Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.015%

Price spread now: Extended against Phemex−0.060%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1251.248% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.060%, 7d avg −0.050%

Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.450	0.0100	pay 0.0050% / 4h	3h 59m	$2.0M	$2.1M	50x
Short	Extended VVV-USD	31.431	0.0104	get 0.0013% / 1h	59m 51s	$298K	$1.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0.84
Price spread: −0.060% → −0.050%: −$1.03
Slippage, 4 orders: −$107.77
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$124.96
Costs to cover: 1.248%
Break-even: 1048.3 days

Slippage from Phemex: live order book, 4 min ago; Extended: 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	1.59 bp	40.8 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.12 bp	19.3 bp −$19	236.2 bp −$2,362	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	−0.0337%	1h	31.413	−0.117%	$385K	$669K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0052%	1h	31.422	−0.090%	$87K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.592	+0.452%	$188K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.461	+0.035%	$93K	$5.3M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.433	−0.052%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.356%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0084%	4h	31.414	−0.114%	$11.8M	$5.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.428	−0.071%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.436	−0.045%	$463K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.423	−0.085%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.430	−0.062%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.483	+0.104%	$70.2M	$44.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.447	−0.010%	$249K	$548K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.429	−0.066%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.446	−0.012%	$33.5M	$111.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.441	−0.028%	$38.4M	$39.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.451	+0.003%	$4.8M	$27.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.443	−0.022%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.418	−0.102%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.424	−0.083%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.454	+0.013%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.421	−0.093%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.434	−0.051%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.411	−0.124%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.450	long leg	$2.0M	$2.1M	50x
Extended VVV-USDshort	+0.0104%	1h	31.431	−0.060%	$298K	$1.9M	5x
Aevo VVV-PERP	+0.0104%	1h	31.436	−0.046%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	31.458	+0.026%	$78K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.419	−0.099%	$1.3M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	31.434	−0.051%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.454	+0.013%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0215%	1h	31.428	−0.071%	$505K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0514%	1h	31.469	+0.061%	$160K	$269K	5x	as long as short