Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 27.592 | +0.0342 | pay 0.0043% / 1h | 17m 50s | $112K | $236K | 5x | Long Phoenix | |
| SHORT | 27.586 | 0 | 0.0000% / 43m | 20m 50s | $8K | $194K | 3x | Short Perpl |
Price gap−0.021%61s
Funding gap−0.0342% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 19 hours.
The two prices were read 61 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$135−0.0342% /8h now · paid −1.347% over the last 7D
Price—spread −0.021%61s now · prices read too far apart to compare
Costsno datano order book for Perpl
Result, before costs—+ Points / potential airdropPerpl: points · farm boardneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.021%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hVVV on 34 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Perpl: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $3,333Phoenix 5x, Perpl 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 43mPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.27Long Phoenix: 24 payments, −$10.27; short Perpl: 34 payments, $0.00.
- Watch: Prices read 61 s apart−0.021% vs −0.104%Part of this gap may be the market moving.
- Watch: Short leg is thinner$8K vs $112K OIPerpl sets your exit cost. Check its book before closing.
- OK: Points on a legPerpl pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Perpl NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0642%/8h × 21 periods−$134.72
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Perpl—
Fee Phoenix bp × 2 orders−$7.00
Fee Perpl bp × 2 orders−$6.90
Net, fees only · 7 days · $10k−$148.62
price spread not counted: prices read too far apartCosts to cover0.139%Break-evennever at this rate
Slippage: Phoenix: live order book, 38 min ago; Perpl: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.8619.9 bp−$2065.6 bp−$656doesn’t fitdoesn’t fit
SELL · SHORTPerpl—————
Closing costs about the same again.
Perpl: no data.
| 09-23 15:23 | Perpl | Listing | You can now trade $VVV with up to 3x leverage. For the next 24 hours, $1,000 in extra mPoints will be allocated to traders in proportion to their volume on the pair. @perpltrade on X ↗ |
| 09-23 15:22 | Perpl | Listing | new market VVV ($VVV) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market VVV/USD ($VVV) seen by our collector |
| 09-21 04:31 | Bitget | Listing | $NEAR has surged over 80% in seven days after launching confidential-by-default perpetual futures. While $VVV is building privacy-focused AI that generates conversations and images without retaining user data. @bitget on X ↗ |
| 09-19 06:31 | OKX | Listing | Trending this week on OKX: • Listed: $VVV & $PONS global Spot • New: 3 Tokenized Stocks & 10 X-Perps pairs • Added: $AEON to X Drops 🇺🇸 • Live: 10 new USDC Spot Margin pairs 🇪🇺 @okx on X ↗ |
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