Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Phemex against Gate+0.169%49s7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as 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−$1291.294% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.169%, 7d avg +0.097%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.073% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.097%. The two prices were read 49 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	Gate VVV_USDT	31.883	0.0100	pay 0.0050% / 4h	6m 19s	$10.7M	$7.6M	25x
Short	Phemex VVVUSDT	31.937	0.0100	get 0.0050% / 4h	6m 19s	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.097%: $7.28
Slippage, 4 orders: −$102.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$122.09
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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 Gate live order book, 2 min ago	5.64 bp	21.3 bp −$21	767.8 bp −$7,678	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	3.13 bp	41.1 bp −$41	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
Deribit VVV_USDC-PERPETUAL	−0.0133%	1h	31.881	−0.006%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0037%	1h	31.860	−0.072%	$145K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.883	0.000%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.936	+0.166%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.900	+0.053%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.939%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.887	+0.013%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.884	+0.003%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.873	−0.031%	$474K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.887	+0.014%	$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	31.909	+0.082%	$74.0M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.906	+0.071%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.915	+0.099%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.892	+0.028%	$33.4M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.872	−0.034%	$39.1M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.904	+0.066%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	31.883	long leg	$10.7M	$7.6M	25x
MEXC VVV_USDT	+0.0100%	4h	31.897	+0.044%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.911	+0.088%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.903	+0.063%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.880	−0.009%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.870	−0.042%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.897	+0.043%	$2K	$2K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.937	+0.169%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.893	+0.030%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.875	−0.024%	$300K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.896	+0.042%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	31.934	+0.160%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.888	+0.017%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0121%	1h	31.978	+0.297%	$124K	$348K	5x	as long as short
Phoenix VVV	+0.0124%	1h	31.884	+0.003%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.887	+0.013%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.238%	$242K	$1.3M	25x	as long as short