Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.030%

Price spread now: Deribit against BloFin−0.161%57s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

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 −$2 a day on $10k at the current rate, and Deribit is 0.161% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	31.745	0.0073	pay 0.0037% / 4h	3h 16m	$1.3M	$1.4M	25x
Short	Deribit VVV_USDC-PERPETUAL	31.694	0	get 0.0000% / 1h	16m 09s	$88K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$15.41
Price spread: −0.161% → 0.000%: −$16.1
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 min ago; Deribit: 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 BloFin live order book, 1 min ago	0.16 bp	14.3 bp −$14	36.8 bp −$368	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
RISEx VVV/USDC	−0.0349%	1h	31.744	−0.002%	$392K	$691K	5x	as long as short
Gate VVV_USDT	−0.0054%	4h	31.674	−0.224%	$12.1M	$5.0M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.720	−0.079%	$109K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.694	−0.161%	$88K	$20K	10x
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	−1.293%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.704	−0.129%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.386%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDTlong	+0.0073%	4h	31.745	long leg	$1.3M	$1.4M	25x
Lighter VVV	+0.0096%	1h	31.690	−0.175%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.689	−0.176%	$467K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.635	−0.345%	$3K	$29	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.691	−0.172%	$189K	$1.0M	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.717	−0.089%	$71.1M	$43.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.688	−0.180%	$249K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.693	−0.163%	$186K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.699	−0.145%	$33.9M	$104.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.674	−0.225%	$38.5M	$38.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.680	−0.205%	$4.8M	$25.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.704	−0.129%	$7.3M	$5.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.690	−0.173%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.681	−0.202%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.681	−0.202%	—	$4.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.472	−0.860%	$2.0M	$346K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.654	−0.287%	$131K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.083	−2.085%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.680	−0.205%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	31.652	−0.292%	$79K	$325K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.707	−0.121%	$295K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.714	−0.098%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.510	−0.740%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0272%	1h	31.695	−0.158%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0446% / S −0.0219%	1h	31.703	−0.132%	$510K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0758%	1h	31.722	−0.073%	$168K	$268K	5x	as long as short