VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h +0.034%

Price spread now: RISEx against Phoenix−0.103%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.103%, 7d avg −0.035%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.068% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.035%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	32.269	0.0098	pay 0.0012% / 1h	28m 44s	$56K	$294K	5x
Short	RISEx VVV/USDC	32.236	0.0175	get 0.0022% / 1h	28m 44s	$396K	$601K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.103%Rate

Funding earned: $16.09
Price spread: −0.103% → −0.035%: −$6.83
Slippage, 4 orders: −$36.47
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$40.21
Costs to cover: 0.495%
Break-even: 24.5 days

Slippage from Phoenix: live order book, 52 min ago; RISEx: live order book, 55 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, 52 min ago	3.12 bp	19.7 bp −$20	65.2 bp −$652	doesn't fit	doesn't fit
Sell RISEx live order book, 55 min ago	1.91 bp	5.0 bp −$5	doesn't fit	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.260	−0.028%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.267	−0.006%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.708%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	32.261	−0.025%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.359	+0.280%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.336	+0.208%	$481K	$1.6M	5x	as long as short
Phoenix VVVlong	+0.0098%	1h	32.269	long leg	$56K	$294K	5x
Nado VVV-PERP	+0.0100%	1h	32.242	−0.082%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.288	+0.060%	$267K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.219	−0.153%	$185K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.321	+0.162%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.317	+0.150%	$39.8M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.347	+0.242%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.319	+0.155%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.323	+0.167%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.318	+0.152%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.324	+0.170%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.347	+0.242%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.330	+0.190%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.239	−0.093%	$130K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.253	−0.049%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.289	+0.062%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.210	−0.183%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.329	+0.185%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.256	−0.039%	$6K	$13K	3x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	32.236	−0.102%	$104K	$6.9M	1.7x	as long as short
edgeX VVVUSDC	+0.0110%	4h	32.442	+0.537%	$81K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.341	+0.224%	$192K	$1.2M	25x	as long as short
RISEx VVV/USDCshort	+0.0175%	1h	32.236	−0.103%	$396K	$601K	5x
GMX VVV/USD [ETH-USDC]	L +0.0188% / S +0.0166%	1h	32.257	−0.038%	$620K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0278%	1h	32.340	+0.220%	$122K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0456%	1h	32.255	−0.043%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0544%	1h	32.376	+0.332%	$75.3M	$55.8M	3x	as long as short