VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.046%

Price spread now: Phoenix against Derive+0.009%68s7-day average — · you sell dearer than you buy

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

Long on Derive Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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: +$2 a day on $10k at the current rate. The two prices were read 68 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	Derive VVV-PERP	30.771	0.0100	pay 0.0013% / 1h	29m 44s	$3K	$3K	5x
Short	Phoenix VVV	30.774	0.0182	get 0.0023% / 1h	29m 44s	$32K	$253K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Derive. 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 DerivebpFee PhoenixbpOrdersPrice spread, now +0.009%Rate

Funding earned: $17.23
Price spread: +0.009% → 0.000%: $0.86
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $5.09
Costs to cover: 0.130%
Break-even: 4.9 days

Slippage unknown: Derive: no order-book sample; Phoenix: live order book, 25 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 Derive no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 25 min ago	2.92 bp	19.9 bp −$20	57.6 bp −$576	doesn't fit	doesn't fit

Derive: 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
RISEx VVV/USDC	−0.0299%	1h	30.761	−0.033%	$377K	$627K	5x	as long as short
Polymarket Perps VVV-USD	−0.0103%	1h	30.748	−0.076%	$128K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.770	−0.003%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.779	+0.023%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	30.767	−0.014%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.658%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0038%	4h	30.813	+0.135%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	−0.011%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.817	+0.149%	$2.1M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.791	+0.064%	$449K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.759	−0.039%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.799	+0.091%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.826	+0.178%	$70.3M	$49.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.808	+0.119%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.765	−0.022%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.825	+0.173%	$32.9M	$130.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.807	+0.116%	$38.3M	$43.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.830	+0.191%	$4.8M	$33.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.808	+0.119%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.796	+0.080%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.821	+0.161%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.833	+0.200%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.703	−0.223%	$1.9M	$337K	—	as long as short
Derive VVV-PERPlong	+0.0100%	1h	30.771	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	30.790	+0.061%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.765	−0.021%	$76K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.802	+0.098%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.777	+0.020%	$6K	—	3x	as long as short
Backpack VVV_USDC_PERP	+0.0152%	1h	30.817	+0.149%	$120K	$253K	5x	as long as short
Kalshi KXVVVPERP	+0.0152%	8h	30.786	+0.048%	$99K	$5.7M	1.7x	as long as short
BloFin VVV-USDT	+0.0155%	4h	30.720	−0.167%	$1.3M	$1.6M	25x	as long as short
Phoenix VVVshort	+0.0182%	1h	30.774	+0.009%	$32K	$253K	5x
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.769	−0.008%	$539K	—	100x	as long as short