Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.003%

Price spread now: Deribit against Variational Omni−0.092%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.092% cheaper against Variational Omni than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	32.145	0.0100	pay 0.0050% / 4h	6m 51s	$2.1M	$183K	—
Short	Deribit VVV_USDC-PERPETUAL	32.116	0	get 0.0000% / 1h	6m 51s	$92K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$21
Price spread: −0.092% → 0.000%: −$9.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.22
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Deribit: 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 Variational Omni RFQ quote, 2 min ago	3.81 bp	doesn't fit	22.7 bp −$227	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	32.158	+0.039%	$129K	$6.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	32.116	−0.092%	$92K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.130	−0.049%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.099%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0094%	4h	32.124	−0.066%	$1.4M	$1.7M	25x	as long as short
Lighter RH VVV	+0.0096%	1h	32.128	−0.054%	$485K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.121	−0.074%	$150K	$775K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.172	+0.083%	$285K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.156	+0.034%	$185K	$167K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.118	−0.086%	$34.0M	$150.9M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.105	−0.125%	$39.9M	$50.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.082	−0.197%	$4.8M	$40.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.095	−0.157%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.133	−0.038%	$17.1M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.158	+0.039%	$2.0M	$2.5M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.082	−0.197%	$5.9M	$8.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.112	−0.104%	—	$5.2M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	32.145	long leg	$2.1M	$183K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.125	−0.063%	$139K	$963K	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.122	−0.072%	$429	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.101	−0.138%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.139	−0.021%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.186	+0.127%	$80K	$329K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.115	−0.096%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.146	+0.002%	$6K	$13K	3x	as long as short
Lighter VVV	+0.0136%	1h	32.148	+0.010%	$2.2M	$5.4M	5x	as long as short
RISEx VVV/USDC	+0.0206%	1h	32.130	−0.048%	$393K	$584K	5x	as long as short
Phoenix VVV	+0.0225%	1h	32.182	+0.114%	$56K	$286K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.208	+0.195%	$199K	$1.1M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0309%	1h	32.145	+0.001%	$145K	$366K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0446% / S −0.0192%	1h	32.126	−0.059%	$548K	—	100x	as long as short
01 Exchange VVVUSD	+0.0664%	1h	32.192	+0.145%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0743%	1h	32.133	−0.037%	$75.0M	$51.8M	3x	as long as short