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: Paradex against Injective−3.778%99s7-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 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 3.778% cheaper against Injective than usual: you would sell low and buy high (spread −3.778% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$378 on $10k: about 6 months of funding at the current rate (+$2 a day). The two prices were read 99 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	59m 33s	$2K	$1K	5.5x
Short	Paradex VVV-USD-PERP	31.580	0.0100	get 0.0100% / 8h	59m 33s	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −3.778%Rate

Funding earned: $14
Price spread: −3.778% → 0.000%: −$377.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$367.79
Costs to cover: 0.040%
Break-even: 190.9 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective 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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.556	−3.851%	$188K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.546	−3.881%	$387K	$654K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.583	−3.769%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.573	−3.800%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.562	−3.832%	$19K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.571	−3.806%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.572	−3.803%	$467K	$1.6M	5x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.580	−3.778%	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	31.561	−3.835%	$142K	$924K	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	31.595	−3.732%	$70.8M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.600	−3.717%	$250K	$772K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.578	−3.783%	$186K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.611	−3.683%	$34.0M	$117.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.600	−3.717%	$38.6M	$40.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.619	−3.659%	$4.9M	$29.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.564	−3.827%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.575	−3.793%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.560	−3.839%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.573	−3.800%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.584	−3.766%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.531	−3.928%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.566	−3.821%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.624	−3.643%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.565	−3.824%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.578	−3.785%	$302K	$1.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.565	−3.824%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0107%	4h	31.565	−3.824%	$1.4M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.576	−3.791%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0208%	1h	31.618	−3.662%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.698	−3.419%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0406%	1h	31.608	−3.694%	$155K	$267K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.568	−3.816%	$508K	—	100x	as long as short