VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.090%

Price spread now: Extended against Backpack+0.077%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.622%−$62 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.077%, 7d avg −0.092%

Together, before fees−0.712%+ Points / potential airdropExtended: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.169% dearer against Backpack than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.092%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.622% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.070	0.0233	pay 0.0029% / 1h	21m 10s	$121K	$375K	5x
Short	Extended VVV-USD	32.094	0.0104	get 0.0013% / 1h	21m 10s	$317K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$27.14
Price spread: +0.077% → −0.092%: $16.89
Slippage, 4 orders: −$54.27
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$79.51
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from Backpack: live order book, 62 min ago; Extended: live order book, 2 min ago.

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, 62 min ago	3.23 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	1.60 bp	20.8 bp −$21	224.4 bp −$2,244	doesn't fit	doesn't fit

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
Deribit VVV_USDC-PERPETUAL	−0.0068%	1h	32.097	+0.085%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.189	+0.372%	$106K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.111	+0.131%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.340%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0095%	4h	32.096	+0.082%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.128	+0.181%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.102	+0.101%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.033	−0.114%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.111	+0.129%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.117	+0.147%	$264K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.192	+0.383%	$185K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.095	+0.079%	$33.6M	$157.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.063	−0.019%	$39.5M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.059	−0.033%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.056	−0.042%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.100	+0.095%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.139	+0.216%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.042	−0.086%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.061	−0.027%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	+0.025%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.104	+0.107%	$138K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.108	+0.120%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.105	+0.110%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.143	+0.230%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.094	+0.077%	$317K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.116	+0.145%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	32.073	+0.010%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.185	+0.360%	$226K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.124	+0.169%	$394K	$598K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.096	+0.084%	$618K	—	100x	as long as short
Backpack VVV_USDC_PERPlong	+0.0233%	1h	32.070	long leg	$121K	$375K	5x
Hyperliquid VVV	+0.0374%	1h	32.086	+0.051%	$74.5M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0376%	1h	32.117	+0.148%	$11K	$3K	3x	as long as short