VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.061%

Price spread now: Phoenix against Deribit+0.308%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.456%+$46 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.308% dearer against Deribit than usual: you sell high and buy low (spread +0.308% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 31 days. Mind the row above: over the last 7 days funding on this pair paid +0.456%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	31.831	0.0033	pay 0.0004% / 1h	28m 54s	$89K	$24K	10x
Short	Phoenix VVV	31.929	0	get 0.0000% / 1h	28m 54s	$49K	$289K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.308%Rate

Funding earned: −$6.9
Price spread: +0.308% → 0.000%: $30.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $9.92
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 37 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 Phoenix live order book, 37 min ago	3.13 bp	19.8 bp −$20	57.5 bp −$575	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 32 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	−0.0111%	1h	31.870	+0.124%	$400K	$621K	5x	as long as short
Gate VVV_USDT	−0.0060%	4h	31.797	−0.107%	$10.7M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0032%	1h	31.866	+0.110%	$146K	$1.1M	3x	as long as short
Bybit VVVUSDT	−0.0027%	4h	31.768	−0.198%	$38.9M	$50.8M	20x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.892	+0.192%	$120K	$6.4M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.929	+0.308%	$49K	$289K	5x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.842	+0.034%	$2K	—	150x	as long as short
Deribit VVV_USDC-PERPETUALlong	+0.0033%	1h	31.831	long leg	$89K	$24K	10x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.107%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	31.892	+0.192%	$11K	$3K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.833	+0.007%	$2.2M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.826	−0.015%	$470K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.855	+0.075%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.892	+0.190%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.859	+0.088%	$73.5M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.847	+0.049%	$258K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.885	+0.171%	$191K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.798	−0.102%	$33.8M	$149.7M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.799	−0.100%	$4.7M	$40.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.820	−0.034%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.840	+0.029%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.800	−0.097%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.810	−0.066%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	+0.137%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.816	−0.048%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.844	+0.041%	$2.1M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.800	−0.097%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.841	+0.033%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.927	+0.302%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.827	−0.013%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.919	+0.278%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0298%	1h	31.847	+0.050%	$123K	$318K	5x	as long as short