Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Phemex against gTrade (Gains Network)−0.010%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) VVV/USD	32.058	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	36m 54s	$19K	—	150x
Short	Phemex VVVUSDT	32.055	0.0100	get 0.0050% / 4h	3h 36m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now −0.010%Rate

Funding earned: $20.06
Price spread: −0.010% → 0.000%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$4.91
Costs to cover: 0.240%
Break-even: 8.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 1 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	0.93 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Polymarket Perps VVV-USD	−0.0322%	1h	32.030	−0.088%	$146K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0246%	1h	32.047	−0.035%	$91K	$23K	10x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	32.051	−0.022%	$11K	$3K	3x	as long as short
Bybit VVVUSDT	−0.0055%	4h	32.054	−0.013%	$39.3M	$51.5M	20x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.023	−0.110%	$394K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.084	+0.081%	$108K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	+0.081%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0004%	1h	32.058	long leg	$19K	—	150x
Gate VVV_USDT	+0.0006%	4h	32.045	−0.041%	$10.8M	$7.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.377%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0067%	4h	32.050	−0.025%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.038	−0.064%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.045	−0.041%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.033	−0.077%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.094	+0.112%	$74.4M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.066	+0.023%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.147	+0.276%	$192K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.035	−0.072%	$33.7M	$154.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.055	−0.010%	$4.7M	$41.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.076	+0.056%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.042	−0.050%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.056	−0.007%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.042	−0.050%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.084	+0.082%	$124K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.003%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.062	+0.012%	$2K	$2K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.055	−0.010%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.122	+0.200%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.043	−0.048%	$305K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.070	+0.037%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.094	+0.111%	$80K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.066	+0.023%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.032	−0.082%	$247K	$1.3M	25x	as long as short