VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.125%

Price spread now: Backpack against Deribit+0.001%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.778%+$78 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	31.972	0.0038	pay 0.0005% / 1h	43m 33s	$91K	$23K	10x
Short	Backpack VVV_USDC_PERP	31.972	0.0104	get 0.0013% / 1h	43m 33s	$124K	$336K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now +0.001%Rate

Funding earned: $13.87
Price spread: +0.001% → 0.000%: $0.13
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$3.01
Costs to cover: 0.170%
Break-even: 8.5 days

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 30 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 30 min ago	3.50 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit

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
Polymarket Perps VVV-USD	−0.0301%	1h	31.941	−0.096%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	32.009	+0.116%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.034	+0.194%	$394K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.016	+0.138%	$107K	$6.7M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.161	+0.592%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.976	+0.012%	$19K	—	150x	as long as short
Gate VVV_USDT	+0.0016%	4h	31.991	+0.060%	$10.7M	$7.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.653%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUALlong	+0.0038%	1h	31.972	long leg	$91K	$23K	10x
BloFin VVV-USDT	+0.0062%	4h	32.002	+0.094%	$1.3M	$1.8M	25x	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	32.002	+0.095%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.003	+0.098%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.053	+0.256%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.042	+0.220%	$74.2M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.048	+0.237%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.038	+0.208%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.056	+0.263%	$33.7M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.038	+0.207%	$39.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.055	+0.260%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.019	+0.148%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.036	+0.201%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.004	+0.101%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.027	+0.173%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.110	+0.431%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.954	−0.054%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.996	+0.076%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.994	+0.069%	$3K	$106	5x	as long as short
Backpack VVV_USDC_PERPshort	+0.0104%	1h	31.972	+0.001%	$124K	$336K	5x
Extended VVV-USD	+0.0104%	1h	32.012	+0.127%	$301K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.992	+0.063%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	32.009	+0.117%	$80K	$335K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.960	−0.036%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	−0.058%	$240K	$1.3M	25x	as long as short