VVV

Alert

Funding spread now, next payment 18:00 UTC−0.0470%/8h

next payment, per $10,000−$0.59paid, last 24h−0.057%paid, last 7 days−0.309%to open and close $10k−$70

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.309% in total (about -16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	31.869	0.0777	pay 0.0097% / 1h	42m 17s	$145K	$375K	5x
Short	Phoenix VVV	31.994	0.0308	get 0.0038% / 1h	42m 17s	$56K	$277K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee PhoenixbpOrdersRate

Funding earned: −$98.62
Slippage, 4 orders: −$52.53
Fee Backpack: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$168.14
Break-even: never at this rate

Slippage from Backpack: live order book, 58 min ago; Phoenix: live order book, 55 min ago.

Price risk

price view

Price gap now: +0.391%
Avg gap 7d: −0.049%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 58 min ago	2.82 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 55 min ago	2.93 bp	19.8 bp −$20	57.8 bp −$578	doesn't fit	doesn't fit

VVV on 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXVVVPERP	0.0000%	8h	$130K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	$91K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0089%	4h	$1.4M	$1.6M	25x	as long as short
Lighter RH VVV	+0.0096%	1h	$479K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	$148K	$785K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	$282K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	$182K	$167K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	$34.4M	$150.0M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	$39.7M	$50.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	$4.9M	$40.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	$16.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	$2.3M	$2.4M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	$5.9M	$8.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	$2.1M	$184K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	$136K	$889K	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	$424	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	$307K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	$79K	$329K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0200%	1h	$222K	$1.1M	25x	as long as short
Lighter VVV	+0.0240%	1h	$2.2M	$5.4M	5x	as long as short
RISEx VVV/USDC	+0.0256%	1h	$402K	$588K	5x	as long as short
Phoenix VVVshort	+0.0308%	1h	$56K	$277K	5x
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0202%	1h	$527K	—	100x	as long as short
01 Exchange VVVUSD	+0.0504%	1h	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERPlong	+0.0777%	1h	$145K	$375K	5x
Hyperliquid VVV	+0.1016%	1h	$73.8M	$52.1M	3x	as long as short