VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.029%

Price spread now: Phemex against edgeX−0.682%78s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as 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−$1821.820% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+1.116%+$112 · spread now −0.682%, 7d avg −0.008%

Together, before fees+1.035%+ Points / potential airdropedgeX: Active · farm board+$104 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phemex is 0.675% cheaper against edgeX than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of −0.008%). Swap the legs. The two prices were read 78 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	edgeX VVVUSDC	30.986	0.0115	pay 0.0057% / 4h	3h 57m	$77K	$335K	10x
Short	Phemex VVVUSDT	30.775	0.0100	get 0.0050% / 4h	3h 57m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.682%Rate

Funding earned: −$3.1
Price spread: −0.682% → −0.008%: −$67.47
Slippage, 4 orders: −$161.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$252.59
Costs to cover: 1.820%
Break-even: never at this rate

Slippage from edgeX: live order book, 61 min ago; Phemex: live order book, 6 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 edgeX live order book, 61 min ago	0.81 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	1.94 bp	39.3 bp −$39	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	−0.0417%	1h	30.771	−0.695%	$378K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0219%	1h	30.783	−0.657%	$128K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0144%	4h	30.838	−0.479%	$10.3M	$5.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	−0.497%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.761	−0.727%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.794	−0.620%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.917%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	30.817	−0.548%	$2.1M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.819	−0.540%	$451K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.805	−0.586%	$3K	$73	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	30.825	−0.523%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.830	−0.505%	$70.3M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.832	−0.498%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.845	−0.456%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.829	−0.508%	$33.0M	$127.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.802	−0.595%	$38.3M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.812	−0.563%	$4.8M	$32.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.824	−0.524%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.804	−0.589%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.811	−0.566%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.827	−0.515%	—	$5.0M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	30.834	−0.491%	$122K	$249K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	30.997	+0.033%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.767	−0.710%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.775	−0.682%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.817	−0.548%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.836	−0.485%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0115%	4h	30.986	long leg	$77K	$335K	10x
01 Exchange VVVUSD	+0.0120%	1h	30.795	−0.618%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0139%	8h	30.827	−0.515%	$106K	$5.6M	1.7x	as long as short
BloFin VVV-USDT	+0.0151%	4h	30.898	−0.285%	$1.3M	$1.6M	25x	as long as short
Phoenix VVV	+0.0182%	1h	31.038	+0.166%	$32K	$245K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.787	−0.643%	$540K	—	100x	as long as short