VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0073%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.080%

Price spread now: Phoenix against gTrade (Gains Network)−0.468%63s7-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 Phoenix

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

Funding pays, the price is against you. Phoenix is 0.468% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.468% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 21 days of funding at the current rate (+$2 a day). The two prices were read 63 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	gTrade (Gains Network) VVV/USD	31.719	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	27m 34s	$19K	—	150x
Short	Phoenix VVV	31.571	0.0077	get 0.0010% / 1h	27m 34s	$55K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.468%Rate

Funding earned: $15.24
Price spread: −0.468% → 0.000%: −$46.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$50.52
Costs to cover: 0.190%
Break-even: 30.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 57 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 Phoenix live order book, 57 min ago	2.87 bp	19.9 bp −$20	57.6 bp −$576	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
Kalshi KXVVVPERP	0.0000%	8h	31.859	+0.440%	$118K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.808	+0.281%	$91K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0004%	1h	31.719	long leg	$19K	—	150x
01 Exchange VVVUSD	+0.0024%	1h	31.852	+0.418%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.470%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0072%	1h	31.823	+0.327%	$137K	$1.2M	3x	as long as short
Phoenix VVVshort	+0.0077%	1h	31.571	−0.468%	$55K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.829	+0.346%	$390K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.811	+0.288%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.816	+0.305%	$474K	$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
Nado VVV-PERP	+0.0100%	1h	31.864	+0.456%	$146K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.851	+0.415%	$72.6M	$54.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.844	+0.394%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.831	+0.352%	$189K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.865	+0.459%	$33.7M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.861	+0.448%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.848	+0.406%	$4.7M	$41.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.823	+0.327%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.824	+0.330%	$17.1M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.797	+0.245%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.832	+0.355%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.825	+0.333%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.543	−0.556%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.804	+0.266%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.723	+0.012%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.838	+0.373%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.827	+0.339%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.766	+0.148%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.561	−0.498%	$78K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0127%	4h	31.649	−0.222%	$1.3M	$1.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.671	−0.153%	$197K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0247%	1h	31.830	+0.350%	$120K	$379K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0195%	1h	31.715	−0.014%	$542K	—	100x	as long as short