Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Aster+0.076%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1421.419% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.384%+$38 · spread now +0.076%, 7d avg +0.024%

Together, before fees+0.292%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.052% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.472	0.0100	pay 0.0050% / 4h	3h 39m	$248K	$498K	10x
Short	Phemex VVVUSDT	31.496	0.0100	get 0.0050% / 4h	3h 39m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.024%: $5.17
Slippage, 4 orders: −$121.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$136.77
Costs to cover: 1.419%
Break-even: never at this rate

Slippage from Aster: live order book, 38 min ago; Phemex: live order book, 4 min ago.

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 Aster live order book, 38 min ago	2.69 bp	10.1 bp −$10	38.8 bp −$388	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.79 bp	71.2 bp −$71	doesn't fit	doesn't fit	doesn't fit

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	−0.0349%	1h	31.459	−0.040%	$386K	$683K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.491	+0.060%	$98K	$5.2M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.461	−0.034%	$88K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+1.015%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.461	−0.036%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.283%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0092%	4h	31.467	−0.016%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.476	+0.013%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.478	+0.019%	$463K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.470	−0.007%	$3K	$51	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.462	−0.034%	$188K	$975K	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.472	long leg	$248K	$498K	10x
Pacifica VVV	+0.0100%	1h	31.482	+0.032%	$185K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.481	+0.028%	$33.6M	$106.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.461	−0.035%	$38.4M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.475	+0.009%	$4.8M	$26.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.457	−0.048%	$11.9M	$4.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.484	+0.038%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.458	−0.045%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.457	−0.048%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.482	+0.031%	—	$4.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.453	−0.060%	$2.0M	$370K	—	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.663	+0.608%	$79K	$331K	10x	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.447	−0.080%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.474	+0.005%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.496	+0.076%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.476	+0.013%	$294K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.469	−0.011%	$6K	—	3x	as long as short
Hyperliquid VVV	+0.0107%	1h	31.505	+0.104%	$70.2M	$42.7M	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.608	+0.432%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0392%	1h	31.478	+0.019%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0217%	1h	31.581	+0.345%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0843%	1h	31.516	+0.140%	$160K	$258K	5x	as long as short