Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Phemex against MEXC−0.044%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1031.025% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.044%, 7d avg −0.003%

Together, before fees−0.055%−$6 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 0.040% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	32.147	0.0100	pay 0.0050% / 4h	3h 38m	$6.6M	$6.9M	50x
Short	Phemex VVVUSDT	32.133	0.0100	get 0.0050% / 4h	3h 38m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.003%: −$4.04
Slippage, 4 orders: −$90.52
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$106.56
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Phemex: live order book, 5 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 MEXC live order book, 5 min ago	0.47 bp	4.6 bp −$5	59.3 bp −$593	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	5.92 bp	41.9 bp −$42	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
Polymarket Perps VVV-USD	−0.0307%	1h	32.107	−0.124%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	32.090	−0.177%	$11K	$3K	3x	as long as short
Bybit VVVUSDT	−0.0029%	4h	32.124	−0.072%	$39.5M	$51.5M	20x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.111	−0.114%	$395K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.140	−0.022%	$109K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	−0.196%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.129	−0.055%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.141	−0.017%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.094%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0066%	4h	32.102	−0.140%	$10.8M	$7.3M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.127	−0.064%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.119	−0.087%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.120	−0.084%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.161	+0.044%	$74.5M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.113	−0.106%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.146	−0.003%	$192K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.149	+0.008%	$33.8M	$154.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.138	−0.028%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	32.147	long leg	$6.6M	$6.9M	50x
KuCoin VVVUSDTM	+0.0100%	4h	32.139	−0.025%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.121	−0.081%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.137	−0.031%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.165	+0.057%	$125K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.280%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.137	−0.032%	$2K	$2K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.133	−0.044%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.109	−0.119%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.132	−0.046%	$302K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.114	−0.102%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	32.068	−0.244%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0154%	4h	32.108	−0.121%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.142	−0.015%	$581K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.034	−0.351%	$246K	$1.2M	25x	as long as short