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 0.000%

Price spread now: OKX against Phemex−0.066%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1061.065% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.066%, 7d avg −0.043%

Together, before fees+0.097%+$10 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: OKX is 0.023% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.723	0.0100	pay 0.0050% / 4h	40m 30s	$2.0M	$2.1M	50x
Short	OKX VVV-USDT-SWAP	31.702	0.0100	get 0.0050% / 4h	40m 30s	$4.9M	$28.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.043%: −$2.34
Slippage, 4 orders: −$84.49
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$108.83
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; OKX: 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	0.95 bp	35.2 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.26 bp	11.8 bp −$12	73.5 bp −$735	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	31.689	−0.106%	$389K	$660K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.520	−0.638%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.776	+0.167%	$93K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.736	+0.042%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.751	+0.088%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.458%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0093%	4h	31.774	+0.161%	$1.4M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.705	−0.056%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.706	−0.054%	$466K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.711	−0.037%	$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	31.718	−0.017%	$163K	$944K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.755	+0.101%	$71.1M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.727	+0.013%	$251K	$661K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.735	+0.037%	$187K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.726	+0.009%	$33.9M	$114.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.704	−0.060%	$38.7M	$40.3M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.702	−0.066%	$4.9M	$28.8M	20x
Gate VVV_USDT	+0.0100%	4h	31.688	−0.110%	$11.6M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.723	0.000%	$7.0M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.710	−0.041%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.715	−0.025%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.726	+0.009%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.709	−0.045%	$2.0M	$356K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.704	−0.060%	$123K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.731	+0.026%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.723	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.709	−0.043%	$304K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.743	+0.062%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.632	−0.287%	$79K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0168%	1h	31.723	0.000%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.640	−0.262%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0210%	1h	31.761	+0.119%	$510K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0455%	1h	31.788	+0.206%	$164K	$274K	5x	as long as short