Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.017%

Price spread now: Phoenix against edgeX+0.054%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1221.223% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.054%, 7d avg −0.002%

Together, before fees+0.196%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.056% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	31.021	0.0100	pay 0.0050% / 4h	1m 32s	$77K	$334K	10x
Short	Phoenix VVV	31.038	0.0182	get 0.0023% / 1h	1m 32s	$32K	$253K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.054%Rate

Funding earned: $17.15
Price spread: +0.054% → −0.002%: $5.58
Slippage, 4 orders: −$106.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$99.58
Costs to cover: 1.223%
Break-even: 47.6 days

Slippage from edgeX: live order book, 57 min ago; Phoenix: live order book, 54 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, 57 min ago	0.81 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 54 min ago	2.92 bp	19.9 bp −$20	57.6 bp −$576	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	−0.0299%	1h	30.992	−0.094%	$382K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0071%	1h	31.005	−0.052%	$129K	$1.2M	3x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.951	−0.228%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.799%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0034%	4h	31.029	+0.025%	$10.4M	$6.0M	25x	as long as short
BloFin VVV-USDT	+0.0059%	4h	31.006	−0.049%	$1.3M	$1.6M	25x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	31.036	+0.048%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.881	−0.451%	$145K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.058	+0.119%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.069	+0.154%	$454K	$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	31.050	+0.092%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.031	+0.031%	$143K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.040	+0.061%	$70.8M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.051	+0.096%	$248K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.035	+0.045%	$183K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.030	+0.029%	$33.2M	$128.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.029	+0.024%	$38.6M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.022	+0.002%	$4.8M	$32.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.016	−0.017%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.005	−0.052%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.994	−0.088%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.959	−0.201%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.780	−0.777%	$1.9M	$283K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.035	+0.045%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.023	+0.006%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDClong	+0.0100%	4h	31.021	long leg	$77K	$334K	10x
Extended VVV-USD	+0.0104%	1h	31.014	−0.024%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.030	+0.029%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0140%	8h	31.048	+0.086%	$106K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0140%	1h	31.052	+0.099%	$86K	$24K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0160%	1h	31.074	+0.170%	$121K	$248K	5x	as long as short
Phoenix VVVshort	+0.0182%	1h	31.038	+0.054%	$32K	$253K	5x
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.935	−0.277%	$543K	—	100x	as long as short