VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.057%

Price spread now: Derive against Phoenix−0.672%68s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Derive

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

Funding pays, the price is against you. Derive is 0.672% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.672% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 68 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	31.296	0.0077	pay 0.0010% / 1h	51m 53s	$55K	$292K	5x
Short	Derive VVV-PERP	31.086	0.0100	get 0.0013% / 1h	51m 53s	$1K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.672%Rate

Funding earned: $4.82
Price spread: −0.672% → 0.000%: −$67.23
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$75.41
Costs to cover: 0.130%
Break-even: 116.4 days

Slippage unknown: Phoenix: live order book, 33 min ago; Derive: 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, 33 min ago	2.87 bp	19.9 bp −$20	65.5 bp −$655	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Deribit VVV_USDC-PERPETUAL	−0.0001%	1h	31.081	−0.686%	$89K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	30.976	−1.022%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.076	−0.703%	$104K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.089	−0.660%	$18K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0025%	1h	31.050	−0.786%	$132K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.870%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0076%	4h	31.067	−0.732%	$10.5M	$7.6M	25x	as long as short
Phoenix VVVlong	+0.0077%	1h	31.296	long leg	$55K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.044	−0.805%	$380K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.091	−0.654%	$2.1M	$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	31.078	−0.697%	$458K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.055	−0.768%	$143K	$778K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.117	−0.572%	$70.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.090	−0.658%	$273K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.074	−0.708%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.091	−0.655%	$32.9M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.070	−0.722%	$38.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.090	−0.658%	$4.6M	$40.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.091	−0.655%	$16.7M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.081	−0.687%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.069	−0.725%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.084	−0.677%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.220	−0.242%	$2.1M	$184K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.086	−0.672%	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	31.089	−0.661%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.051	−0.782%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.088	−0.664%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.073	−0.711%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.279	−0.056%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0134%	1h	31.109	−0.596%	$117K	$380K	5x	as long as short
BloFin VVV-USDT	+0.0141%	4h	31.074	−0.709%	$1.3M	$1.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.550%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0204%	1h	31.077	−0.701%	$519K	—	100x	as long as short