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% APRpaid last 24h 0.000%

Price spread now: Phemex against Paradex−0.046%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Phemex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.046% cheaper against Paradex than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	30.752	0.0100	pay 0.0100% / 8h	4h 43m	$3K	$73	5x
Short	Phemex VVVUSDT	30.738	0.0100	get 0.0050% / 4h	43m 20s	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Paradex. 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 ParadexbpFee PhemexbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0.01
Price spread: −0.046% → 0.000%: −$4.59
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.57
Costs to cover: 0.160%
Break-even: 10073.4 days

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	12.42 bp	73.6 bp −$74	doesn't fit	doesn't fit	doesn't fit

Paradex: 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
RISEx VVV/USDC	−0.0299%	1h	30.721	−0.101%	$377K	$634K	5x	as long as short
Polymarket Perps VVV-USD	−0.0089%	1h	30.722	−0.098%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.718	−0.111%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.732	−0.067%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0030%	4h	30.728	−0.078%	$10.3M	$5.9M	25x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.752	0.000%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.724%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.533	−0.711%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.714	−0.123%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.787	+0.113%	$450K	$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
Paradex VVV-USD-PERPlong	+0.0100%	8h	30.752	long leg	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	30.728	−0.077%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.727	−0.082%	$70.1M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.767	+0.048%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.786	+0.112%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.733	−0.062%	$32.7M	$132.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.729	−0.075%	$38.2M	$44.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.744	−0.026%	$4.8M	$34.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.744	−0.026%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.752	0.000%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.707	−0.147%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.728	−0.078%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.454%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.719	−0.107%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.738	−0.046%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.721	−0.103%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.779	+0.089%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	30.603	−0.486%	$76K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0133%	4h	30.723	−0.095%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0160%	8h	30.766	+0.045%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.720	−0.106%	$554K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.622	−0.423%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0266%	1h	30.786	+0.110%	$120K	$258K	5x	as long as short