Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.009%

Price spread now: Paradex against Deribit−0.057%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.057% cheaper against Deribit than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	32.363	0	get 0.0000% / 1h	45m 57s	$92K	$23K	10x
Short	Paradex VVV-USD-PERP	32.345	0.0100	get 0.0100% / 8h	45m 57s	$3K	$106	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.057%Rate

Funding earned: $21.01
Price spread: −0.057% → 0.000%: −$5.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $4.29
Costs to cover: 0.110%
Break-even: 5.6 days

Slippage unknown: Deribit: no order-book sample; Paradex: 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 Deribit no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Deribit and Paradex: 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
Kalshi KXVVVPERP	0.0000%	8h	32.378	+0.045%	$114K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	32.363	long leg	$92K	$23K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.373	+0.028%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0011%	1h	32.336	−0.084%	$148K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.411%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.344	−0.060%	$397K	$604K	5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.333	−0.094%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.354	−0.029%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.318	−0.140%	$480K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0098%	4h	32.340	−0.072%	$1.3M	$1.8M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.345	−0.055%	$165K	$830K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.374	+0.033%	$75.0M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.349	−0.044%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.357	−0.019%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.342	−0.066%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.306	−0.177%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.344	−0.060%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.329	−0.106%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.347	−0.050%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.349	−0.044%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.333	−0.094%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.343	−0.063%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	−0.154%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.359	−0.013%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.330	−0.103%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	32.345	−0.057%	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	32.339	−0.075%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.369	+0.017%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	32.298	−0.202%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.322	−0.128%	$57K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0155%	1h	32.354	−0.029%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0183% / S +0.0171%	1h	32.360	−0.010%	$622K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.264%	$242K	$1.3M	25x	as long as short