Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Derive−0.850%46s7-day average — · you buy dearer than you sell

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

Long on Derive Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.850% cheaper against Derive than usual: you would sell low and buy high, −$85 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	32.296	0.0100	pay 0.0013% / 1h	11m 42s	$1K	$1K	5x
Short	Variational Omni VVV	32.022	0.0100	get 0.0050% / 4h	2h 11m	$2.1M	$180K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Derive. 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 DerivebpFee Variational OmnibpOrdersPrice spread, now −0.850%Rate

Funding earned: $0
Price spread: −0.850% → 0.000%: −$85
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$91
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Variational Omni: RFQ quote, 2 min ago. 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 Variational Omni RFQ quote, 2 min ago	3.80 bp	doesn't fit	67.8 bp −$678	doesn't fit	doesn't fit

Derive: 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
Kalshi KXVVVPERP	0.0000%	8h	32.256	−0.124%	$114K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.314	+0.056%	$93K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.280	−0.049%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.622%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0072%	4h	32.272	−0.075%	$1.3M	$1.7M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.267	−0.090%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.355	+0.184%	$412K	$581K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.340	+0.138%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.344	+0.148%	$483K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.264	−0.098%	$149K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.329	+0.102%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.346	+0.155%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.357	+0.189%	$34.1M	$155.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.340	+0.137%	$39.9M	$52.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.372	+0.235%	$4.8M	$42.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.334	+0.117%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.340	+0.136%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.296	0.000%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.338	+0.130%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.339	+0.133%	—	$5.4M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	32.022	−0.850%	$2.1M	$180K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.269	−0.084%	$157K	$1.2M	3x	as long as short
Derive VVV-PERPlong	+0.0100%	1h	32.296	long leg	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	32.257	−0.121%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.354	+0.180%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.354	+0.180%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.315	+0.060%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.149	−0.456%	$80K	$332K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	32.397	+0.313%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0152%	1h	32.412	+0.359%	$75.1M	$55.1M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.281	−0.048%	$564K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.332	+0.112%	$215K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0311%	1h	32.346	+0.154%	$123K	$380K	5x	as long as short