VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0312%/8h= −34.1% APRnext payment −$0.39 per $10,000 · paid last 24h −0.112%

Price spread now: Derive against Backpack−0.095%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 Derive

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Derive is 0.095% 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	30.841	0.0412	pay 0.0051% / 1h	55m 09s	$120K	$269K	5x
Short	Derive VVV-PERP	30.812	0.0100	get 0.0013% / 1h	55m 09s	$3K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.095%Rate

Funding earned: −$65.43
Price spread: −0.095% → 0.000%: −$9.52
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$90.95
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 3 min ago; Derive: 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, 3 min ago	2.74 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
RISEx VVV/USDC	−0.0299%	1h	30.818	−0.074%	$378K	$644K	5x	as long as short
01 Exchange VVVUSD	−0.0032%	1h	30.844	+0.010%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	−0.0031%	1h	30.813	−0.091%	$126K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.821	−0.065%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.825	−0.052%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0014%	4h	30.823	−0.058%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.417%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.667	−0.565%	$150K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.812	−0.093%	$2.1M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.806	−0.113%	$455K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.835	−0.018%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.827	−0.045%	$112K	$859K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.816	−0.081%	$70.7M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.833	−0.025%	$248K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.851	+0.033%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.809	−0.103%	$32.7M	$134.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.808	−0.106%	$38.2M	$44.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.798	−0.139%	$4.7M	$35.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.831	−0.032%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.769	−0.233%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.814	−0.088%	$5.7M	$7.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.824	−0.055%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.857	+0.052%	$1.9M	$279K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	30.812	−0.095%	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	30.823	−0.058%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.821	−0.064%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.826	−0.049%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	30.751	−0.292%	$76K	$333K	10x	as long as short
Phoenix VVV	+0.0153%	1h	30.840	−0.003%	$36K	$253K	5x	as long as short
BloFin VVV-USDT	+0.0159%	4h	30.835	−0.019%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0166%	8h	30.860	+0.062%	$98K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.816	−0.080%	$556K	—	100x	as long as short
Backpack VVV_USDC_PERPlong	+0.0412%	1h	30.841	long leg	$120K	$269K	5x