VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.054%

Price spread now: Derive against Injective−4.911%61s7-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 Derive

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. Derive is 4.911% cheaper against Injective than usual: you would sell low and buy high (spread −4.911% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$491 on $10k: about 8 months of funding at the current rate (+$2 a day). The two prices were read 61 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	50m 17s	$2K	$1K	5.5x
Short	Derive VVV-PERP	31.208	0.0100	get 0.0013% / 1h	50m 17s	$1K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −4.911%Rate

Funding earned: $14
Price spread: −4.911% → 0.000%: −$491.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Derive: 3 bp × 2 orders: −$6
Net: −$483.08
Costs to cover: 0.060%
Break-even: 248.5 days

Slippage unknown: Injective: no order-book sample; Derive: no order-book sample. 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 Derive no order-book sample	—	—	—	—	—

Injective and 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
01 Exchange VVVUSD	−0.0024%	1h	31.205	−4.921%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.210	−4.906%	$105K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.208	−4.912%	$89K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.209	−4.909%	$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	+0.0069%	1h	31.200	−4.936%	$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	31.205	−4.921%	$381K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.151	−5.085%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.211	−4.902%	$2.1M	$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	31.199	−4.939%	$460K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.196	−4.947%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.260	−4.753%	$71.2M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.188	−4.972%	$274K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.203	−4.927%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.216	−4.887%	$33.0M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.201	−4.933%	$38.5M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.205	−4.921%	$4.6M	$40.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.195	−4.951%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.211	−4.902%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.185	−4.982%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.200	−4.936%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.211	−4.902%	—	$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-PERPshort	+0.0100%	1h	31.208	−4.911%	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	31.207	−4.915%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.224	−4.863%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.214	−4.893%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.200	−4.937%	$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	+0.0150%	1h	31.177	−5.007%	$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	31.207	−4.914%	$521K	—	100x	as long as short