VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h −0.026%

Price spread now: Extended against Phoenix−0.189%68s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as 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−$800.796% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 3 days (all we have)+0.214%+$21 · spread now −0.189%, 7d avg −0.046%

Together, before fees−0.088%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.143% cheaper against Phoenix than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.046%. 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	32.161	0.0098	pay 0.0012% / 1h	58m 08s	$56K	$293K	5x
Short	Extended VVV-USD	32.100	0.0104	get 0.0013% / 1h	58m 08s	$323K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.189%Rate

Funding earned: $1.16
Price spread: −0.189% → −0.046%: −$14.32
Slippage, 4 orders: −$67.58
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$92.74
Costs to cover: 0.796%
Break-even: 565.8 days

Slippage from Phoenix: live order book, 17 min ago; Extended: live order book, 5 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, 17 min ago	3.10 bp	19.7 bp −$20	65.2 bp −$652	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.77 bp	19.5 bp −$20	236.1 bp −$2,361	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
Polymarket Perps VVV-USD	−0.0308%	1h	32.058	−0.320%	$146K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.130	−0.096%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.119	−0.130%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.115	−0.144%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	32.046	−0.358%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.049%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.048	−0.352%	$393K	$605K	5x	as long as short
Lighter RH VVV	+0.0088%	1h	32.104	−0.177%	$477K	$1.6M	5x	as long as short
Lighter VVV	+0.0096%	1h	32.130	−0.097%	$2.3M	$5.5M	5x	as long as short
Phoenix VVVlong	+0.0098%	1h	32.161	long leg	$56K	$293K	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.114	−0.146%	$124K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.139	−0.068%	$74.4M	$56.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.104	−0.177%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.065	−0.298%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.121	−0.123%	$33.6M	$157.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.108	−0.165%	$39.4M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.117	−0.137%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.107	−0.168%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.114	−0.146%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.089	−0.224%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.113	−0.149%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.114	−0.146%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.148	−0.041%	$121K	$361K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.134	−0.083%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.118	−0.132%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.113	−0.149%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.099	−0.192%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.100	−0.189%	$323K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.104	−0.177%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	32.181	+0.062%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0142%	4h	32.054	−0.333%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0169%	1h	32.104	−0.176%	$616K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.233	+0.222%	$242K	$1.4M	25x	as long as short