Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.010%
Price spread now: Injective against Derive+4.962%61s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 4.962% dearer against Derive than usual: you sell high and buy low (spread +4.962% now, against zero (this spread has no 7-day history yet)): +$496 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8 months. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive VVV-PERP | 31.269 | 0.0100 | pay 0.0013% / 1h | 55m 36s | $3K | $3K | 5x |
| Short | Injective VVV/USDC PERP | 32.820 | 0.0033 | get 0.0004% / 1h | 55m 36s | $2K | $1K | 5.5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +4.962% → 0.000%
- $496.17
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $476.15
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Derive and 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 | 31.204 | −0.206% | $189K | $1.3M | 25x | as long as short |
| RISEx VVV/USDC | −0.0085% | 1h | 31.283 | +0.047% | $384K | $648K | 5x | as long as short |
| Deribit VVV_USDC-PERPETUAL | 0.0000% | 1h | 31.270 | +0.003% | $87K | $22K | 10x | as long as short |
| gTrade (Gains Network) VVV/USD | L +0.0004% / S −0.0002% | 1h | 31.278 | +0.030% | $22K | — | 150x | as long as short |
| 01 Exchange VVVUSD | +0.0016% | 1h | 31.297 | +0.091% | $11K | $3K | 3x | as long as short |
| Injective VVV/USDC PERPshort | +0.0033% | 1h | 32.820 | +4.962% | $2K | $1K | 5.5x | |
| BloFin VVV-USDT | +0.0056% | 4h | 31.235 | −0.107% | $1.3M | $1.5M | 25x | as long as short |
| Lighter VVV | +0.0096% | 1h | 31.276 | +0.023% | $2.0M | $4.5M | 5x | as long as short |
| Lighter RH VVV | +0.0096% | 1h | 31.300 | +0.101% | $459K | $1.6M | 5x | as long as short |
| Paradex VVV-USD-PERP | +0.0100% | 8h | 31.302 | +0.106% | $3K | $73 | 5x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado VVV-PERP | +0.0100% | 1h | 31.190 | −0.250% | $162K | $897K | 3x | as long as short |
| Hyperliquid VVV | +0.0100% | 1h | 31.332 | +0.203% | $70.5M | $48.0M | 3x | as long as short |
| Aster VVVUSDT | +0.0100% | 4h | 31.304 | +0.113% | $249K | $1.0M | 10x | as long as short |
| Pacifica VVV | +0.0100% | 1h | 31.305 | +0.117% | $185K | $128K | 10x | as long as short |
| Binance VVVUSDT | +0.0100% | 4h | 31.308 | +0.126% | $33.8M | $121.3M | 25x | as long as short |
| Bybit VVVUSDT | +0.0100% | 4h | 31.284 | +0.049% | $38.5M | $41.5M | 20x | as long as short |
| OKX VVV-USDT-SWAP | +0.0100% | 4h | 31.292 | +0.075% | $4.9M | $31.0M | 20x | as long as short |
| Gate VVV_USDT | +0.0100% | 4h | 31.294 | +0.081% | $11.1M | $5.4M | 25x | as long as short |
| MEXC VVV_USDT | +0.0100% | 4h | 31.311 | +0.136% | $6.6M | $5.6M | 50x | as long as short |
| KuCoin VVVUSDTM | +0.0100% | 4h | 31.288 | +0.062% | $1.8M | $2.8M | 20x | as long as short |
| Bitget VVVUSDT | +0.0100% | 4h | 31.293 | +0.078% | $5.8M | $7.1M | 20x | as long as short |
| BingX VVV-USDT | +0.0100% | 4h | 31.297 | +0.091% | — | $4.9M | — | as long as short |
| Variational Omni VVV | +0.0100% | 4h | 31.158 | −0.353% | $1.9M | $355K | — | as long as short |
| Polymarket Perps VVV-USD | +0.0100% | 1h | 31.175 | −0.299% | $121K | $1.4M | 3x | as long as short |
| Derive VVV-PERPlong | +0.0100% | 1h | 31.269 | long leg | $3K | $3K | 5x | |
| Phemex VVVUSDT | +0.0100% | 4h | 31.261 | −0.024% | $2.0M | $2.1M | 50x | as long as short |
| Extended VVV-USD | +0.0104% | 1h | 31.296 | +0.089% | $298K | $2.2M | 5x | as long as short |
| Aevo VVV-PERP | +0.0104% | 1h | 31.235 | −0.107% | $6K | — | 3x | as long as short |
| edgeX VVVUSDC | +0.0116% | 4h | 31.281 | +0.039% | $78K | $331K | 10x | as long as short |
| Kalshi KXVVVPERP | +0.0118% | 8h | 31.222 | −0.149% | $96K | $5.5M | 1.7x | as long as short |
| Phoenix VVV | +0.0209% | 1h | 31.283 | +0.046% | $33K | $232K | 5x | as long as short |
| GMX VVV/USD [ETH-USDC] | L +0.0425% / S −0.0199% | 1h | 31.185 | −0.268% | $499K | — | 100x | as long as short |
| Backpack VVV_USDC_PERP | +0.0484% | 1h | 31.320 | +0.166% | $149K | $264K | 5x | as long as short |
Derive VVV-PERP
Injective VVV/USDC PERP
Coinbase International VVV-PERP-INTX
RISEx VVV/USDC
Deribit VVV_USDC-PERPETUAL
gTrade (Gains Network) VVV/USD
01 Exchange VVVUSD
BloFin VVV-USDT
Lighter VVV
Lighter RH VVV
Paradex VVV-USD-PERP
Hyperliquid VVV
Aster VVVUSDT
Pacifica VVV
Binance VVVUSDT
Bybit VVVUSDT
OKX VVV-USDT-SWAP
Gate VVV_USDT
MEXC VVV_USDT
KuCoin VVVUSDTM
Bitget VVVUSDT
BingX VVV-USDT
Variational Omni VVV
Polymarket Perps VVV-USD
Phemex VVVUSDT
Extended VVV-USD
edgeX VVVUSDC
Kalshi KXVVVPERP
Phoenix VVV
GMX VVV/USD [ETH-USDC]
Backpack VVV_USDC_PERP