Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: OKX against Injective−4.113%58s7-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 OKX

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. OKX is 4.113% cheaper against Injective than usual: you would sell low and buy high (spread −4.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$411 on $10k: about 7 months of funding at the current rate (+$2 a day). The two prices were read 58 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	50m 21s	$2K	$1K	5.5x
Short	OKX VVV-USDT-SWAP	31.470	0.0100	get 0.0050% / 4h	1h 50m	$4.9M	$31.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −4.113%Rate

Funding earned: $14
Price spread: −4.113% → 0.000%: −$411.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$407.35
Costs to cover: 0.100%
Break-even: 210.7 days

Slippage unknown: Injective: no order-book sample; OKX: 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 OKX live order book, 3 min ago	0.48 bp	11.3 bp −$11	73.3 bp −$733	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.384	−4.374%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.443	−4.196%	$386K	$649K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.491	−4.049%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.473	−4.104%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.438	−4.211%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.435	−4.220%	$461K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.449	−4.178%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.429	−4.238%	$163K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.517	−3.970%	$70.9M	$47.9M	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	31.467	−4.123%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.455	−4.159%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.466	−4.126%	$33.9M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.461	−4.142%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.470	−4.113%	$4.9M	$31.1M	20x
Gate VVV_USDT	+0.0100%	4h	31.483	−4.074%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.509	−3.995%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.454	−4.162%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.466	−4.126%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.502	−4.016%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.407	−4.304%	$2.0M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.489	−4.055%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.455	−4.159%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.430	−4.235%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0102%	4h	31.460	−4.144%	$1.4M	$1.5M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	31.477	−4.092%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.478	−4.089%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	31.470	−4.113%	$86K	$5.6M	1.7x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.336	−4.520%	$78K	$332K	10x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0147%	1h	31.469	−4.118%	$88K	$22K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.250	−4.784%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0200%	1h	31.484	−4.071%	$503K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0472%	1h	31.491	−4.050%	$150K	$265K	5x	as long as short