Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h +0.051%

Price spread now: Phoenix against Paradex−0.115%46s7-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 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.115% cheaper against Paradex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	Paradex VVV-USD-PERP	31.904	0.0100	pay 0.0100% / 8h	7h 12m	$3K	$106	5x
Short	Phoenix VVV	31.867	0	get 0.0000% / 1h	12m 09s	$56K	$298K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$21
Price spread: −0.115% → 0.000%: −$11.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$43.55
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 58 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 Phoenix live order book, 58 min ago	3.13 bp	19.8 bp −$20	57.3 bp −$573	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
Polymarket Perps VVV-USD	−0.0243%	1h	31.896	−0.025%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0120%	4h	31.894	−0.031%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0022%	4h	31.945	+0.130%	$39.1M	$51.6M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.921	+0.054%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.905	+0.003%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.962	+0.182%	$112K	$6.5M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.867	−0.115%	$56K	$298K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.904	+0.001%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.911	+0.023%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.872%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0087%	4h	31.870	−0.106%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.910	+0.018%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.889	−0.046%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.908	+0.015%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.932	+0.088%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.918	+0.045%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.929	+0.079%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.960	+0.177%	$33.6M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.954	+0.157%	$4.7M	$41.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.924	+0.063%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.925	+0.066%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.899	−0.015%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.905	+0.004%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.933	+0.091%	$123K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.900	−0.013%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.913	+0.027%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.921	+0.054%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	31.904	long leg	$3K	$106	5x
edgeX VVVUSDC	+0.0102%	4h	31.936	+0.102%	$79K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.908	+0.014%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.900	−0.012%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.908	+0.012%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.903	−0.004%	$245K	$1.2M	25x	as long as short