VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h +0.032%

Price spread now: BloFin against Phemex+0.167%59s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1191.193% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.167%, 7d avg +0.002%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.166% dearer against Phemex than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.002%): +$17 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you. The two prices were read 59 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	Phemex VVVUSDT	31.683	0.0100	pay 0.0050% / 4h	1h 06m	$2.0M	$2.1M	50x
Short	BloFin VVV-USDT	31.736	0.0041	get 0.0021% / 4h	1h 06m	$1.4M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$12.32
Price spread: +0.167% → +0.002%: $16.56
Slippage, 4 orders: −$95.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$115.1
Costs to cover: 1.193%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago	0.63 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.16 bp	12.6 bp −$13	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.568	−0.362%	$188K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.642	−0.130%	$388K	$654K	5x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.662	−0.066%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.713	+0.095%	$92K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.682	−0.003%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.589%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDTshort	+0.0041%	4h	31.736	+0.167%	$1.4M	$1.5M	25x
Deribit VVV_USDC-PERPETUAL	+0.0056%	1h	31.698	+0.048%	$88K	$22K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.683	0.000%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.656	−0.085%	$466K	$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-PERP	+0.0100%	8h	31.654	−0.090%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.663	−0.062%	$143K	$924K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.713	+0.095%	$71.0M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.710	+0.085%	$251K	$948K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.676	−0.023%	$187K	$126K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.704	+0.065%	$34.1M	$118.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.673	−0.033%	$38.7M	$40.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.687	+0.013%	$4.9M	$30.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.662	−0.066%	$11.5M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.678	−0.016%	$7.0M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.696	+0.041%	$1.7M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.667	−0.051%	$5.8M	$6.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.680	−0.009%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.568	−0.362%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.658	−0.079%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.672	−0.036%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.683	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.691	+0.024%	$303K	$1.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	+0.047%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.614	−0.217%	$79K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.632	−0.161%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0425%	1h	31.721	+0.121%	$156K	$269K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.706	+0.074%	$510K	—	100x	as long as short