Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.044%

Price spread now: Phoenix against Aster−0.094%65s7-day average +0.027% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.668% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.094%, 7d avg +0.027%

Together, before fees+0.379%+ Points / potential airdropAster: Stage 5 · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.121% cheaper against Aster than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.027%). If the spread goes back, that is −$12 on $10k: about 7.6 days of funding at the current rate (+$2 a day). The two prices were read 65 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	Aster VVVUSDT	31.765	0.0100	pay 0.0050% / 4h	1h 18m	$256K	$1.4M	10x
Short	Phoenix VVV	31.735	0.0153	get 0.0019% / 1h	18m 18s	$38K	$264K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.094%Rate

Funding earned: $11.18
Price spread: −0.094% → +0.027%: −$12.15
Slippage, 4 orders: −$51.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$67.74
Costs to cover: 0.668%
Break-even: 49.4 days

Slippage from Aster: live order book, 5 min ago; Phoenix: live order book, 42 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, 5 min ago	3.95 bp	11.0 bp −$11	57.2 bp −$572	doesn't fit	doesn't fit
Sell Phoenix live order book, 42 min ago	2.87 bp	19.9 bp −$20	57.5 bp −$575	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	−0.0152%	1h	31.712	−0.167%	$399K	$643K	5x	as long as short
Gate VVV_USDT	−0.0016%	4h	31.694	−0.223%	$10.6M	$6.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.693	−0.225%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.699	−0.208%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.322%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.732	−0.102%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.728	−0.116%	$470K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.731	−0.106%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.738	−0.083%	$147K	$848K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.773	+0.025%	$73.6M	$50.6M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDTlong	+0.0100%	4h	31.765	long leg	$256K	$1.4M	10x
Pacifica VVV	+0.0100%	1h	31.750	−0.047%	$190K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.715	−0.159%	$33.7M	$140.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.683	−0.259%	$38.9M	$46.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.698	−0.211%	$4.8M	$37.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.720	−0.141%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.731	−0.107%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.684	−0.255%	$5.8M	$8.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.708	−0.179%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.678	−0.275%	$2.0M	$241K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.722	−0.135%	$137K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.688	−0.244%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.697	−0.214%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.695	−0.219%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.688	−0.243%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.710	−0.172%	$79K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0149%	4h	31.745	−0.063%	$1.3M	$1.7M	25x	as long as short
Phoenix VVVshort	+0.0153%	1h	31.735	−0.094%	$38K	$264K	5x
01 Exchange VVVUSD	+0.0160%	1h	31.776	+0.035%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	−0.344%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0170%	8h	31.754	−0.034%	$105K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.691	−0.233%	$571K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0340%	1h	31.767	+0.007%	$125K	$287K	5x	as long as short