Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against Phemex−0.145%7-day average −0.074% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now −0.145%, 7d avg −0.074%

Together, before fees−0.163%+ Points / potential airdropVariational Omni: Active · farm board−$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: Variational Omni is 0.071% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.916	0.0100	pay 0.0050% / 4h	6m 15s	$2.1M	$2.1M	50x
Short	Variational Omni VVV	31.870	0.0100	get 0.0050% / 4h	6m 15s	$2.1M	$183K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.074%: −$7.1
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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	3.13 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.89 bp	doesn't fit	44.5 bp −$445	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
Deribit VVV_USDC-PERPETUAL	−0.0133%	1h	31.881	−0.110%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0037%	1h	31.860	−0.175%	$145K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.883	−0.103%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.981	+0.204%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.900	−0.050%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.832%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.887	−0.090%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.900	−0.050%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.893	−0.072%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.887	−0.089%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.931	+0.047%	$74.1M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.904	−0.036%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.915	−0.005%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.919	+0.009%	$33.5M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.899	−0.053%	$39.1M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.899	−0.053%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.915	−0.003%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.897	−0.060%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.909	−0.022%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.882	−0.107%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.913	−0.009%	—	$5.5M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.870	−0.145%	$2.1M	$183K	—
Derive VVV-PERP	+0.0100%	1h	31.897	−0.061%	$2K	$2K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.916	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.893	−0.073%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.875	−0.128%	$300K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.896	−0.061%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	31.934	+0.056%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.888	−0.086%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0119%	1h	31.927	+0.034%	$124K	$348K	5x	as long as short
Phoenix VVV	+0.0124%	1h	31.884	−0.100%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.887	−0.090%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.133%	$242K	$1.3M	25x	as long as short