Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.004%

Price spread now: Deribit against Variational Omni−0.275%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.275% cheaper against Variational Omni than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	31.220	0.0100	pay 0.0050% / 4h	2h 51m	$2.1M	$184K	—
Short	Deribit VVV_USDC-PERPETUAL	31.134	0	get 0.0000% / 1h	51m 08s	$89K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.275%Rate

Funding earned: −$21
Price spread: −0.275% → 0.000%: −$27.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.53
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: 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 Variational Omni RFQ quote, 3 min ago	4.79 bp	doesn't fit	127.7 bp −$1,277	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
01 Exchange VVVUSD	−0.0008%	1h	31.083	−0.440%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.116	−0.334%	$104K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.134	−0.275%	$89K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.137	−0.269%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.124%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0051%	1h	31.090	−0.417%	$133K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.242%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.092	−0.411%	$380K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.151	−0.222%	$1.3M	$1.7M	25x	as long as short
Gate VVV_USDT	+0.0088%	4h	31.145	−0.241%	$10.5M	$7.7M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.149	−0.230%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.124	−0.309%	$459K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.091	−0.413%	$143K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.193	−0.088%	$71.1M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.110	−0.352%	$273K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.081	−0.445%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.163	−0.183%	$32.9M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.157	−0.203%	$38.4M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.167	−0.171%	$4.6M	$40.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.140	−0.257%	$16.7M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.108	−0.360%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.138	−0.264%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.151	−0.222%	—	$5.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.220	long leg	$2.1M	$184K	—
Derive VVV-PERP	+0.0100%	1h	31.139	−0.261%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.121	−0.318%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.084	−0.437%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.130	−0.288%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.112	−0.348%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.088	−0.425%	$77K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0150%	1h	31.177	−0.140%	$118K	$380K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.309%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0204%	1h	31.125	−0.307%	$519K	—	100x	as long as short