Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.042%

Price spread now: Aster against Phoenix−0.053%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.053%, 7d avg −0.038%

Together, before fees−0.114%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	30.774	0.0182	pay 0.0023% / 1h	31m 17s	$32K	$253K	5x
Short	Aster VVVUSDT	30.758	0.0100	get 0.0050% / 4h	31m 17s	$246K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$17.23
Price spread: −0.053% → −0.038%: −$1.49
Slippage, 4 orders: −$56.27
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$89.99
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from Phoenix: live order book, 24 min ago; Aster: live order book, 2 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 Phoenix live order book, 24 min ago	2.92 bp	19.9 bp −$20	65.3 bp −$653	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.73 bp	20.8 bp −$21	64.0 bp −$640	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
RISEx VVV/USDC	−0.0299%	1h	30.715	−0.193%	$377K	$626K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0128%	1h	30.711	−0.205%	$85K	$24K	10x	as long as short
Polymarket Perps VVV-USD	−0.0106%	1h	30.712	−0.201%	$128K	$1.2M	3x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.736	−0.124%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.727	−0.153%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.648%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0036%	4h	30.726	−0.156%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	−0.019%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.720	−0.176%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.737	−0.120%	$449K	$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	30.725	−0.161%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.718	−0.180%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.742	−0.104%	$70.1M	$49.3M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	30.758	−0.053%	$246K	$1.1M	10x
Pacifica VVV	+0.0100%	1h	30.749	−0.083%	$181K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.736	−0.123%	$32.8M	$130.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.719	−0.179%	$38.2M	$43.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.725	−0.159%	$4.8M	$33.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.742	−0.104%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.741	−0.107%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.717	−0.185%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.744	−0.097%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	−0.334%	$1.9M	$306K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.719	−0.180%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.722	−0.169%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.765	−0.029%	$76K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.716	−0.190%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.743	−0.100%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0153%	8h	30.754	−0.065%	$97K	$5.7M	1.7x	as long as short
BloFin VVV-USDT	+0.0155%	4h	30.720	−0.175%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0163%	1h	30.752	−0.071%	$119K	$253K	5x	as long as short
Phoenix VVVlong	+0.0182%	1h	30.774	long leg	$32K	$253K	5x
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.730	−0.144%	$539K	—	100x	as long as short