Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.013%

Price spread now: OKX against Injective−5.457%58s7-day average — · you buy dearer than you sell

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

Long on Injective Short on OKX

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

Funding pays, the price is against you. OKX is 5.457% cheaper against Injective than usual: you would sell low and buy high (spread −5.457% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$546 on $10k: about 9 months of funding at the current rate (+$2 a day). The two prices were read 58 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	30m 17s	$2K	$1K	5.5x
Short	OKX VVV-USDT-SWAP	31.029	0.0100	get 0.0050% / 4h	1h 30m	$4.7M	$37.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now −5.457%Rate

Funding earned: $14
Price spread: −5.457% → 0.000%: −$545.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$541.72
Costs to cover: 0.100%
Break-even: 277.9 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	0.81 bp	14.6 bp −$15	62.7 bp −$627	doesn't fit	doesn't fit

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
RISEx VVV/USDC	−0.0152%	1h	31.006	−5.528%	$381K	$643K	5x	as long as short
Gate VVV_USDT	−0.0096%	4h	31.016	−5.497%	$10.4M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.026	−5.466%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.043	−5.413%	$23K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0012%	1h	31.020	−5.484%	$134K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.018	−5.491%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.034	−5.441%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.023	−5.475%	$458K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.036	−5.437%	$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	31.035	−5.440%	$132K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.054	−5.381%	$71.2M	$51.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.037	−5.432%	$250K	$1.5M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.052	−5.386%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.044	−5.413%	$33.0M	$142.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.040	−5.424%	$38.2M	$47.1M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.029	−5.457%	$4.7M	$37.6M	20x
MEXC VVV_USDT	+0.0100%	4h	31.042	−5.417%	$6.3M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.044	−5.411%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.038	−5.430%	$5.7M	$8.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.045	−5.408%	—	$5.3M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.031	−5.452%	$2.0M	$241K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.024	−5.471%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.038	−5.430%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.032	−5.447%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.035	−5.440%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.052	−5.386%	$77K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0129%	4h	31.038	−5.430%	$1.3M	$1.7M	25x	as long as short
Kalshi KXVVVPERP	+0.0144%	8h	31.031	−5.451%	$106K	$6.1M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.051	−5.390%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.105	−5.225%	$139K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.030	−5.454%	$559K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0194%	1h	31.056	−5.374%	$113K	$303K	5x	as long as short