VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%

Price spread now: Phoenix against Injective−4.385%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 4.385% cheaper against Injective than usual: you would sell low and buy high (spread −4.385% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$438 on $10k: about 11 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	36m 17s	$2K	$1K	5.5x
Short	Phoenix VVV	31.381	0.0077	get 0.0010% / 1h	36m 17s	$55K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now −4.385%Rate

Funding earned: $9.18
Price spread: −4.385% → 0.000%: −$438.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$436.3
Costs to cover: 0.070%
Break-even: 339.8 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 48 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 48 min ago	2.87 bp	19.9 bp −$20	57.6 bp −$576	doesn't fit	doesn't fit

Injective: 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
Deribit VVV_USDC-PERPETUAL	−0.0068%	1h	31.427	−4.243%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.478	−4.089%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.469	−4.116%	$117K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.451	−4.173%	$18K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Polymarket Perps VVV-USD	+0.0054%	1h	31.449	−4.177%	$134K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0064%	4h	31.437	−4.214%	$1.3M	$1.7M	25x	as long as short
Phoenix VVVshort	+0.0077%	1h	31.381	−4.385%	$55K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.452	−4.168%	$385K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.441	−4.201%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.423	−4.257%	$464K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.449	−4.176%	$144K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.485	−4.068%	$71.8M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.470	−4.113%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.469	−4.116%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.441	−4.201%	$33.2M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.425	−4.250%	$38.7M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.442	−4.199%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.452	−4.168%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.452	−4.168%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.463	−4.135%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.447	−4.183%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.458	−4.150%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.327	−4.549%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.444	−4.192%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.408	−4.302%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.450	−4.173%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.434	−4.223%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.464	−4.131%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.380	−4.387%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0207%	1h	31.457	−4.153%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.480	−4.081%	$188K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.447	−4.182%	$538K	—	100x	as long as short