VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.035%

Price spread now: RISEx against Backpack−0.135%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.135%, 7d avg −0.083%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.052% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.208	0.0100	pay 0.0013% / 1h	30m 48s	$125K	$331K	5x
Short	RISEx VVV/USDC	32.164	−0.0015	pay 0.0002% / 1h	30m 48s	$396K	$602K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$24.11
Price spread: −0.135% → −0.083%: −$5.2
Slippage, 4 orders: −$30.05
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$75.37
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from Backpack: live order book, 43 min ago; RISEx: live order book, 43 min ago.

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, 43 min ago	3.50 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 43 min ago	1.41 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit

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	−0.0290%	1h	32.168	−0.123%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0080%	1h	32.184	−0.073%	$11K	$3K	3x	as long as short
RISEx VVV/USDCshort	−0.0015%	1h	32.164	−0.135%	$396K	$602K	5x
Gate VVV_USDT	−0.0014%	4h	32.131	−0.238%	$10.8M	$7.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.191	−0.051%	$109K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.049	−0.492%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.141	−0.206%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.183	−0.077%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.902%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.147	−0.189%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.152	−0.172%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.172	−0.110%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.212	+0.014%	$74.6M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.190	−0.054%	$263K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.157	−0.156%	$192K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.160	−0.147%	$33.8M	$154.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.143	−0.199%	$39.4M	$51.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.102	−0.328%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.200	−0.023%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.173	−0.107%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.209	+0.005%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.146	−0.191%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERPlong	+0.0100%	1h	32.208	long leg	$125K	$331K	5x
Variational Omni VVV	+0.0100%	4h	32.153	−0.171%	$2.1M	$188K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.144	−0.197%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.145	−0.194%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.183	−0.075%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.193	−0.046%	$306K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.149	−0.180%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0108%	4h	32.150	−0.179%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.873	−1.040%	$79K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	32.185	−0.070%	$582K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.144	−0.198%	$247K	$1.3M	25x	as long as short