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: Backpack against Deribit+0.115%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Backpack

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 for this trade now. Funding pays +$25 a day on $10k at the current rate, and Backpack is 0.115% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	31.479	0.0030	pay 0.0004% / 1h	54m 01s	$88K	$22K	10x
Short	Backpack VVV_USDC_PERP	31.516	0.0852	get 0.0106% / 1h	54m 01s	$160K	$267K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now +0.115%Rate

Funding earned: $172.66
Price spread: +0.115% → 0.000%: $11.53
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $167.19
Costs to cover: 0.170%
Break-even: 0.2 days

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 44 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 44 min ago	1.96 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit

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	−0.044%	$385K	$669K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.508	+0.091%	$96K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.404	−0.240%	$187K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.474	−0.017%	$19K	—	150x	as long as short
Deribit VVV_USDC-PERPETUALlong	+0.0030%	1h	31.479	long leg	$88K	$22K	10x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.259%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	31.444	−0.112%	$1.3M	$1.4M	25x	as long as short
Gate VVV_USDT	+0.0062%	4h	31.460	−0.061%	$11.8M	$4.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.476	−0.009%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.477	−0.007%	$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	−0.004%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.513	+0.107%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.524	+0.142%	$70.3M	$43.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.494	+0.048%	$249K	$522K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.475	−0.014%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.500	+0.066%	$33.6M	$110.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.466	−0.041%	$38.4M	$39.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.475	−0.014%	$4.8M	$27.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.494	+0.047%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.453	−0.084%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.474	−0.017%	$5.7M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.486	+0.021%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.341	−0.440%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.488	+0.028%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	+0.042%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.501	+0.069%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.498	+0.059%	$78K	$329K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.492	+0.039%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.485	+0.017%	$6K	—	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.528	+0.155%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0328%	1h	31.512	+0.104%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0216%	1h	31.476	−0.011%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0852%	1h	31.516	+0.115%	$160K	$267K	5x