Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.067%

Price spread now: Variational Omni against 01 Exchange−0.251%48s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.251% cheaper against 01 Exchange than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	01 Exchange VVVUSD	31.511	0.0320	pay 0.0040% / 1h	18m 47s	$11K	$2K	3x
Short	Variational Omni VVV	31.432	0.0100	get 0.0050% / 4h	2h 18m	$2.0M	$335K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now −0.251%Rate

Funding earned: −$46.2
Price spread: −0.251% → 0.000%: −$25.05
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$78.25
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	3.51 bp	doesn't fit	50.6 bp −$506	doesn't fit	doesn't fit

01 Exchange: 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 32 exchanges

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	−0.0166%	1h	31.524	+0.041%	$386K	$702K	5x	as long as short
Gate VVV_USDT	−0.0064%	4h	31.491	−0.063%	$12.2M	$4.6M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.516	+0.016%	$132K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.495	−0.049%	$87K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.496	−0.048%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.154%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.486	−0.079%	$192K	$1.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.505	−0.020%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.504	−0.022%	$494K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0099%	4h	31.503	−0.025%	$1.3M	$1.4M	25x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.492	−0.059%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.520	+0.030%	$188K	$973K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.510	−0.004%	$247K	$476K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.516	+0.015%	$186K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.510	−0.004%	$33.3M	$99.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.502	−0.028%	$38.3M	$37.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.509	−0.006%	$4.7M	$23.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.516	+0.016%	$7.4M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.499	−0.038%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.491	−0.063%	$5.7M	$5.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.512	+0.003%	—	$4.1M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.432	−0.251%	$2.0M	$335K	—
Polymarket Perps VVV-USD	+0.0100%	1h	31.498	−0.041%	$129K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.515	+0.013%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.483	−0.089%	$293K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.514	+0.009%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.488	−0.074%	$78K	$323K	10x	as long as short
Phoenix VVV	+0.0279%	1h	31.507	−0.013%	$33K	$188K	5x	as long as short
01 Exchange VVVUSDlong	+0.0320%	1h	31.511	long leg	$11K	$2K	3x
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.491	−0.065%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0558%	1h	31.507	−0.013%	$167K	$251K	5x	as long as short
Hyperliquid VVV	+0.0620%	1h	31.555	+0.140%	$70.3M	$42.4M	3x	as long as short