VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0426%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.038%

Price spread now: RISEx against Backpack−0.147%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.147%, 7d avg −0.085%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and RISEx is 0.063% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.150% in total (about -15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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	30.903	0.0127	pay 0.0016% / 1h	14m 30s	$120K	$249K	5x
Short	RISEx VVV/USDC	30.858	−0.0299	pay 0.0037% / 1h	14m 30s	$378K	$633K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Backpack. 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 BackpackbpFee RISExbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$89.5
Price spread: −0.147% → −0.085%: −$6.25
Slippage, 4 orders: −$29.26
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$141
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Backpack: live order book, 44 min ago; RISEx: live order book, 44 min ago.

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, 44 min ago	2.74 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 44 min ago	2.84 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit

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
RISEx VVV/USDCshort	−0.0299%	1h	30.858	−0.147%	$378K	$633K	5x
Polymarket Perps VVV-USD	−0.0088%	1h	30.847	−0.182%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.877	−0.084%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.887	−0.052%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.203%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.878	−0.082%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0048%	4h	30.888	−0.049%	$1.3M	$1.6M	25x	as long as short
Gate VVV_USDT	+0.0048%	4h	30.876	−0.088%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.108%	$145K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.881	−0.072%	$2.1M	$5.3M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.888	−0.049%	$451K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.874	−0.095%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.881	−0.070%	$142K	$872K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.875	−0.091%	$70.4M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.889	−0.046%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.897	−0.019%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.883	−0.067%	$33.1M	$128.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.872	−0.101%	$38.4M	$43.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.877	−0.085%	$4.8M	$32.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.890	−0.043%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.868	−0.114%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.859	−0.143%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.886	−0.056%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.848	−0.180%	$1.9M	$283K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.879	−0.077%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.882	−0.069%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.873	−0.098%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.888	−0.051%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	30.890	−0.042%	$77K	$334K	10x	as long as short
Backpack VVV_USDC_PERPlong	+0.0127%	1h	30.903	long leg	$120K	$249K	5x
Kalshi KXVVVPERP	+0.0146%	8h	30.884	−0.062%	$103K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.882	−0.069%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.883	−0.067%	$541K	—	100x	as long as short