VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.029%

Price spread now: edgeX against Phemex+0.064%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1591.593% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.498%−$50 · spread now +0.064%, 7d avg +0.008%

Together, before fees−0.417%+ Points / potential airdropedgeX: Active · farm board−$42 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: edgeX is 0.057% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.824	0.0100	pay 0.0050% / 4h	25m 19s	$2.0M	$2.1M	50x
Short	edgeX VVVUSDC	30.844	0.0107	get 0.0054% / 4h	25m 19s	$77K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $1.54
Price spread: +0.064% → +0.008%: $5.68
Slippage, 4 orders: −$138.26
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$152.04
Costs to cover: 1.593%
Break-even: 699.3 days

Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 33 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, 3 min ago	1.95 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	0.81 bp	41.3 bp −$41	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
RISEx VVV/USDC	−0.0299%	1h	30.801	−0.075%	$378K	$625K	5x	as long as short
Polymarket Perps VVV-USD	−0.0101%	1h	30.812	−0.039%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.827	+0.010%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.830	+0.019%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.819	−0.016%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.475%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0034%	4h	30.816	−0.026%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	+0.149%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0088%	4h	30.836	+0.039%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.817	−0.022%	$2.1M	$5.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.830	+0.019%	$450K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.801	−0.074%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.846	+0.071%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.841	+0.055%	$70.3M	$49.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.840	+0.052%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.846	+0.070%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.838	+0.044%	$33.0M	$130.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.824	0.000%	$38.4M	$43.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.828	+0.013%	$4.8M	$33.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.850	+0.084%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.832	+0.026%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.814	−0.032%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.827	+0.010%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.801	−0.074%	$1.9M	$290K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.821	−0.009%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.824	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.823	−0.004%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.838	+0.044%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0107%	4h	30.844	+0.064%	$77K	$332K	10x
Backpack VVV_USDC_PERP	+0.0128%	1h	30.845	+0.067%	$120K	$253K	5x	as long as short
Kalshi KXVVVPERP	+0.0150%	8h	30.836	+0.039%	$101K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.844	+0.065%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.820	−0.014%	$540K	—	100x	as long as short