Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.032%

Price spread now: BloFin against Derive+0.244%55s7-day average — · you sell dearer than you buy

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

Long on Derive Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.244% dearer against Derive than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. 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	Derive VVV-PERP	30.559	0.0100	pay 0.0013% / 1h	37m 50s	$3K	$3K	5x
Short	BloFin VVV-USDT	30.633	0.0044	get 0.0022% / 4h	2h 37m	$1.3M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Derive. 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 DerivebpFee BloFinbpOrdersPrice spread, now +0.244%Rate

Funding earned: −$11.77
Price spread: +0.244% → 0.000%: $24.37
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.4
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; BloFin: 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 Derive no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	2.12 bp	14.5 bp −$15	34.9 bp −$349	doesn't fit	doesn't fit

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
RISEx VVV/USDC	−0.0329%	1h	30.523	−0.115%	$379K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	+0.233%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.575	+0.055%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.567	+0.028%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.400%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDTshort	+0.0044%	4h	30.633	+0.244%	$1.3M	$1.5M	25x
Polymarket Perps VVV-USD	+0.0059%	1h	30.545	−0.044%	$117K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.543	−0.051%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.567	+0.027%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.571	+0.041%	$445K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.550	−0.028%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.549	−0.030%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.569	+0.034%	$68.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.560	+0.006%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.587	+0.092%	$180K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.556	−0.008%	$32.9M	$122.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.528	−0.100%	$37.8M	$41.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.548	−0.034%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.526	−0.106%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.563	+0.015%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.572	+0.044%	$1.8M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.549	−0.031%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.567	+0.028%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.591	+0.107%	$1.9M	$350K	—	as long as short
Derive VVV-PERPlong	+0.0100%	1h	30.559	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	30.577	+0.060%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.543	−0.051%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.563	+0.014%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	30.663	+0.341%	$76K	$331K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.638	+0.260%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0210%	8h	30.591	+0.106%	$94K	$5.4M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0398%	1h	30.587	+0.094%	$120K	$239K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.558	−0.002%	$533K	—	100x	as long as short