VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.120%

Price spread now: Deribit against Backpack−0.104%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.790%−$79 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.104% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.080	0.0270	pay 0.0034% / 1h	15m 24s	$122K	$380K	5x
Short	Deribit VVV_USDC-PERPETUAL	32.047	0	get 0.0000% / 1h	15m 24s	$92K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Backpack. 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 BackpackbpFee DeribitbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$56.74
Price spread: −0.104% → 0.000%: −$10.44
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$84.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 8 min ago; Deribit: no order-book sample. 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 Backpack live order book, 8 min ago	3.23 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 33 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
Kalshi KXVVVPERP	0.0000%	8h	32.068	−0.038%	$121K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	32.047	−0.104%	$92K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.148	+0.213%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.306%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.025	−0.172%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.140	+0.187%	$396K	$574K	5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	32.175	+0.296%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.069	−0.035%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.052	−0.088%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.163	+0.258%	$149K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.202	+0.380%	$74.0M	$54.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.176	+0.298%	$278K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.073	−0.024%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.159	+0.246%	$33.9M	$154.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.143	+0.196%	$39.6M	$52.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.159	+0.246%	$4.8M	$42.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.182	+0.317%	$10.9M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.147	+0.208%	$17.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.210	+0.405%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.151	+0.221%	$5.8M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.152	+0.224%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.953	−0.396%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.144	+0.199%	$144K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.040	−0.127%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.986	−0.294%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.067	−0.042%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.014	−0.207%	$80K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.141	+0.191%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.049	−0.097%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0158%	4h	32.048	−0.100%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.142	+0.193%	$561K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.056	−0.075%	$212K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERPlong	+0.0270%	1h	32.080	long leg	$122K	$380K	5x