Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.024%

Price spread now: MEXC against Injective−2.721%55s7-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 MEXC

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. MEXC is 2.721% cheaper against Injective than usual: you would sell low and buy high (spread −2.721% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$272 on $10k: about 5 months of funding at the current rate (+$2 a day). 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	12m 15s	$2K	$1K	5.5x
Short	MEXC VVV_USDT	31.927	0.0100	get 0.0050% / 4h	3h 12m	$6.4M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −2.721%Rate

Funding earned: $14
Price spread: −2.721% → 0.000%: −$272.09
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$258.11
Costs to cover: 0.000%
Break-even: 136.1 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, just now. 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 MEXC live order book, just now	0.63 bp	9.2 bp −$9	63.8 bp −$638	238.4 bp −$23.8K	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	−0.0243%	1h	31.896	−2.815%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0120%	4h	31.886	−2.846%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0022%	4h	31.900	−2.803%	$39.0M	$51.6M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.921	−2.739%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.905	−2.789%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.962	−2.614%	$112K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−2.904%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.904	−2.791%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.911	−2.769%	$19K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0087%	4h	31.870	−2.895%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.910	−2.774%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.889	−2.837%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.908	−2.777%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.931	−2.709%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.905	−2.787%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.929	−2.715%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.915	−2.757%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.917	−2.751%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.927	−2.721%	$6.4M	$7.0M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.916	−2.754%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.902	−2.797%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.907	−2.782%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	−2.751%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.900	−2.805%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.913	−2.765%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.921	−2.739%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.904	−2.791%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.936	−2.692%	$79K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.908	−2.778%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.900	−2.804%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.908	−2.780%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.903	−2.795%	$245K	$1.2M	25x	as long as short