VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0822%/8h= −90.0% APRnext payment −$1.03 per $10,000 · paid last 24h −0.115%

Price spread now: Deribit against Backpack−0.115%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.787%−$79 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 −$25 a day on $10k at the current rate, and Deribit is 0.115% cheaper against Backpack than usual: you would sell low and buy high (−$12 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	Backpack VVV_USDC_PERP	31.516	0.0852	pay 0.0106% / 1h	54m 11s	$160K	$267K	5x
Short	Deribit VVV_USDC-PERPETUAL	31.479	0.0030	get 0.0004% / 1h	54m 11s	$88K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Backpack. 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 BackpackbpFee DeribitbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$172.66
Price spread: −0.115% → 0.000%: −$11.52
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$201.18
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 44 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 Backpack live order book, 44 min ago	1.96 bp	14.3 bp −$14	doesn't fit	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
RISEx VVV/USDC	−0.0349%	1h	31.465	−0.159%	$385K	$669K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.508	−0.024%	$96K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.404	−0.354%	$187K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.474	−0.133%	$19K	—	150x	as long as short
Deribit VVV_USDC-PERPETUALshort	+0.0030%	1h	31.479	−0.115%	$88K	$22K	10x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.139%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	31.444	−0.227%	$1.3M	$1.4M	25x	as long as short
Gate VVV_USDT	+0.0062%	4h	31.462	−0.170%	$11.8M	$4.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.476	−0.124%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.477	−0.122%	$463K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.478	−0.119%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.513	−0.008%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.528	+0.039%	$70.4M	$43.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.493	−0.071%	$249K	$522K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.475	−0.129%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.495	−0.065%	$33.6M	$110.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.459	−0.180%	$38.4M	$39.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.476	−0.126%	$4.8M	$27.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.494	−0.069%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.453	−0.199%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.470	−0.145%	$5.7M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.486	−0.094%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.341	−0.555%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.488	−0.088%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	−0.073%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.501	−0.046%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.498	−0.056%	$78K	$329K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.486	−0.093%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.485	−0.098%	$6K	—	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.528	+0.039%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0328%	1h	31.512	−0.011%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0216%	1h	31.476	−0.126%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERPlong	+0.0852%	1h	31.516	long leg	$160K	$267K	5x