Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.013%

Price spread now: Paradex against Injective−6.175%99s7-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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 6.175% cheaper against Injective than usual: you would sell low and buy high (spread −6.175% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$617 on $10k: about 10 months of funding at the current rate (+$2 a day). The two prices were read 99 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	55m 39s	$2K	$1K	5.5x
Short	Paradex VVV-USD-PERP	30.793	0.0100	get 0.0100% / 8h	3h 55m	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −6.175%Rate

Funding earned: $13.99
Price spread: −6.175% → 0.000%: −$617.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$607.53
Costs to cover: 0.040%
Break-even: 311.0 days

Slippage unknown: Injective: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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
RISEx VVV/USDC	−0.0417%	1h	30.700	−6.461%	$377K	$640K	5x	as long as short
Polymarket Perps VVV-USD	−0.0243%	1h	30.704	−6.447%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	−6.056%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.761	−6.274%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.752	−6.300%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.751	−6.305%	$23K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
BloFin VVV-USDT	+0.0069%	4h	30.767	−6.255%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.825	−6.079%	$2.1M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.799	−6.158%	$450K	$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
01 Exchange VVVUSD	+0.0096%	1h	30.727	−6.377%	$11K	$3K	3x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	30.793	−6.175%	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	30.719	−6.400%	$141K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.786	−6.197%	$70.2M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.792	−6.180%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.824	−6.082%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.829	−6.067%	$33.0M	$127.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.830	−6.064%	$38.3M	$42.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.841	−6.030%	$4.8M	$32.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.783	−6.207%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.823	−6.085%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.752	−6.301%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.773	−6.237%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.798	−6.161%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.745	−6.324%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.744	−6.326%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.764	−6.264%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.771	−6.242%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.748	−6.312%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	30.877	−5.919%	$77K	$332K	10x	as long as short
Phoenix VVV	+0.0182%	1h	30.844	−6.021%	$32K	$257K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0199%	1h	30.783	−6.205%	$122K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.729	−6.372%	$538K	—	100x	as long as short