VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.121%

Price spread now: Derive against Backpack−0.089%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 Derive

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Derive is 0.089% cheaper against Backpack than usual: you would sell low and buy high (−$9 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	32.020	0.0138	pay 0.0017% / 1h	0m 03s	$124K	$345K	5x
Short	Derive VVV-PERP	31.992	0.0100	get 0.0013% / 1h	0m 03s	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.089%Rate

Funding earned: −$7.93
Price spread: −0.089% → 0.000%: −$8.88
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$32.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 14 min ago; Derive: 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, 14 min ago	3.50 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Polymarket Perps VVV-USD	−0.0038%	1h	31.976	−0.139%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	32.002	−0.057%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.996	−0.076%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.989	−0.098%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.992	−0.088%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.497%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.995	−0.078%	$393K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.981	−0.122%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.982	−0.120%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.002	−0.056%	$126K	$850K	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	32.018	−0.007%	$74.3M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.989	−0.097%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.011	−0.030%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.998	−0.071%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.989	−0.098%	$39.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.997	−0.073%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.989	−0.098%	$10.8M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.006	−0.045%	$6.5M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.988	−0.101%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.978	−0.132%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.004	−0.051%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.952	−0.213%	$2.1M	$183K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.992	−0.089%	$2K	$2K	5x
Phemex VVVUSDT	+0.0100%	4h	31.976	−0.139%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.009	−0.035%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.961	−0.187%	$79K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.994	−0.082%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.987	−0.104%	$6K	$13K	3x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.226%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0126%	4h	31.982	−0.120%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERPlong	+0.0138%	1h	32.020	long leg	$124K	$345K	5x
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.995	−0.080%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.804%	$242K	$1.3M	25x	as long as short