Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.049%

Price spread now: OKX against Injective−0.561%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 OKX

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. OKX is 0.561% cheaper against Injective than usual: you would sell low and buy high (spread −0.561% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 28 days of funding at the current rate (+$2 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	35m 19s	$2K	$1K	5.5x
Short	OKX VVV-USDT-SWAP	32.636	0.0100	get 0.0050% / 4h	1h 35m	$4.8M	$43.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.561%Rate

Funding earned: $14
Price spread: −0.561% → 0.000%: −$56.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.08
Costs to cover: 0.100%
Break-even: 33.0 days

Slippage unknown: Injective: no order-book sample; OKX: 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 OKX live order book, 3 min ago	1.07 bp	14.1 bp −$14	58.2 bp −$582	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
Deribit VVV_USDC-PERPETUAL	−0.0121%	1h	32.573	−0.753%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.599	−0.673%	$106K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.644	−0.535%	$19K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	32.597	−0.678%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.580	−0.731%	$485K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.535	−0.868%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.645	−0.532%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.625	−0.594%	$273K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.590	−0.700%	$187K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.642	−0.542%	$34.3M	$156.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.625	−0.594%	$40.2M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	32.636	−0.561%	$4.8M	$43.1M	20x
Gate VVV_USDT	+0.0100%	4h	32.634	−0.567%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.645	−0.533%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.582	−0.725%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.628	−0.585%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.663	−0.478%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.549	−0.826%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.645	−0.533%	$132K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.635	−0.565%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.564	−0.780%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.583	−0.722%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.591	−0.697%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.611	−0.636%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	32.573	−0.753%	$81K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	32.608	−0.646%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.645	−0.533%	$202K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.642	−0.541%	$401K	$596K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0189% / S +0.0165%	1h	32.636	−0.560%	$628K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0287%	1h	32.593	−0.692%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0488%	1h	32.680	−0.427%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0651%	1h	32.704	−0.353%	$76.4M	$55.5M	3x	as long as short