Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.049%

Price spread now: Bitget against Injective−2.809%71s7-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 Bitget

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. Bitget is 2.809% cheaper against Injective than usual: you would sell low and buy high (spread −2.809% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$281 on $10k: about 5 months of funding at the current rate (+$2 a day). The two prices were read 71 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	10m 07s	$2K	$1K	5.5x
Short	Bitget VVVUSDT	31.898	0.0100	get 0.0050% / 4h	10m 07s	$5.8M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −2.809%Rate

Funding earned: $14
Price spread: −2.809% → 0.000%: −$280.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$278.95
Costs to cover: 0.120%
Break-even: 146.5 days

Slippage unknown: Injective: no order-book sample; Bitget: 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 Bitget live order book, 3 min ago	4.09 bp	18.4 bp −$18	54.8 bp −$548	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	−0.0018%	1h	31.898	−2.809%	$146K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.906	−2.785%	$103K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.922	−2.735%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.923	−2.733%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.909	−2.776%	$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	31.913	−2.764%	$392K	$601K	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	31.908	−2.780%	$2.2M	$6.0M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.890	−2.834%	$475K	$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	31.912	−2.768%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.927	−2.721%	$74.1M	$55.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.911	−2.770%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.896	−2.816%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.904	−2.792%	$33.4M	$156.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.893	−2.824%	$39.2M	$51.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.899	−2.806%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.905	−2.788%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.917	−2.751%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.887	−2.843%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	31.898	−2.809%	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	31.915	−2.757%	—	$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	31.914	−2.760%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.909	−2.776%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.898	−2.808%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.900	−2.802%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.908	−2.778%	$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_PERP	+0.0130%	1h	31.944	−2.668%	$124K	$354K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0119%	1h	31.905	−2.787%	$577K	—	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