Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.024%

Price spread now: Binance against Injective−4.651%57s7-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 Binance

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. Binance is 4.651% cheaper against Injective than usual: you would sell low and buy high (spread −4.651% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$465 on $10k: about 8 months of funding at the current rate (+$2 a day). 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	48m 26s	$2K	$1K	5.5x
Short	Binance VVVUSDT	31.294	0.0100	get 0.0050% / 4h	2h 48m	$33.1M	$154.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −4.651%Rate

Funding earned: $14
Price spread: −4.651% → 0.000%: −$465.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$461.08
Costs to cover: 0.100%
Break-even: 237.5 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	0.16 bp	13.3 bp −$13	42.8 bp −$428	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
01 Exchange VVVUSD	−0.0032%	1h	31.281	−4.689%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.225	−4.860%	$105K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.270	−4.722%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.288	−4.669%	$18K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Polymarket Perps VVV-USD	+0.0066%	1h	31.270	−4.723%	$133K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	−4.644%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.288	−4.669%	$383K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0079%	4h	31.286	−4.674%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.300	−4.633%	$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	−4.704%	$461K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.290	−4.662%	$145K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.320	−4.570%	$71.4M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.281	−4.689%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.304	−4.619%	$186K	$176K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.294	−4.651%	$33.1M	$154.3M	25x
Bybit VVVUSDT	+0.0100%	4h	31.283	−4.683%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.295	−4.647%	$4.7M	$40.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.280	−4.692%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.288	−4.668%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.278	−4.698%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.281	−4.689%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.295	−4.647%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.095	−5.257%	$2.0M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.299	−4.635%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.260	−4.753%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.312	−4.594%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.305	−4.615%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.273	−4.713%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.088	−5.278%	$77K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0187%	1h	31.312	−4.596%	$118K	$380K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−5.168%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.289	−4.664%	$522K	—	100x	as long as short