Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: OKX against Deribit−0.008%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 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: +$3 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	31.257	0	get 0.0000% / 1h	58m 22s	$87K	$22K	10x
Short	OKX VVV-USDT-SWAP	31.254	0.0100	get 0.0050% / 4h	1h 58m	$4.9M	$31.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $21
Price spread: −0.008% → 0.000%: −$0.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $3.17
Costs to cover: 0.170%
Break-even: 5.9 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.75 bp	14.2 bp −$14	89.4 bp −$894	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.334	+0.247%	$191K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.270	+0.044%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	31.257	long leg	$87K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.259	+0.007%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.002%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	31.292	+0.113%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.275	+0.060%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.299	+0.136%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.282	+0.081%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.303	+0.150%	$162K	$898K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.301	+0.142%	$70.4M	$48.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.289	+0.103%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.306	+0.158%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.275	+0.059%	$33.8M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.250	−0.020%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.254	−0.008%	$4.9M	$31.0M	20x
Gate VVV_USDT	+0.0100%	4h	31.264	+0.024%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.283	+0.084%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.276	+0.062%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.255	−0.005%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.255	−0.005%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.291	+0.111%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.262	+0.017%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.253	−0.011%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.267	+0.033%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.259	+0.009%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.271	+0.046%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.271	+0.046%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.345	+0.282%	$78K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0126%	8h	31.260	+0.011%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.393	+0.436%	$33K	$231K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0388%	1h	31.302	+0.144%	$149K	$264K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0199%	1h	31.246	−0.034%	$500K	—	100x	as long as short