VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h −0.002%

Price spread now: Injective against Phoenix+4.586%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 Injective

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

The price spread pays, funding is against you. Injective is 4.586% dearer against Phoenix than usual: you sell high and buy low (spread +4.586% now, against zero (this spread has no 7-day history yet)): +$459 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 months.

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 57s	$55K	$292K	5x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	35m 57s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.586%Rate

Funding earned: −$9.18
Price spread: +4.586% → 0.000%: $458.56
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $442.36
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 49 min ago; Injective: 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 Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0068%	1h	31.427	+0.148%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.478	+0.309%	$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
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.451	+0.221%	$18K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+4.586%	$2K	$1K	5.5x
Polymarket Perps VVV-USD	+0.0054%	1h	31.449	+0.217%	$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	31.452	+0.226%	$385K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.441	+0.192%	$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	31.423	+0.134%	$464K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.449	+0.218%	$144K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.476	+0.303%	$71.8M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.460	+0.252%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.469	+0.280%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.478	+0.310%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.470	+0.284%	$38.8M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.478	+0.309%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.474	+0.296%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.480	+0.315%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.464	+0.264%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.460	+0.252%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.482	+0.322%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.327	−0.172%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.444	+0.201%	$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	31.450	+0.221%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.469	+0.279%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.464	+0.265%	$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	31.447	+0.211%	$538K	—	100x	as long as short