Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Polymarket Perps against Phemex−0.031%46s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.020% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.031%, 7d avg −0.052%

Together, before fees−0.161%−$16 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: Polymarket Perps is 0.021% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.052%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	32.192	0.0100	pay 0.0050% / 4h	1h 09m	$2.1M	$2.1M	50x
Short	Polymarket Perps VVV-USD	32.182	0.0100	get 0.0013% / 1h	9m 21s	$141K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.052%: $2.11
Slippage, 4 orders: −$81.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$99.87
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Polymarket Perps: 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	5.12 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.33 bp	6.3 bp −$6	7.0 bp −$70	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
Kalshi KXVVVPERP	0.0000%	8h	32.188	−0.012%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.194	+0.005%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.199	+0.021%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.951%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.198	+0.018%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.181	−0.034%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.243	+0.158%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.182	−0.030%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.197	+0.017%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.190	−0.006%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.199	+0.021%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.185	−0.020%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.194	+0.006%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.199	+0.022%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.199	+0.022%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.186	−0.019%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.191	−0.003%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.199	+0.022%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.017%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USDshort	+0.0100%	1h	32.182	−0.031%	$141K	$1.2M	3x
Derive VVV-PERP	+0.0100%	1h	32.196	+0.011%	$1K	$1K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	32.192	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.191	−0.003%	$3K	$106	5x	as long as short
BloFin VVV-USDT	+0.0102%	4h	32.211	+0.059%	$1.3M	$1.8M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	32.178	−0.044%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.188	−0.013%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.198	+0.019%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.193	+0.004%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.189	−0.009%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.196	+0.012%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0218%	1h	32.227	+0.109%	$122K	$368K	5x	as long as short
Hyperliquid VVV	+0.0252%	1h	32.228	+0.112%	$74.8M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	32.199	+0.022%	$12K	$3K	3x	as long as short