Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Derive against Variational Omni+0.667%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Derive

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.667% dearer against Variational Omni than usual: you sell high and buy low, +$67 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	32.022	0.0100	pay 0.0050% / 4h	2h 14m	$2.1M	$180K	—
Short	Derive VVV-PERP	32.235	0.0100	get 0.0013% / 1h	14m 28s	$1K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.667%Rate

Funding earned: $0
Price spread: +0.667% → 0.000%: $66.73
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: $60.73
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Derive: 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, 5 min ago	3.82 bp	doesn't fit	32.3 bp −$323	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	32.160	+0.432%	$121K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.164	+0.445%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.247	+0.704%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.493%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.025	+0.011%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.148	+0.395%	$397K	$574K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.158	+0.425%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.134	+0.351%	$480K	$1.6M	5x	as long as short
01 Exchange VVVUSD	+0.0096%	1h	32.171	+0.467%	$11K	$3K	3x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.160	+0.432%	$149K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.188	+0.520%	$74.5M	$55.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.176	+0.483%	$278K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.156	+0.420%	$191K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.234	+0.662%	$34.0M	$155.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.247	+0.704%	$39.8M	$52.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.268	+0.770%	$4.8M	$42.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.251	+0.717%	$10.9M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.251	+0.717%	$17.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.141	+0.373%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.240	+0.682%	$5.8M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.231	+0.654%	—	$5.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	32.022	long leg	$2.1M	$180K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.119	+0.304%	$144K	$1.2M	3x	as long as short
Derive VVV-PERPshort	+0.0100%	1h	32.235	+0.667%	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	32.128	+0.332%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.139	+0.368%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.014	−0.024%	$80K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.152	+0.407%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.232	+0.658%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	32.163	+0.442%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.241	+0.685%	$561K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.056	+0.108%	$212K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0276%	1h	32.179	+0.492%	$122K	$380K	5x	as long as short