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 0.000%

Price spread now: Phemex against OKX+0.038%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1241.239% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.038%, 7d avg +0.047%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.637	0.0100	pay 0.0050% / 4h	2h 23m	$4.7M	$39.9M	20x
Short	Phemex VVVUSDT	31.649	0.0100	get 0.0050% / 4h	2h 23m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.047%: −$0.89
Slippage, 4 orders: −$101.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$124.75
Costs to cover: 1.239%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	0.95 bp	18.1 bp −$18	92.2 bp −$922	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	6.59 bp	46.2 bp −$46	doesn't fit	doesn't fit	doesn't fit

VVV on 32 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
RISEx VVV/USDC	−0.0111%	1h	31.627	−0.030%	$388K	$631K	5x	as long as short
Gate VVV_USDT	−0.0052%	4h	31.620	−0.054%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0038%	1h	31.630	−0.022%	$135K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.688	+0.161%	$119K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.792	+0.490%	$48K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.604	−0.106%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.608	−0.093%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.739%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.626	−0.036%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.609	−0.089%	$467K	$1.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange VVVUSD	+0.0096%	1h	31.659	+0.070%	$11K	$3K	3x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.671	+0.107%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.657	+0.062%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.647	+0.032%	$73.0M	$53.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.657	+0.062%	$257K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.696	+0.186%	$189K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.641	+0.012%	$33.6M	$149.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.613	−0.077%	$38.7M	$50.6M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.637	long leg	$4.7M	$39.9M	20x
MEXC VVV_USDT	+0.0100%	4h	31.640	+0.009%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.663	+0.082%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.608	−0.092%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.631	−0.019%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.714	+0.244%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.601	−0.114%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.649	+0.038%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.615	−0.071%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.642	+0.017%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.796	+0.502%	$79K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.604	−0.103%	$572K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.711	+0.233%	$232K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0282%	1h	31.649	+0.038%	$122K	$317K	5x	as long as short