Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Phemex against Binance+0.002%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1551.546% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.410%+$41 · spread now +0.002%, 7d avg +0.004%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.142	0.0100	pay 0.0050% / 4h	1h 41m	$33.1M	$147.0M	25x
Short	Phemex VVVUSDT	31.142	0.0100	get 0.0050% / 4h	1h 41m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.004%: −$0.2
Slippage, 4 orders: −$132.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$154.8
Costs to cover: 1.546%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Phemex: live order book, 2 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 Binance live order book, 2 min ago	0.16 bp	12.0 bp −$12	33.7 bp −$337	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.48 bp	46.4 bp −$46	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	−0.0152%	1h	31.137	−0.014%	$382K	$652K	5x	as long as short
Gate VVV_USDT	−0.0098%	4h	31.121	−0.066%	$10.5M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.140	−0.006%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.160	+0.060%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.390%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0037%	1h	31.156	+0.047%	$134K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	31.147	+0.018%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0067%	4h	31.141	−0.002%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.142	+0.003%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.119	−0.072%	$460K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.157	+0.048%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.166	+0.079%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.152	+0.034%	$71.4M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.190	+0.156%	$252K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.173	+0.101%	$186K	$161K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.142	long leg	$33.1M	$147.0M	25x
Bybit VVVUSDT	+0.0100%	4h	31.134	−0.024%	$38.4M	$50.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.156	+0.047%	$4.8M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.144	+0.008%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.160	+0.059%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.125	−0.053%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.150	+0.027%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.151	+0.030%	$2.0M	$246K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.139	−0.007%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.142	+0.002%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.141	−0.001%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.154	+0.039%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.142	+0.003%	$77K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0129%	8h	31.165	+0.075%	$106K	$6.2M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.144	+0.008%	$38K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	30.879	−0.842%	$138K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.155	+0.043%	$562K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0250%	1h	31.153	+0.038%	$113K	$313K	5x	as long as short