VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.067%

Price spread now: Backpack against Injective−2.955%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Backpack

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

Funding pays, the price is against you. Backpack is 2.955% cheaper against Injective than usual: you would sell low and buy high (spread −2.955% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$295 on $10k: about 4 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	10m 47s	$2K	$1K	5.5x
Short	Backpack VVV_USDC_PERP	31.850	0.0127	get 0.0016% / 1h	10m 47s	$123K	$353K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now −2.955%Rate

Funding earned: $19.59
Price spread: −2.955% → 0.000%: −$295.49
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$285.92
Costs to cover: 0.100%
Break-even: 109.2 days

Slippage unknown: Injective: no order-book sample; Backpack: 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	3.50 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0017%	1h	31.828	−3.023%	$145K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.886	−2.846%	$103K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.838	−2.991%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.843	−2.978%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.821	−3.044%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
RISEx VVV/USDC	+0.0040%	1h	31.827	−3.027%	$391K	$600K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.834	−3.004%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.828	−3.021%	$2.2M	$6.0M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.809	−3.080%	$473K	$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
Nado VVV-PERP	+0.0100%	1h	31.836	−2.998%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.881	−2.861%	$74.0M	$55.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.852	−2.950%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.859	−2.928%	$190K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.866	−2.907%	$33.4M	$156.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.863	−2.917%	$39.1M	$51.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.867	−2.904%	$4.6M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.846	−2.968%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.849	−2.959%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.832	−3.010%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.850	−2.956%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.870	−2.895%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.830	−3.015%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.842	−2.980%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.857	−2.934%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.846	−2.967%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.844	−2.973%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.837	−2.995%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.777	−3.178%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.787	−3.147%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERPshort	+0.0127%	1h	31.850	−2.955%	$123K	$353K	5x
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0119%	1h	31.852	−2.949%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−1.652%	$242K	$1.3M	25x	as long as short