VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0257%/8h= +28.1% APRnext payment +$0.32 per $10,000 · paid last 24h +0.053%

Price spread now: Phoenix against Polymarket Perps+0.019%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.459%+$46 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.019%, 7d avg +0.042%

Together, before fees+0.386%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.042%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	31.890	−0.0257	get 0.0032% / 1h	16m 39s	$146K	$1.2M	3x
Short	Phoenix VVV	31.896	0	get 0.0000% / 1h	16m 39s	$56K	$298K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.019%Rate

Funding earned: $53.98
Price spread: +0.019% → +0.042%: −$2.28
Slippage, 4 orders: −$40.26
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$3.56
Costs to cover: 0.553%
Break-even: 7.5 days

Slippage from Polymarket Perps: live order book, 2 min ago; Phoenix: live order book, 54 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 Polymarket Perps live order book, 2 min ago	2.51 bp	9.2 bp −$9	9.5 bp −$95	doesn't fit	doesn't fit
Sell Phoenix live order book, 54 min ago	3.13 bp	19.8 bp −$20	57.3 bp −$573	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-USDlong	−0.0257%	1h	31.890	long leg	$146K	$1.2M	3x
Gate VVV_USDT	−0.0086%	4h	31.913	+0.072%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0066%	4h	31.927	+0.118%	$39.1M	$51.5M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.929	+0.122%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.904	+0.044%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.931	+0.129%	$110K	$6.5M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.896	+0.019%	$56K	$298K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.914	+0.075%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.922	+0.099%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.916%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.912	+0.068%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.904	+0.044%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.914	+0.077%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.932	+0.132%	$74.2M	$55.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.921	+0.097%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.955	+0.205%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.925	+0.111%	$33.6M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.916	+0.082%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.936	+0.144%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.929	+0.122%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.936	+0.144%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.923	+0.103%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.977	+0.273%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.026	+0.427%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.914	+0.077%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.938	+0.151%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.908	+0.055%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.903	+0.040%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.931	+0.127%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	32.008	+0.370%	$80K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0129%	4h	31.965	+0.235%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.909	+0.059%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.090	+0.629%	$247K	$1.3M	25x	as long as short