Funding arb · Price arb / Crypto

VVV

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LONGPhemex▾Coinbase International −0.0640%Deribit 0.0000%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%Polymarket Perps +0.0100%Derive +0.0100%Phemex +0.0100%Extended +0.0104%Aevo +0.0104%edgeX +0.0114%Kalshi +0.0125%Avantis +0.0146%Paradex +0.0151%Lighter RH +0.0336%BloFin +0.0340%Backpack +0.0350%Phoenix +0.0370%Lighter +0.0424%GMX +0.0445%gTrade (Gains Network) +0.0447%N1 +0.0504%RISEx +0.0826%Injective +0.5000%

⇄⇅

SHORTPerpl▾Injective +0.5000%RISEx +0.0826%gTrade (Gains Network) −0.0677%N1 +0.0504%Perpl +0.0447%Lighter +0.0424%Phoenix +0.0370%Backpack +0.0350%BloFin +0.0340%Lighter RH +0.0336%GMX −0.0205%Paradex +0.0151%Kalshi +0.0125%edgeX +0.0114%Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%Polymarket Perps +0.0100%Derive +0.0100%Nado +0.0100%Avantis −0.0010%Deribit 0.0000%Coinbase International −0.0640%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexVVVUSDT2	28.100	+0.0100	pay 0.0050% / 4h	58m 32s	$1.6M	$1.6M	50x	Long Phemex
SHORT	PerplVVV	28.105	+0.0447	get 0.0040% / 43m	30m 32s	$10K	$163K	3x	Short Perpl

Price gap+0.016%

Funding gap+0.0347% /8h

Funding trade: +$10 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.016% in total, about +0.0008%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.016%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PhemexPerpl

VVV on 35 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Perpl: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $3,333

  Phemex 50x, Perpl 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 43m

  Payments land at different times. Close right after the slower leg pays.

  Long Phemex · 4h−$3.00

  Short Perpl · 43m+$13.20

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$10.20Long Phemex: 6 payments, −$3.00; short Perpl: 33 payments, +$13.20.
• i
  Note: Gap at its usual level+0.016% vs +0.005%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$10K vs $1.6M OI

  Perpl sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legPerpl points

  Volume here counts toward the points program.
• !
  Watch: KYCPhemex Yes · Perpl No

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0008%/8h × 21 periods+$1.60

Price spread+0.016% → +0.005% (7d avg)+$1.15

Slippage, 4 ordersno data for Perpl—

Fee Phemex bp × 2 orders−$12.00

Fee Perpl bp × 2 orders−$6.90

Net, fees only · 7 days · $10k−$16.15

Costs to cover0.189%Break-even77.7 days

Slippage: Phemex: live order book, 5 min ago; Perpl: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPhemex3.7341.3 bp−$41153.3 bp−$1,533doesn’t fitdoesn’t fit

SELL · SHORTPerpl—————

Closing costs about the same again.
Perpl: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

VVV news

posts that mention VVV, from every exchangeSearch all news →

10-01 00:11	Derive	Token	September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗
09-23 15:23	Perpl	Listing	You can now trade $VVV with up to 3x leverage. For the next 24 hours, $1,000 in extra mPoints will be allocated to traders in proportion to their volume on the pair. @perpltrade on X ↗
09-23 15:22	Perpl	Listing	new market VVV ($VVV) seen by our collector
09-22 17:11	Avantis	Listing	new market VVV/USD ($VVV) seen by our collector
09-21 04:31	Bitget	Listing	$NEAR has surged over 80% in seven days after launching confidential-by-default perpetual futures. While $VVV is building privacy-focused AI that generates conversations and images without retaining user data. @bitget on X ↗
09-19 06:31	OKX	Listing	Trending this week on OKX: • Listed: $VVV & $PONS global Spot • New: 3 Tokenized Stocks & 10 X-Perps pairs • Added: $AEON to X Drops 🇺🇸 • Live: 10 new USDC Spot Margin pairs 🇪🇺 @okx on X ↗