Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.054%

Price spread now: Variational Omni against Injective−4.874%46s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 4.874% cheaper against Injective than usual: you would sell low and buy high (spread −4.874% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$487 on $10k: about 8 months of funding at the current rate (+$2 a day). The two prices were read 46 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	52m 36s	$2K	$1K	5.5x
Short	Variational Omni VVV	31.220	0.0100	get 0.0050% / 4h	2h 52m	$2.1M	$184K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −4.874%Rate

Funding earned: $14
Price spread: −4.874% → 0.000%: −$487.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$473.42
Costs to cover: 0.000%
Break-even: 243.7 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	4.79 bp	doesn't fit	58.6 bp −$586	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	−0.0017%	1h	31.077	−5.311%	$89K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	30.976	−5.619%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.174	−5.015%	$104K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.104	−5.229%	$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	+0.0039%	1h	31.096	−5.253%	$132K	$1.2M	3x	as long as short
Gate VVV_USDT	+0.0076%	4h	31.029	−5.457%	$10.5M	$7.6M	25x	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	31.044	−5.411%	$380K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.055	−5.379%	$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	31.043	−5.414%	$458K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.055	−5.376%	$143K	$778K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.078	−5.308%	$70.8M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.079	−5.304%	$273K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.074	−5.319%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.059	−5.366%	$32.8M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.036	−5.436%	$38.3M	$51.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.062	−5.356%	$4.6M	$40.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.057	−5.372%	$16.7M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.070	−5.332%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.041	−5.420%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.049	−5.396%	—	$5.4M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.220	−4.874%	$2.1M	$184K	—
Derive VVV-PERP	+0.0100%	1h	31.085	−5.286%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.089	−5.274%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.051	−5.389%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.046	−5.404%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.124	−5.169%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.279	−4.697%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0141%	4h	31.074	−5.320%	$1.3M	$1.7M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0157%	1h	31.075	−5.316%	$117K	$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 +0.0439% / S −0.0204%	1h	31.095	−5.257%	$519K	—	100x	as long as short