VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0175%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h −0.010%

Price spread now: Backpack against 01 Exchange+0.090%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Backpack

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—needs both histories

The price spread pays, funding is against you. Backpack is 0.090% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange VVVUSD	32.531	0.0616	pay 0.0077% / 1h	56m 31s	$12K	$3K	3x
Short	Backpack VVV_USDC_PERP	32.560	0.0441	get 0.0055% / 1h	56m 31s	$125K	$377K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$36.74
Price spread: +0.090% → 0.000%: $8.98
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$44.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 27 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 27 min ago	3.23 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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	32.549	+0.055%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.522	−0.029%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.523	−0.026%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.888%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.498	−0.101%	$57K	$291K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.515	−0.049%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.520	−0.034%	$486K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.494	−0.114%	$150K	$781K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.521	−0.030%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.514	−0.052%	$193K	$176K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.509	−0.067%	$34.3M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.484	−0.144%	$40.0M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.521	−0.031%	$4.8M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.495	−0.111%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.520	−0.034%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.513	−0.055%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.508	−0.071%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.490	−0.126%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.611	+0.246%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.492	−0.120%	$151K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.525	−0.018%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.517	−0.043%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.507	−0.075%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.486	−0.139%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.523	−0.024%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.521	−0.031%	$1.4M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.506	−0.078%	$81K	$330K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.490	−0.126%	$200K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.490	−0.127%	$404K	$582K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0097%	1h	32.520	−0.035%	$567K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0441%	1h	32.560	+0.090%	$125K	$377K	5x
01 Exchange VVVUSDlong	+0.0616%	1h	32.531	long leg	$12K	$3K	3x
Hyperliquid VVV	+0.0767%	1h	32.564	+0.101%	$75.4M	$55.3M	3x	as long as short