VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.026%

Price spread now: Phoenix against Extended−0.020%48s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$800.798% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.297%+$30 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.020%, 7d avg +0.050%

Together, before fees+0.314%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.070% cheaper against Extended than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.050%). If the spread goes back, that is −$7 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.297% in total) that is about 39 hours. The two prices were read 48 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	Extended VVV-USD	31.890	0.0104	pay 0.0013% / 1h	6m 35s	$300K	$1.6M	5x
Short	Phoenix VVV	31.884	0.0124	get 0.0016% / 1h	6m 35s	$56K	$299K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.020%Rate

Funding earned: $4.3
Price spread: −0.020% → +0.050%: −$6.96
Slippage, 4 orders: −$67.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$82.45
Costs to cover: 0.798%
Break-even: 141.3 days

Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 4 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 Extended live order book, 2 min ago	1.71 bp	19.3 bp −$19	242.6 bp −$2,426	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	3.13 bp	19.8 bp −$20	57.3 bp −$573	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
Deribit VVV_USDC-PERPETUAL	−0.0044%	1h	31.920	+0.094%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0037%	1h	31.860	−0.095%	$145K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.883	−0.023%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.936	+0.143%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.928	+0.117%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.915%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.887	−0.010%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.884	−0.019%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.873	−0.054%	$474K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.887	−0.009%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.943	+0.165%	$74.1M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.912	+0.069%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.915	+0.076%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.900	+0.031%	$33.4M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.882	−0.026%	$39.1M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.904	+0.043%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.896	+0.018%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.913	+0.071%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.915	+0.078%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.904	+0.043%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.889	−0.004%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.830	−0.188%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.925	+0.110%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.937	+0.147%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.893	+0.008%	$3K	$106	5x	as long as short
Extended VVV-USDlong	+0.0104%	1h	31.890	long leg	$300K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	31.921	+0.095%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	31.934	+0.137%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.888	−0.006%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0121%	1h	31.978	+0.274%	$124K	$348K	5x	as long as short
Phoenix VVVshort	+0.0124%	1h	31.884	−0.020%	$56K	$299K	5x
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.919	+0.089%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.215%	$242K	$1.3M	25x	as long as short