After costs, if the gap returns to its 7d average, $10k−$68
spread now0.000%7d average+0.045%fees + slippage, in and out−$63spread needed0.631%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix VVV | 31.813 | 0.0308 | pay 0.0038% / 1h | 25m 40s | $56K | $277K | 5x |
| Short | BloFin VVV-USDT | 31.813 | 0.0040 | get 0.0020% / 4h | 1h 25m | $1.4M | $1.6M | 25x |
Phoenix VVV
BloFin VVV-USDTPrice 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
- $0
- Funding while held
- −$8.03
- Slippage, 4 orders
- −$44.1
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.13
- Spread needed to break even
- 0.631%
Slippage from Phoenix: live order book, 6 min ago; BloFin: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0268%
- Per $10,000 a day
- −$8.03
- 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 Phoenix live order book, 6 min ago | 3.14 bp | 19.7 bp −$20 | 65.3 bp −$653 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.31 bp | 9.8 bp −$10 | 25.2 bp −$252 | doesn't fit | doesn't fit |
VVV price on every exchange
against the cheapest. Click to use as the short leg.OKX31.692cheapestBybit31.698+0.019%Gate31.721+0.092%RISEx31.723+0.098%MEXC31.727+0.110%Nado31.727+0.112%Binance31.728+0.112%Pacifica31.728+0.115%Lighter31.735+0.137%GMX31.736+0.140%Lighter RH31.737+0.142%Bitget31.737+0.142%Deribit31.741+0.154%Paradex31.741+0.155%01 Exchange31.742+0.158%Derive31.745+0.166%BingX31.747+0.174%Aster31.747+0.175%Extended31.748+0.176%Variational Omni31.749+0.180%KuCoin31.750+0.183%Polymarket Perps31.751+0.186%gTrade (Gains Network)31.752+0.190%Aevo31.761+0.216%Backpack31.765+0.229%Hyperliquid31.766+0.233%Phemex31.774+0.259%Kalshi31.784+0.290%
OKX
Bybit
Gate
RISEx
MEXC
Nado
Binance
Pacifica
Lighter
GMX
Lighter RH
Bitget
Deribit
Paradex
Derive
BingX
Aster
Extended
Variational Omni
KuCoin
Polymarket Perps
gTrade (Gains Network)
Aevo
Backpack
Hyperliquid
PhemexPhoenix31.813+0.382%
BloFin31.813+0.382%
Coinbase International31.818+0.397%edgeX31.873+0.572%Injective32.820+3.559%
Coinbase International
InjectiveVVV on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX VVV-USDT-SWAP | −0.380% | +0.0100% | 4h | $4.8M | $40.4M | 20x | as long as short |
| Bybit VVVUSDT | −0.361% | +0.0100% | 4h | $39.6M | $50.4M | 20x | as long as short |
| Gate VVV_USDT | −0.289% | +0.0100% | 4h | $10.8M | $7.5M | 25x | as long as short |
| RISEx VVV/USDC | −0.283% | +0.0256% | 1h | $388K | $595K | 5x | as long as short |
| MEXC VVV_USDT | −0.270% | +0.0100% | 4h | $16.4M | $6.7M | 50x | as long as short |
| Nado VVV-PERP | −0.269% | +0.0100% | 1h | $148K | $785K | 3x | as long as short |
| Binance VVVUSDT | −0.269% | +0.0100% | 4h | $34.0M | $150.9M | 25x | as long as short |
| Pacifica VVV | −0.266% | +0.0100% | 1h | $182K | $168K | 10x | as long as short |
| Lighter VVV | −0.244% | +0.0128% | 1h | $2.2M | $5.4M | 5x | as long as short |
| GMX VVV/USD [ETH-USDC] | −0.241% | L +0.0445% / S −0.0202% | 1h | $527K | — | 100x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH VVV | −0.239% | +0.0096% | 1h | $478K | $1.6M | 5x | as long as short |
| Bitget VVVUSDT | −0.239% | +0.0100% | 4h | $5.9M | $8.3M | 20x | as long as short |
| Deribit VVV_USDC-PERPETUAL | −0.227% | 0.0000% | 1h | $91K | $22K | 10x | as long as short |
| Paradex VVV-USD-PERP | −0.226% | +0.0100% | 8h | $3K | $106 | 5x | as long as short |
| 01 Exchange VVVUSD | −0.223% | +0.0448% | 1h | $11K | $3K | 3x | as long as short |
| Derive VVV-PERP | −0.215% | +0.0100% | 1h | $424 | $343 | 5x | as long as short |
| BingX VVV-USDT | −0.207% | +0.0100% | 4h | — | $5.0M | — | as long as short |
| Aster VVVUSDT | −0.206% | +0.0100% | 4h | $277K | $1.8M | 10x | as long as short |
| Extended VVV-USD | −0.205% | +0.0104% | 1h | $307K | $1.6M | 5x | as long as short |
| Variational Omni VVV | −0.201% | +0.0100% | 4h | $2.1M | $184K | — | as long as short |
| KuCoin VVVUSDTM | −0.198% | +0.0100% | 4h | $2.3M | $2.4M | 20x | as long as short |
| Polymarket Perps VVV-USD | −0.195% | +0.0100% | 1h | $136K | $916K | 3x | as long as short |
| gTrade (Gains Network) VVV/USD | −0.191% | L +0.0004% / S −0.0004% | 1h | $447 | — | 150x | as long as short |
| Aevo VVV-PERP | −0.165% | +0.0104% | 1h | $6K | $13K | 3x | as long as short |
| Backpack VVV_USDC_PERP | −0.152% | +0.0673% | 1h | $143K | $378K | 5x | as long as short |
| Hyperliquid VVV | −0.148% | +0.0854% | 1h | $73.5M | $52.3M | 3x | as long as short |
| Phemex VVVUSDT | −0.123% | +0.0100% | 4h | $2.1M | $2.0M | 50x | as long as short |
| Kalshi KXVVVPERP | −0.091% | 0.0000% | 8h | $129K | $6.8M | 1.7x | as long as short |
| Phoenix VVVlong | 0.000% | +0.0308% | 1h | $56K | $277K | 5x | |
| BloFin VVV-USDTshort | 0.000% | +0.0040% | 4h | $1.4M | $1.6M | 25x | |
| Coinbase International VVV-PERP-INTX | +0.015% | +0.0200% | 1h | $222K | $1.1M | 25x | as long as short |
| edgeX VVVUSDC | +0.190% | +0.0113% | 4h | $79K | $327K | 10x | as long as short |
| Injective VVV/USDC PERP | +3.165% | +0.0033% | 1h | $2K | $1K | 5.5x | as long as short |