VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.060%

Price spread now: Deribit against Phoenix+0.255%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.473%−$47 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.255% dearer against Phoenix than usual: you sell high and buy low (spread +0.255% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.473% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	31.381	0.0077	pay 0.0010% / 1h	35m 17s	$55K	$292K	5x
Short	Deribit VVV_USDC-PERPETUAL	31.461	0	get 0.0000% / 1h	35m 17s	$90K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.255%Rate

Funding earned: −$16.18
Price spread: +0.255% → 0.000%: $25.49
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.68
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 49 min ago; Deribit: 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 Phoenix live order book, 49 min ago	2.87 bp	19.9 bp −$20	65.5 bp −$655	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
01 Exchange VVVUSD	−0.0016%	1h	31.481	+0.319%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.469	+0.280%	$117K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.461	+0.255%	$90K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.471	+0.288%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.586%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0054%	1h	31.448	+0.214%	$134K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0064%	4h	31.437	+0.178%	$1.3M	$1.7M	25x	as long as short
Phoenix VVVlong	+0.0077%	1h	31.381	long leg	$55K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.471	+0.288%	$386K	$571K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.483	+0.326%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.478	+0.309%	$467K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.477	+0.304%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.506	+0.398%	$71.8M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.494	+0.360%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.483	+0.324%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.479	+0.312%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.454	+0.233%	$38.8M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.488	+0.341%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.468	+0.277%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.479	+0.312%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.461	+0.255%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.467	+0.274%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.481	+0.319%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.438	+0.183%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.456	+0.239%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.408	+0.086%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.458	+0.246%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.466	+0.272%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.462	+0.258%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.380	−0.003%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0194%	1h	31.463	+0.261%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.480	+0.317%	$188K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.465	+0.267%	$538K	—	100x	as long as short