Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Injective against OKX+1.547%98s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

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

The price spread pays, funding is against you. Injective is 1.547% dearer against OKX than usual: you sell high and buy low (spread +1.547% now, against zero (this spread has no 7-day history yet)): +$155 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 98 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	OKX VVV-USDT-SWAP	32.320	0.0100	pay 0.0050% / 4h	53m 35s	$4.7M	$42.9M	20x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	53m 35s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +1.547%Rate

Funding earned: −$14
Price spread: +1.547% → 0.000%: $154.7
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $130.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; Injective: 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 OKX live order book, 5 min ago	2.49 bp	15.0 bp −$15	63.9 bp −$639	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Kalshi KXVVVPERP	0.0000%	8h	32.310	−0.031%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.288	−0.099%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.291	−0.091%	$19K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+1.547%	$2K	$1K	5.5x
RISEx VVV/USDC	+0.0040%	1h	32.325	+0.016%	$397K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0058%	1h	32.276	−0.136%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.320	0.000%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.345	+0.079%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.309	−0.034%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.054	−0.823%	$56K	$299K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.293	−0.084%	$125K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.333	+0.040%	$74.8M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.361	+0.126%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.342	+0.069%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.327	+0.022%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.335	+0.046%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	32.320	long leg	$4.7M	$42.9M	20x
Gate VVV_USDT	+0.0100%	4h	32.335	+0.046%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.343	+0.071%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.321	+0.003%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.323	+0.009%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.346	+0.080%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.149	−0.530%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.289	−0.096%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.342	+0.068%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.335	+0.045%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.339	+0.060%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.293	−0.084%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	32.165	−0.479%	$80K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	32.296	−0.074%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0142%	1h	32.352	+0.099%	$122K	$361K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0170%	1h	32.283	−0.113%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.131%	$242K	$1.4M	25x	as long as short