Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.112%

Price spread now: Variational Omni against Backpack−0.245%7-day average −0.060% · you buy dearer than you sell

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

Long on Backpack Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.489%−$49 on $10k

Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.245%, 7d avg −0.060%

Together, before fees−0.205%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.186% cheaper against Backpack than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	30.933	0.0350	pay 0.0044% / 1h	56m 01s	$122K	$268K	5x
Short	Variational Omni VVV	30.857	0.0100	get 0.0050% / 4h	56m 01s	$1.9M	$279K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.245%Rate

Funding earned: −$52.52
Price spread: −0.245% → −0.060%: −$18.57
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.09
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 2 min ago	2.74 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.54 bp	doesn't fit	44.6 bp −$446	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/USDC	−0.0299%	1h	30.791	−0.459%	$378K	$644K	5x	as long as short
01 Exchange VVVUSD	−0.0056%	1h	30.805	−0.413%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	−0.0036%	1h	30.825	−0.348%	$126K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.875	−0.188%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.863	−0.225%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0010%	4h	30.889	−0.142%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.101%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0052%	4h	30.756	−0.572%	$1.3M	$1.6M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.667	−0.860%	$150K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.873	−0.195%	$2.1M	$5.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.885	−0.155%	$456K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.808	−0.404%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.857	−0.247%	$112K	$859K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.904	−0.093%	$70.9M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.839	−0.303%	$248K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.799	−0.433%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.880	−0.171%	$32.8M	$134.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.871	−0.198%	$38.2M	$44.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.870	−0.203%	$4.7M	$35.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.845	−0.284%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.777	−0.504%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.834	−0.319%	$5.7M	$7.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.906	−0.087%	—	$5.1M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	30.857	−0.245%	$1.9M	$279K	—
Derive VVV-PERP	+0.0100%	1h	30.869	−0.207%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.850	−0.268%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	30.858	−0.241%	$77K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.855	−0.252%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.865	−0.220%	$6K	—	3x	as long as short
Phoenix VVV	+0.0153%	1h	30.840	−0.300%	$36K	$253K	5x	as long as short
Kalshi KXVVVPERP	+0.0166%	8h	30.883	−0.161%	$98K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.863	−0.227%	$556K	—	100x	as long as short
Backpack VVV_USDC_PERPlong	+0.0350%	1h	30.933	long leg	$122K	$268K	5x