Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.043%

Price spread now: Derive against BloFin−0.163%55s7-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 Derive

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.163% cheaper against BloFin than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	31.951	0.0097	pay 0.0048% / 4h	3h 14m	$1.3M	$1.8M	25x
Short	Derive VVV-PERP	31.899	0.0100	get 0.0013% / 1h	14m 09s	$3K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.163%Rate

Funding earned: $0.72
Price spread: −0.163% → 0.000%: −$16.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$33.55
Costs to cover: 0.180%
Break-even: 334.6 days

Slippage unknown: BloFin: live order book, 4 min ago; Derive: 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, 4 min ago	7.36 bp	18.6 bp −$19	33.1 bp −$331	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Polymarket Perps VVV-USD	−0.0248%	1h	31.875	−0.238%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0114%	4h	31.889	−0.194%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0095%	4h	31.885	−0.206%	$39.0M	$51.6M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.910	−0.128%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.888	−0.197%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.939	−0.038%	$111K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.896	−0.172%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.924	−0.083%	$19K	—	150x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0007%	1h	31.909	−0.130%	$89K	$24K	10x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.720%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.892	−0.183%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.887	−0.200%	$472K	$1.6M	5x	as long as short
BloFin VVV-USDTlong	+0.0097%	4h	31.951	long leg	$1.3M	$1.8M	25x
Nado VVV-PERP	+0.0100%	1h	31.924	−0.086%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.935	−0.050%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.941	−0.031%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.955	+0.013%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.915	−0.113%	$33.5M	$154.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.871	−0.250%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.907	−0.138%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.942	−0.028%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.929	−0.069%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.899	−0.163%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.942	−0.029%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.900	−0.161%	$2.1M	$190K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.899	−0.163%	$3K	$2K	5x
Phemex VVVUSDT	+0.0100%	4h	31.931	−0.063%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.891	−0.189%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	31.928	−0.071%	$79K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.888	−0.196%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.902	−0.154%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.907	−0.136%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.886	−0.205%	$245K	$1.2M	25x	as long as short