Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: MEXC against Phemex−0.020%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.020%, 7d avg −0.001%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.652	0.0100	pay 0.0050% / 4h	2h 55m	$2.0M	$2.1M	50x
Short	MEXC VVV_USDT	30.646	0.0100	get 0.0050% / 4h	2h 55m	$6.3M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.001%: −$1.82
Slippage, 4 orders: −$90.41
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$104.23
Costs to cover: 1.024%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 3 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	0.65 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.65 bp	5.0 bp −$5	57.2 bp −$572	287.5 bp −$28.8K	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	−0.0329%	1h	30.610	−0.136%	$378K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.723	+0.232%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.642	−0.033%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.618	−0.111%	$21K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0022%	1h	30.622	−0.098%	$118K	$1.4M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.073%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.628	−0.078%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0081%	4h	30.675	+0.075%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.650	−0.006%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.659	+0.023%	$447K	$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	30.622	−0.097%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.666	+0.044%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.688	+0.117%	$69.2M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.640	−0.039%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.656	+0.012%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.640	−0.040%	$33.0M	$124.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.609	−0.140%	$37.9M	$42.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.621	−0.101%	$4.8M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.625	−0.088%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	30.646	−0.020%	$6.3M	$5.7M	50x
KuCoin VVVUSDTM	+0.0100%	4h	30.666	+0.046%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.672	+0.065%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.624	−0.091%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.690	+0.123%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.635	−0.056%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.652	long leg	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0104%	4h	30.752	+0.328%	$76K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.671	+0.062%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.654	+0.007%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.686	+0.111%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0276%	8h	30.679	+0.088%	$95K	$5.6M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.624	−0.092%	$534K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0465%	1h	30.688	+0.116%	$119K	$240K	5x	as long as short