Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: Deribit against OKX−0.215%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.215% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.331	0.0100	pay 0.0050% / 4h	1h 53m	$4.9M	$31.0M	20x
Short	Deribit VVV_USDC-PERPETUAL	31.264	0	get 0.0000% / 1h	53m 57s	$87K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.215%Rate

Funding earned: −$21
Price spread: −0.215% → 0.000%: −$21.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.48
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Deribit: 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 OKX live order book, 5 min ago	1.12 bp	14.1 bp −$14	86.1 bp −$861	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	31.302	−0.092%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.248	−0.266%	$383K	$649K	5x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.264	−0.215%	$87K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.270	−0.193%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.266	−0.207%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.752%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.258	−0.235%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.337	+0.019%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.229	−0.324%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.277	−0.173%	$162K	$897K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.371	+0.128%	$70.5M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.343	+0.038%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.251	−0.257%	$184K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.337	+0.019%	$33.8M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.323	−0.027%	$38.6M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.331	long leg	$4.9M	$31.0M	20x
Gate VVV_USDT	+0.0100%	4h	31.313	−0.057%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.325	−0.019%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.277	−0.172%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.349	+0.057%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.339	+0.026%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.158	−0.552%	$1.9M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.244	−0.278%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.260	−0.225%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.269	−0.198%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.264	−0.214%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.275	−0.179%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0114%	8h	31.274	−0.182%	$114K	$5.5M	1.7x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.281	−0.160%	$78K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0122%	4h	31.311	−0.064%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	31.283	−0.153%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0199%	1h	31.254	−0.245%	$500K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0465%	1h	31.353	+0.069%	$149K	$264K	5x	as long as short