VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0799%/8h= −87.5% APRnext payment −$1.00 per $10,000 · paid last 24h −0.077%

Price spread now: RISEx against Backpack−0.083%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.083%, 7d avg −0.082%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.180% in total (about -17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	31.613	0.0462	pay 0.0058% / 1h	43m 16s	$164K	$274K	5x
Short	RISEx VVV/USDC	31.587	−0.0337	pay 0.0042% / 1h	43m 16s	$387K	$658K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$167.74
Price spread: −0.083% → −0.082%: −$0.1
Slippage, 4 orders: −$27.26
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$211.09
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from Backpack: live order book, 60 min ago; RISEx: live order book, 60 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, 60 min ago	2.62 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 60 min ago	3.07 bp	6.2 bp −$6	doesn't fit	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
RISEx VVV/USDCshort	−0.0337%	1h	31.587	−0.083%	$387K	$658K	5x
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.520	−0.294%	$187K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0035%	1h	31.605	−0.028%	$88K	$22K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.617	+0.012%	$92K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.635	+0.069%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.817%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.634	+0.065%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.639	+0.081%	$465K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.602	−0.034%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.607	−0.022%	$147K	$933K	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	31.630	+0.053%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.644	+0.096%	$251K	$666K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.606	−0.022%	$186K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.644	+0.096%	$33.8M	$114.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.619	+0.018%	$38.6M	$40.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.633	+0.062%	$4.9M	$28.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.603	−0.033%	$11.6M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.642	+0.091%	$7.0M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.612	−0.004%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.605	−0.026%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.624	+0.034%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.569	−0.139%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.585	−0.090%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.580	−0.105%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.648	+0.110%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.623	+0.031%	$302K	$1.5M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.636	+0.073%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.651	+0.120%	$79K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0147%	4h	31.647	+0.107%	$1.4M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	31.611	−0.007%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.603	−0.033%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0438% / S −0.0210%	1h	31.627	+0.043%	$509K	—	100x	as long as short
Backpack VVV_USDC_PERPlong	+0.0462%	1h	31.613	long leg	$164K	$274K	5x