Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.049%

Price spread now: Variational Omni against Injective−2.497%7-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 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 pays, the price is against you. Variational Omni is 2.497% cheaper against Injective than usual: you would sell low and buy high (spread −2.497% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$250 on $10k: about 4 months of funding at the current rate (+$2 a day).

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	34m 36s	$2K	$1K	5.5x
Short	Variational Omni VVV	32.001	0.0100	get 0.0050% / 4h	3h 34m	$2.1M	$187K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −2.497%Rate

Funding earned: $14
Price spread: −2.497% → 0.000%: −$249.68
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$235.7
Costs to cover: 0.000%
Break-even: 124.9 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	2.87 bp	doesn't fit	51.0 bp −$510	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
Deribit VVV_USDC-PERPETUAL	−0.0463%	1h	31.791	−3.134%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0321%	1h	31.884	−2.852%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	31.892	−2.828%	$11K	$3K	3x	as long as short
Gate VVV_USDT	−0.0066%	4h	31.851	−2.952%	$10.7M	$7.3M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.879	−2.868%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.964	−2.608%	$108K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.049	−2.349%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.936	−2.694%	$19K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.860	−2.924%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.842	−2.980%	$474K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.925	−2.725%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.879	−2.867%	$73.9M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.899	−2.805%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.877	−2.874%	$190K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.873	−2.885%	$33.5M	$154.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.858	−2.931%	$39.1M	$51.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.882	−2.858%	$4.6M	$41.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.869	−2.898%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.857	−2.934%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.877	−2.873%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.868	−2.901%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.872	−2.889%	$124K	$332K	5x	as long as short
Variational Omni VVVshort	+0.0100%	4h	32.001	−2.497%	$2.1M	$187K	—
Derive VVV-PERP	+0.0100%	1h	31.811	−3.073%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.865	−2.910%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.862	−2.920%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.865	−2.910%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.847	−2.965%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.094	−2.213%	$80K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.849	−2.959%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.934	−2.700%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.985	−2.546%	$246K	$1.3M	25x	as long as short