as short |
| Lighter RH VVVshort | +0.232% | +0.0096% | 1h | $453K | $1.5M | 5x | |
| Lighter VVV | +0.258% | +0.0096% | 1h | $2.1M | $5.2M | 5x | as long as short |
| OKX VVV-USDT-SWAP | +0.262% | +0.0100% | 4h | $4.9M | $38.5M | 20x | as long as short |
| Hyperliquid VVV | +0.331% | +0.0315% | 1h | $70.0M | $51.0M | 3x | as long as short |
| Injective VVV/USDC PERP | +7.448% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |