VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.20 per $10,000 · paid last 24h −0.038%

Price spread now: Phemex against BloFin+0.096%59s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

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

costs, in and out, $10k−$1111.110% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.096%, 7d avg −0.027%

Together, before fees−0.394%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.123% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.197%, so the current rate has only just turned in your favour. The two prices were read 59 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	BloFin VVV-USDT	32.282	0.0059	pay 0.0030% / 4h	48m 11s	$1.3M	$1.8M	25x
Short	Phemex VVVUSDT	32.313	0.0100	get 0.0050% / 4h	48m 11s	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now +0.096%Rate

Funding earned: $8.58
Price spread: +0.096% → −0.027%: $12.26
Slippage, 4 orders: −$86.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$90.11
Costs to cover: 1.110%
Break-even: 80.5 days

Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 5 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 BloFin live order book, 5 min ago	1.55 bp	11.3 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.39 bp	31.8 bp −$32	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
Kalshi KXVVVPERP	0.0000%	8h	32.327	+0.139%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.313	+0.097%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.312	+0.094%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0008%	1h	32.304	+0.068%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.667%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.314	+0.100%	$397K	$603K	5x	as long as short
BloFin VVV-USDTlong	+0.0059%	4h	32.282	long leg	$1.3M	$1.8M	25x
01 Exchange VVVUSD	+0.0072%	1h	32.321	+0.121%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.336	+0.166%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.298	+0.050%	$480K	$1.6M	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	32.320	+0.119%	$136K	$815K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.350	+0.211%	$74.9M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.308	+0.081%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.331	+0.152%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.321	+0.121%	$33.8M	$157.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.311	+0.090%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.321	+0.121%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.311	+0.090%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.324	+0.130%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.317	+0.108%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.307	+0.077%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.315	+0.102%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	+0.097%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.310	+0.086%	$1K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.313	+0.096%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.322	+0.123%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.314	+0.098%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.309	+0.085%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.318	+0.112%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.295	+0.040%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0142%	1h	32.344	+0.191%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0183% / S +0.0170%	1h	32.315	+0.102%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.013%	$242K	$1.3M	25x	as long as short