Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: Paradex against Deribit−0.077%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.077% cheaper against Deribit than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	31.534	0	get 0.0000% / 1h	15m 42s	$88K	$24K	10x
Short	Paradex VVV-USD-PERP	31.509	0.0100	get 0.0100% / 8h	6h 15m	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.077%Rate

Funding earned: $20.98
Price spread: −0.077% → 0.000%: −$7.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.32
Costs to cover: 0.110%
Break-even: 6.2 days

Slippage unknown: Deribit: no order-book sample; Paradex: 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 Deribit no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Deribit and Paradex: 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 32 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/USDC	−0.0111%	1h	31.500	−0.108%	$387K	$638K	5x	as long as short
Gate VVV_USDT	−0.0038%	4h	31.493	−0.129%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0012%	1h	31.543	+0.030%	$135K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.777	+0.772%	$45K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	31.534	long leg	$88K	$24K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.555	+0.068%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.079%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.516	−0.055%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.505	−0.091%	$465K	$1.5M	5x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.509	−0.077%	$3K	$73	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.582	+0.153%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.542	+0.027%	$72.7M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.551	+0.056%	$255K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.543	+0.029%	$188K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.526	−0.024%	$33.5M	$148.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.519	−0.046%	$38.6M	$50.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.535	+0.004%	$4.7M	$39.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.523	−0.034%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.550	+0.052%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.497	−0.116%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.532	−0.005%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.525	−0.027%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.531	−0.008%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.597	+0.201%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.511	−0.070%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.557	+0.073%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	31.574	+0.128%	$114K	$6.4M	1.7x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.761	+0.722%	$79K	$336K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.571	+0.119%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.532	−0.007%	$570K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.528	−0.019%	$231K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0285%	1h	31.548	+0.044%	$122K	$316K	5x	as long as short