Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.042%

Price spread now: Injective against BloFin+4.147%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 4.147% dearer against BloFin than usual: you sell high and buy low (spread +4.147% now, against zero (this spread has no 7-day history yet)): +$415 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	31.513	0.0098	pay 0.0049% / 4h	1h 29m	$1.4M	$1.5M	25x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	29m 32s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +4.147%Rate

Funding earned: −$13.62
Price spread: +4.147% → 0.000%: $414.75
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $389.11
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 min ago; Injective: 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 BloFin live order book, 3 min ago	0.16 bp	12.4 bp −$12	29.5 bp −$295	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.507	−0.019%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.453	−0.191%	$386K	$644K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.454	−0.187%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.506	−0.022%	$86K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.491	−0.070%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.518	+0.015%	$23K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+4.147%	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.477	−0.113%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.489	−0.076%	$463K	$1.6M	5x	as long as short
BloFin VVV-USDTlong	+0.0098%	4h	31.513	long leg	$1.4M	$1.5M	25x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.488	−0.078%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.483	−0.097%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.489	−0.076%	$70.8M	$47.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.519	+0.020%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.517	+0.013%	$186K	$127K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.494	−0.060%	$33.9M	$120.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.456	−0.179%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.446	−0.213%	$4.9M	$30.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.483	−0.095%	$11.3M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.509	−0.013%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.506	−0.022%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.478	−0.111%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.490	−0.073%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	−0.032%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.452	−0.194%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.492%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.500	−0.041%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	31.511	−0.008%	$78K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.493	−0.064%	$301K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.493	−0.063%	$6K	—	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.520	+0.022%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0430% / S −0.0202%	1h	31.523	+0.033%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0480%	1h	31.521	+0.027%	$151K	$267K	5x	as long as short