VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.108%

Price spread now: Backpack against Aevo−0.035%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.035% cheaper against Aevo than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo VVV-PERP	31.896	0.0104	pay 0.0013% / 1h	32m 25s	$6K	—	3x
Short	Backpack VVV_USDC_PERP	31.885	0.0272	get 0.0034% / 1h	32m 25s	$123K	$319K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BackpackbpOrdersPrice spread, now −0.035%Rate

Funding earned: $35.22
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: $5.72
Costs to cover: 0.260%
Break-even: 5.9 days

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 36 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 36 min ago	2.44 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	−0.0113%	4h	31.889	−0.022%	$39.0M	$50.9M	20x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.884	−0.038%	$398K	$619K	5x	as long as short
Gate VVV_USDT	−0.0080%	4h	31.878	−0.057%	$10.7M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0052%	1h	31.887	−0.029%	$147K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.913	+0.053%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.859	−0.117%	$49K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.900	+0.012%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.883	−0.041%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.896%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	31.909	+0.040%	$11K	$3K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.882	−0.044%	$2.2M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.871	−0.079%	$471K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.884	−0.040%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.913	+0.051%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.934	+0.119%	$73.6M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.910	+0.043%	$259K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.895	−0.003%	$191K	$177K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.909	+0.040%	$33.9M	$150.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.908	+0.037%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.905	+0.028%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.888	−0.026%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.880	−0.051%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.907	+0.034%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.679	−0.682%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.892	−0.012%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.874	−0.069%	$2.1M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.901	+0.016%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERPlong	+0.0104%	1h	31.896	long leg	$6K	—	3x
edgeX VVVUSDC	+0.0108%	4h	31.831	−0.203%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0122%	1h	31.892	−0.013%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.932	+0.112%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERPshort	+0.0272%	1h	31.885	−0.035%	$123K	$319K	5x