VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.067%

Price spread now: Injective against Backpack+1.780%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Injective

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

The price spread pays, funding is against you. Injective is 1.780% dearer against Backpack than usual: you sell high and buy low (spread +1.780% now, against zero (this spread has no 7-day history yet)): +$178 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.246	0.0100	pay 0.0013% / 1h	35m 09s	$122K	$358K	5x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	35m 09s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.780%Rate

Funding earned: −$14
Price spread: +1.780% → 0.000%: $178.01
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $153.99
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: live order book, 43 min ago; Injective: 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, 43 min ago	2.36 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	32.147	−0.307%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.159	−0.269%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.156	−0.280%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0033%	1h	32.138	−0.335%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+1.780%	$2K	$1K	5.5x
RISEx VVV/USDC	+0.0040%	1h	32.159	−0.271%	$395K	$603K	5x	as long as short
01 Exchange VVVUSD	+0.0056%	1h	32.168	−0.242%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.226	−0.063%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.177	−0.214%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.148	−0.302%	$161K	$833K	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	32.252	+0.019%	$74.7M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.197	−0.151%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.147	−0.307%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.218	−0.087%	$33.7M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.212	−0.105%	$39.5M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.223	−0.071%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.202	−0.136%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.191	−0.171%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.148	−0.304%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.187	−0.183%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.207	−0.121%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERPlong	+0.0100%	1h	32.246	long leg	$122K	$358K	5x
Variational Omni VVV	+0.0100%	4h	32.201	−0.140%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.163	−0.258%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.181	−0.202%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.130	−0.359%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.163	−0.257%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.156	−0.278%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	−0.062%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	−0.031%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0149%	4h	32.165	−0.251%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.152	−0.292%	$618K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.098%	$242K	$1.3M	25x	as long as short