Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.047%

Price spread now: BloFin against Deribit+0.039%57s7-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 BloFin

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.039% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Deribit VVV_USDC-PERPETUAL	32.199	0	get 0.0000% / 1h	9m 31s	$91K	$23K	10x
Short	BloFin VVV-USDT	32.211	0.0102	get 0.0051% / 4h	1h 09m	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $21.41
Price spread: +0.039% → 0.000%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $6.3
Costs to cover: 0.190%
Break-even: 4.9 days

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 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 Deribit no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.16 bp	14.4 bp −$14	31.8 bp −$318	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
Kalshi KXVVVPERP	0.0000%	8h	32.188	−0.033%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	32.199	long leg	$91K	$23K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.197	−0.004%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.930%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.198	−0.002%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.181	−0.054%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.317	+0.368%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.182	−0.050%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.190	−0.025%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.190	−0.026%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.199	0.000%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.185	−0.040%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.200	+0.005%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.174	−0.076%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.193	−0.017%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.210	+0.036%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.191	−0.023%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.183	−0.048%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.037%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.182	−0.051%	$141K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.195	−0.010%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.192	−0.020%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.191	−0.023%	$3K	$106	5x	as long as short
BloFin VVV-USDTshort	+0.0102%	4h	32.211	+0.039%	$1.3M	$1.8M	25x
Extended VVV-USD	+0.0104%	1h	32.178	−0.064%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.192	−0.020%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.198	−0.002%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.193	−0.016%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.189	−0.029%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.191	−0.023%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0218%	1h	32.227	+0.089%	$122K	$368K	5x	as long as short
Hyperliquid VVV	+0.0254%	1h	32.206	+0.023%	$74.7M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	32.199	+0.002%	$12K	$3K	3x	as long as short