Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.004%

Price spread now: Variational Omni against Deribit−0.562%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.562% cheaper against Deribit than usual: you would sell low and buy high (spread −0.562% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 19 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	31.270	0	get 0.0000% / 1h	48m 39s	$90K	$22K	10x
Short	Variational Omni VVV	31.095	0.0100	get 0.0050% / 4h	2h 48m	$2.0M	$184K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.562%Rate

Funding earned: $21
Price spread: −0.562% → 0.000%: −$56.17
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.17
Costs to cover: 0.070%
Break-even: 21.1 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, just now. 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 Variational Omni RFQ quote, just now	3.19 bp	doesn't fit	65.3 bp −$653	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
01 Exchange VVVUSD	−0.0024%	1h	31.247	−0.075%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.225	−0.145%	$105K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	31.270	long leg	$90K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.270	0.000%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.956%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0056%	1h	31.239	−0.100%	$133K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.082%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.256	−0.047%	$382K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0079%	4h	31.286	+0.050%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.300	+0.094%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.276	+0.018%	$461K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.248	−0.070%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.318	+0.153%	$71.4M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.269	−0.004%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.304	+0.108%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.298	+0.089%	$33.1M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.289	+0.060%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.302	+0.101%	$4.7M	$40.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.265	−0.017%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.291	+0.066%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.258	−0.039%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.282	+0.037%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.293	+0.073%	—	$5.4M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.095	−0.562%	$2.0M	$184K	—
Derive VVV-PERP	+0.0100%	1h	31.267	−0.012%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.260	−0.033%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.259	−0.037%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.281	+0.034%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.256	−0.046%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.088	−0.584%	$77K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0187%	1h	31.312	+0.132%	$118K	$380K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.468%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.261	−0.031%	$522K	—	100x	as long as short