Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.090%

Price spread now: 01 Exchange against Phemex−0.120%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 01 Exchange

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.120% cheaper against Phemex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.700	0.0100	pay 0.0050% / 4h	1h 06m	$2.0M	$2.1M	50x
Short	01 Exchange VVVUSD	31.662	−0.0016	pay 0.0002% / 1h	6m 36s	$11K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.120%Rate

Funding earned: −$24.36
Price spread: −0.120% → 0.000%: −$11.99
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$55.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; 01 Exchange: 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	0.63 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.568	−0.415%	$188K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.642	−0.183%	$388K	$654K	5x	as long as short
01 Exchange VVVUSDshort	−0.0016%	1h	31.662	−0.120%	$11K	$2K	3x
Kalshi KXVVVPERP	0.0000%	8h	31.713	+0.041%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.718	+0.057%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.709	+0.028%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.533%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0041%	4h	31.736	+0.114%	$1.4M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.656	−0.138%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.656	−0.139%	$466K	$1.6M	5x	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-PERP	+0.0100%	8h	31.654	−0.144%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.663	−0.115%	$143K	$924K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.713	+0.041%	$71.0M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.696	−0.014%	$251K	$948K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.676	−0.076%	$187K	$126K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.696	−0.012%	$34.1M	$118.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.660	−0.126%	$38.7M	$40.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.674	−0.082%	$4.9M	$30.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.630	−0.221%	$11.5M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.686	−0.044%	$7.0M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.690	−0.032%	$1.7M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.661	−0.123%	$5.8M	$6.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.658	−0.132%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.568	−0.416%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.658	−0.132%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.672	−0.090%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.700	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.661	−0.122%	$303K	$1.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.736	+0.114%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.614	−0.271%	$79K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.632	−0.215%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0425%	1h	31.721	+0.068%	$156K	$269K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.706	+0.020%	$510K	—	100x	as long as short