Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.022%

Price spread now: Bitget against Deribit−0.085%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 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 −$1 a day on $10k at the current rate, and Bitget is 0.085% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	31.520	0.0150	pay 0.0019% / 1h	51m 23s	$88K	$22K	10x
Short	Bitget VVVUSDT	31.493	0.0100	get 0.0050% / 4h	3h 51m	$5.7M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$10.48
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.95
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.18 bp	18.1 bp −$18	52.9 bp −$529	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	31.470	−0.158%	$385K	$666K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.486	−0.107%	$95K	$5.2M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.486	−0.106%	$185K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.504	−0.051%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.125%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.525	+0.016%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.492	−0.088%	$464K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.470	−0.158%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.514	−0.016%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.521	+0.003%	$70.3M	$43.3M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.520	+0.001%	$249K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.495	−0.078%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.526	+0.019%	$33.6M	$109.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.511	−0.028%	$38.4M	$39.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.524	+0.014%	$4.8M	$26.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.501	−0.059%	$11.8M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.523	+0.010%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.486	−0.107%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	31.493	−0.085%	$5.7M	$6.4M	20x
BingX VVV-USDT	+0.0100%	4h	31.520	+0.001%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.341	−0.567%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.487	−0.104%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	−0.086%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.533	+0.042%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.497	−0.073%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.529	+0.030%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.521	+0.005%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0148%	4h	31.536	+0.052%	$1.3M	$1.4M	25x	as long as short
Deribit VVV_USDC-PERPETUALlong	+0.0150%	1h	31.520	long leg	$88K	$22K	10x
Phoenix VVV	+0.0229%	1h	31.443	−0.243%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0400%	1h	31.532	+0.039%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0216%	1h	31.501	−0.059%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0836%	1h	31.484	−0.114%	$160K	$266K	5x	as long as short