VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.127%

Price spread now: gTrade (Gains Network) against Backpack−0.075%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 gTrade (Gains Network)

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 −$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.075% cheaper against Backpack than usual: you would sell low and buy high (−$7 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	32.141	0.0235	pay 0.0029% / 1h	49m 28s	$177K	$255K	5x
Short	gTrade (Gains Network) VVV/USD	32.117	L +0.0004% / S −0.0004%	get 0.0001% / 1h	49m 28s	$19K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.075%Rate

Funding earned: −$48.34
Price spread: −0.075% → 0.000%: −$7.47
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$77.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 57 min ago; gTrade (Gains Network): 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, 57 min ago	1.72 bp	19.8 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 exchanges

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	−0.0347%	1h	32.141	−0.001%	$364K	$745K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0164%	1h	32.139	−0.009%	$85K	$19K	10x	as long as short
Gate VVV_USDT	−0.0120%	4h	32.139	−0.007%	$13.0M	$4.9M	25x	as long as short
Coinbase International VVV-PERP-INTX	−0.0112%	1h	32.361	+0.684%	$178K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.185	+0.136%	$134K	$5.3M	1.6x	as long as short
gTrade (Gains Network) VVV/USDshort	L +0.0004% / S −0.0004%	1h	32.117	−0.075%	$19K	—	150x
01 Exchange VVVUSD	+0.0032%	1h	32.158	+0.052%	$11K	$2K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.112%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0040%	1h	32.142	+0.002%	$56K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0081%	4h	32.113	−0.088%	$1.3M	$1.4M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.059	−0.257%	$1.9M	$3.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.071	−0.219%	$489K	$1.5M	5x	as long as short
Phoenix VVV	+0.0099%	1h	32.095	−0.144%	$33K	$182K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.172	+0.096%	$159K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.199	+0.181%	$75.3M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.161	+0.061%	$256K	$466K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.104	−0.117%	$197K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.163	+0.068%	$33.3M	$93.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.150	+0.027%	$37.9M	$37.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.150	+0.027%	$4.7M	$23.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.161	+0.061%	$7.8M	$4.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.132	−0.029%	$1.7M	$2.4M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.143	+0.005%	$5.9M	$5.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.122	−0.060%	—	$3.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.139	−0.007%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.159	+0.055%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.114	−0.085%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.081	−0.187%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.124	−0.055%	$301K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.145	+0.010%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.148	+0.022%	$80K	$320K	10x	as long as short
Backpack VVV_USDC_PERPlong	+0.0235%	1h	32.141	long leg	$177K	$255K	5x
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.121	−0.062%	$517K	—	100x	as long as short