VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0285%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h −0.143%

Price spread now: gTrade (Gains Network) against Backpack−0.171%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 gTrade (Gains Network) is 0.171% cheaper against Backpack than usual: you would sell low and buy high (−$17 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	31.959	0.0289	pay 0.0036% / 1h	30m 51s	$123K	$318K	5x
Short	gTrade (Gains Network) VVV/USD	31.904	L +0.0004% / S −0.0004%	get 0.0000% / 1h	30m 51s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.171%Rate

Funding earned: −$59.93
Price spread: −0.171% → 0.000%: −$17.08
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$99.02
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 38 min ago; gTrade (Gains Network): 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, 38 min ago	2.44 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
RISEx VVV/USDC	−0.0111%	1h	31.891	−0.211%	$399K	$620K	5x	as long as short
Bybit VVVUSDT	−0.0067%	4h	31.908	−0.159%	$39.0M	$50.8M	20x	as long as short
Gate VVV_USDT	−0.0064%	4h	31.913	−0.143%	$10.7M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0044%	1h	31.900	−0.184%	$147K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.909	−0.156%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.859	−0.312%	$49K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USDshort	L +0.0004% / S −0.0004%	1h	31.904	−0.171%	$2K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.695%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	31.921	−0.118%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.916	−0.133%	$2.2M	$5.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.905	−0.168%	$471K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.878	−0.251%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.918	−0.127%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.960	+0.004%	$73.7M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.941	−0.055%	$259K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.903	−0.173%	$191K	$177K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.926	−0.102%	$33.9M	$150.0M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.927	−0.099%	$4.8M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.946	−0.040%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.912	−0.146%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.912	−0.146%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.937	−0.068%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	−0.263%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.902	−0.177%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.911	−0.149%	$2.1M	$2.1M	50x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0101%	1h	31.920	−0.120%	$89K	$24K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.938	−0.065%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.933	−0.082%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.831	−0.399%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0122%	1h	31.907	−0.162%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.955	−0.011%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERPlong	+0.0289%	1h	31.959	long leg	$123K	$318K	5x