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% APRpaid last 24h 0.000%

Price spread now: Paradex against Phemex−0.154%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.154% cheaper against Phemex than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.702	0.0100	pay 0.0050% / 4h	3h 50m	$2.0M	$2.1M	50x
Short	Paradex VVV-USD-PERP	30.655	0.0100	get 0.0100% / 8h	3h 50m	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$0.01
Price spread: −0.154% → 0.000%: −$15.35
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$31.36
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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	3.57 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0417%	1h	30.651	−0.167%	$376K	$643K	5x	as long as short
Polymarket Perps VVV-USD	−0.0141%	1h	30.696	−0.020%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.425%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.718	+0.052%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.660	−0.135%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.681	−0.067%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.899%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	30.669	−0.106%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.695	−0.023%	$449K	$1.6M	5x	as long as short
Gate VVV_USDT	+0.0098%	4h	30.674	−0.091%	$10.3M	$5.8M	25x	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-PERPshort	+0.0100%	8h	30.655	−0.154%	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	30.699	−0.008%	$141K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.689	−0.044%	$69.9M	$48.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.709	+0.022%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.692	−0.033%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.679	−0.075%	$32.9M	$127.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.659	−0.140%	$38.1M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.676	−0.085%	$4.8M	$32.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.682	−0.065%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.707	+0.016%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.689	−0.042%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.691	−0.036%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.667	−0.114%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.671	−0.100%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.702	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.665	−0.119%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.685	−0.056%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	30.775	+0.237%	$76K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	30.712	+0.033%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.789	+0.283%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0153%	4h	30.681	−0.068%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0261%	1h	30.699	−0.009%	$121K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.677	−0.080%	$538K	—	100x	as long as short