Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0429%/8h= +47.0% APRpaid last 24h −0.043%

Price spread now: Phemex against RISEx−0.175%7-day average +0.042% · 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−$135as in the Price arb table

costs, in and out, $10k−$1131.135% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.334%−$33 on $10k

Price spread, last 4 days (all we have)+0.286%+$29 · spread now −0.175%, 7d avg +0.042%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.217% cheaper against RISEx than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.042%). If the spread goes back, that is −$22 on $10k: about 40 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 4 days funding on this pair cost −0.334%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	30.725	−0.0329	get 0.0041% / 1h	35m 24s	$381K	$648K	5x
Short	Phemex VVVUSDT	30.671	0.0100	get 0.0050% / 4h	2h 35m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now −0.175%Rate

Funding earned: $90.18
Price spread: −0.175% → +0.042%: −$21.72
Slippage, 4 orders: −$95.46
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45
Costs to cover: 1.135%
Break-even: 10.5 days

Slippage from RISEx: live order book, 13 min ago; Phemex: live order book, 3 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 RISEx live order book, 13 min ago	2.16 bp	5.2 bp −$5	22.6 bp −$226	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.98 bp	59.0 bp −$59	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
RISEx VVV/USDClong	−0.0329%	1h	30.725	long leg	$381K	$648K	5x
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.309%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.732	+0.025%	$22K	—	150x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0011%	1h	30.656	−0.223%	$85K	$22K	10x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.819%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	30.626	−0.322%	$1.3M	$1.5M	25x	as long as short
Polymarket Perps VVV-USD	+0.0071%	1h	30.728	+0.010%	$117K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.754	+0.095%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.684	−0.133%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.696	−0.094%	$447K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.717	−0.027%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.752	+0.090%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.759	+0.111%	$69.3M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.731	+0.021%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.721	−0.013%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.757	+0.106%	$33.1M	$121.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.739	+0.048%	$38.1M	$41.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.736	+0.036%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.695	−0.097%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.753	+0.092%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.704	−0.068%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.731	+0.020%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.755	+0.098%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.640	−0.277%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.645	−0.260%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.671	−0.175%	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0103%	4h	30.612	−0.366%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.709	−0.053%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.651	−0.242%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0201%	8h	30.660	−0.211%	$93K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.579	−0.475%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0399%	1h	30.687	−0.124%	$120K	$239K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0176%	1h	30.742	+0.056%	$536K	—	100x	as long as short