VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against Derive−0.194%50s7-day average — · you buy dearer than you sell

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

Long on Derive Short on Polymarket Perps

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 −$2 a day on $10k at the current rate, and Polymarket Perps is 0.194% cheaper against Derive than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive VVV-PERP	32.140	0.0100	pay 0.0013% / 1h	26m 27s	$1K	$1K	5x
Short	Polymarket Perps VVV-USD	32.078	0.0035	get 0.0004% / 1h	26m 27s	$146K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Derive. 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 DerivebpFee Polymarket PerpsbpOrdersPrice spread, now −0.194%Rate

Funding earned: −$13.69
Price spread: −0.194% → 0.000%: −$19.37
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$47.06
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Polymarket Perps: 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 Derive no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 2 min ago	1.09 bp	5.1 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit

Derive: 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	32.149	+0.027%	$110K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.147	+0.021%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.101	−0.122%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.115%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USDshort	+0.0035%	1h	32.078	−0.194%	$146K	$1.2M	3x
RISEx VVV/USDC	+0.0040%	1h	32.093	−0.148%	$395K	$604K	5x	as long as short
01 Exchange VVVUSD	+0.0056%	1h	32.096	−0.138%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.138	−0.008%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.132	−0.026%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.105	−0.111%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.125	−0.046%	$74.4M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.125	−0.046%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.145	+0.015%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.110	−0.093%	$33.6M	$156.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.087	−0.166%	$39.4M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.083	−0.178%	$4.7M	$42.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.093	−0.147%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.113	−0.085%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.117	−0.072%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.102	−0.119%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.103	−0.116%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.089	−0.160%	$2.1M	$183K	—	as long as short
Derive VVV-PERPlong	+0.0100%	1h	32.140	long leg	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	32.166	+0.080%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.108	−0.099%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.097	−0.135%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.151	+0.032%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	32.146	+0.018%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.120	−0.063%	$80K	$332K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.130	−0.032%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0141%	1h	32.197	+0.177%	$122K	$358K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0173%	1h	32.151	+0.032%	$618K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.428%	$242K	$1.3M	25x	as long as short