Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.004%

Price spread now: Deribit against Variational Omni+0.452%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.452% dearer against Variational Omni than usual: you sell high and buy low (spread +0.452% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	32.319	0.0100	pay 0.0050% / 4h	2h 06m	$2.1M	$180K	—
Short	Deribit VVV_USDC-PERPETUAL	32.465	0.0061	get 0.0008% / 1h	6m 23s	$93K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.452%Rate

Funding earned: −$8.15
Price spread: +0.452% → 0.000%: $45.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $30.09
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.87 bp	doesn't fit	82.8 bp −$828	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
Kalshi KXVVVPERP	0.0000%	8h	32.438	+0.368%	$116K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.387	+0.209%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.550%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUALshort	+0.0061%	1h	32.465	+0.452%	$93K	$22K	10x
Phoenix VVV	+0.0077%	1h	32.248	−0.220%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.370	+0.159%	$413K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.390	+0.218%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.362	+0.132%	$483K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.359	+0.123%	$149K	$781K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.385	+0.204%	$277K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.380	+0.187%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.379	+0.186%	$34.2M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.366	+0.146%	$39.9M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.533	+0.662%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.375	+0.173%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.368	+0.151%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.418	+0.306%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.355	+0.111%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.391	+0.222%	—	$5.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	32.319	long leg	$2.1M	$180K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.365	+0.142%	$155K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.449	+0.401%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.400	+0.250%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.382	+0.195%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.368	+0.151%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.451	+0.409%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.365	+0.141%	$80K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0136%	4h	32.467	+0.457%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	32.431	+0.346%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.366	+0.145%	$566K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.462	+0.442%	$216K	$1.2M	25x	as long as short
Hyperliquid VVV	+0.0261%	1h	32.419	+0.309%	$75.0M	$55.1M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0351%	1h	32.446	+0.391%	$123K	$376K	5x	as long as short