Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.042%

Price spread now: BloFin against Injective−6.350%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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

Funding pays, the price is against you. BloFin is 6.350% cheaper against Injective than usual: you would sell low and buy high (spread −6.350% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$635 on $10k: about 22 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	29m 56s	$2K	$1K	5.5x
Short	BloFin VVV-USDT	30.736	0.0065	get 0.0032% / 4h	2h 29m	$1.3M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −6.350%Rate

Funding earned: $6.64
Price spread: −6.350% → 0.000%: −$634.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$640.36
Costs to cover: 0.120%
Break-even: 682.1 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	2.60 bp	12.2 bp −$12	35.9 bp −$359	doesn't fit	doesn't fit

Injective: 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	−0.0329%	1h	30.696	−6.472%	$382K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−6.673%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.699	−6.464%	$22K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Deribit VVV_USDC-PERPETUAL	+0.0043%	1h	30.712	−6.422%	$85K	$22K	10x	as long as short
BloFin VVV-USDTshort	+0.0065%	4h	30.736	−6.350%	$1.3M	$1.5M	25x
01 Exchange VVVUSD	+0.0080%	1h	30.712	−6.423%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0081%	1h	30.695	−6.475%	$118K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.709	−6.432%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.717	−6.408%	$447K	$1.6M	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	30.708	−6.435%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.721	−6.394%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.720	−6.399%	$69.2M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.728	−6.375%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.729	−6.370%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.720	−6.398%	$33.1M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.698	−6.466%	$38.0M	$41.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.719	−6.402%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.713	−6.420%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.729	−6.371%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.707	−6.438%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.696	−6.472%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.731	−6.365%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−6.436%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.698	−6.465%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.720	−6.399%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.715	−6.414%	$294K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.719	−6.403%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	30.717	−6.407%	$76K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0199%	8h	30.727	−6.377%	$94K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.770	−6.246%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0385%	1h	30.747	−6.317%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0176%	1h	30.695	−6.475%	$536K	—	100x	as long as short