Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

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

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

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	32.194	0	get 0.0000% / 1h	8m 55s	$91K	$23K	10x
Short	Phemex VVVUSDT	32.194	0.0100	get 0.0050% / 4h	1h 08m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Deribit. 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 DeribitbpFee PhemexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $21
Price spread: +0.002% → 0.000%: $0.16
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: $2.16
Costs to cover: 0.190%
Break-even: 6.3 days

Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 4 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 Deribit no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	5.12 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit

Deribit: 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 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	32.221	+0.085%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	32.194	long leg	$91K	$23K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.199	+0.016%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.946%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0050%	4h	32.211	+0.054%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.208	+0.044%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.177	−0.051%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.243	+0.154%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.182	−0.034%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.200	+0.020%	$265K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.190	−0.011%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.197	+0.011%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.186	−0.024%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.193	−0.002%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.179	−0.045%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.198	+0.014%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.193	−0.002%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.181	−0.039%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.191	−0.008%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.021%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.182	−0.036%	$141K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.196	+0.006%	$1K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.194	+0.002%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.191	−0.008%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.186	−0.022%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.188	−0.018%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.198	+0.014%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.218	+0.078%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.189	−0.014%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.196	+0.007%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0218%	1h	32.216	+0.071%	$122K	$365K	5x	as long as short
Hyperliquid VVV	+0.0248%	1h	32.220	+0.082%	$74.8M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	32.199	+0.017%	$12K	$3K	3x	as long as short