VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h −0.049%

Price spread now: Coinbase International against Phoenix−0.034%72s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$910.915% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 3 days (all we have)−0.214%−$21 · spread now −0.034%, 7d avg −0.004%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.030% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.004%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.258%, so the current rate has only just turned in your favour. The two prices were read 72 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	Phoenix VVV	31.344	0	get 0.0000% / 1h	6m 02s	$42K	$289K	5x
Short	Coinbase International VVV-PERP-INTX	31.333	0.0208	get 0.0026% / 1h	6m 02s	$155K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.034%Rate

Funding earned: $43.68
Price spread: −0.034% → −0.004%: −$3.02
Slippage, 4 orders: −$74.48
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$50.82
Costs to cover: 0.915%
Break-even: 15.1 days

Slippage from Phoenix: live order book, 60 min ago; Coinbase International: 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, 60 min ago	3.13 bp	19.8 bp −$20	65.3 bp −$653	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	20.95 bp	25.9 bp −$26	32.4 bp −$324	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.334	−0.031%	$385K	$639K	5x	as long as short
Gate VVV_USDT	−0.0026%	4h	31.305	−0.124%	$10.5M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0021%	1h	31.320	−0.077%	$134K	$1.2M	3x	as long as short
Phoenix VVVlong	0.0000%	1h	31.344	long leg	$42K	$289K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.329	−0.047%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.331	−0.040%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.709%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.313	−0.098%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.315	−0.093%	$462K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.343	−0.003%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.345	+0.003%	$130K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.310	−0.108%	$72.2M	$53.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.345	+0.002%	$254K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.372	+0.091%	$187K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.312	−0.101%	$33.3M	$147.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.295	−0.158%	$38.4M	$50.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.308	−0.115%	$4.7M	$39.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.331	−0.041%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.347	+0.010%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.325	−0.061%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.329	−0.048%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.307	−0.118%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.317	−0.087%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.346	+0.006%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.325	−0.059%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.331	−0.041%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.228	−0.369%	$78K	$335K	10x	as long as short
Kalshi KXVVVPERP	+0.0110%	8h	31.375	+0.099%	$112K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.362	+0.057%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0124%	1h	31.316	−0.091%	$564K	—	100x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0208%	1h	31.333	−0.034%	$155K	$1.3M	25x
Backpack VVV_USDC_PERP	+0.0282%	1h	31.336	−0.026%	$121K	$315K	5x	as long as short