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 +0.026%

Price spread now: Binance against Phemex+0.051%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1131.131% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.051%, 7d avg 0.000%

Together, before fees−0.007%−$1 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: Binance is 0.051% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	32.087	0.0100	pay 0.0050% / 4h	3h 39m	$2.1M	$2.1M	50x
Short	Binance VVVUSDT	32.103	0.0100	get 0.0050% / 4h	3h 39m	$33.7M	$154.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.09
Slippage, 4 orders: −$91.07
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.98
Costs to cover: 1.131%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 4 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 Phemex live order book, 4 min ago	5.92 bp	42.5 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.16 bp	16.4 bp −$16	43.2 bp −$432	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	−0.0294%	1h	32.113	+0.081%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	32.020	−0.209%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.028	−0.183%	$394K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.113	+0.081%	$109K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	−0.009%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.110	+0.073%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.122	+0.110%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.284%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0076%	4h	32.048	−0.122%	$10.8M	$7.3M	25x	as long as short
Bybit VVVUSDT	+0.0079%	4h	32.123	+0.112%	$39.5M	$51.6M	20x	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	32.035	−0.164%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.038	−0.153%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.115	+0.087%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.173	+0.267%	$74.6M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.070	−0.052%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.088	+0.002%	$192K	$189K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	32.103	+0.051%	$33.7M	$154.8M	25x
OKX VVV-USDT-SWAP	+0.0100%	4h	32.151	+0.199%	$4.7M	$41.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.115	+0.087%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.108	+0.065%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.123	+0.112%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.060	−0.084%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.114	+0.083%	$124K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.093%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.100	+0.042%	$2K	$2K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	32.087	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.033	−0.169%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.040	−0.147%	$301K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.084	−0.011%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	32.068	−0.058%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0133%	4h	32.063	−0.075%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.106	+0.058%	$581K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.103	+0.051%	$247K	$1.3M	25x	as long as short