VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0538%/8h= +58.9% APRnext payment +$0.67 per $10,000 · paid last 24h −0.005%

Price spread now: Phoenix against RISEx+0.015%110s7-day average +0.057% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.498% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.015%, 7d avg +0.057%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.042% cheaper against RISEx than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.057%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 4 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.126% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	31.029	−0.0329	get 0.0041% / 1h	15m 37s	$394K	$647K	5x
Short	Phoenix VVV	31.034	0.0209	get 0.0026% / 1h	15m 37s	$32K	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.015%Rate

Funding earned: $112.98
Price spread: +0.015% → +0.057%: −$4.22
Slippage, 4 orders: −$36.82
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $58.94
Costs to cover: 0.498%
Break-even: 3.3 days

Slippage from RISEx: live order book, 33 min ago; Phoenix: live order book, 30 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, 33 min ago	2.16 bp	5.2 bp −$5	22.6 bp −$226	doesn't fit	doesn't fit
Sell Phoenix live order book, 30 min ago	2.94 bp	19.8 bp −$20	57.5 bp −$575	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	31.029	long leg	$394K	$647K	5x
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−1.287%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.011	−0.059%	$86K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.028	−0.003%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.771%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.056	+0.086%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.060	+0.099%	$455K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.040	+0.035%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.017	−0.041%	$163K	$893K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.069	+0.128%	$70.0M	$47.9M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.075	+0.147%	$247K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.065	+0.117%	$183K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.074	+0.143%	$33.5M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.051	+0.069%	$38.5M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.051	+0.070%	$4.8M	$30.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.050	+0.067%	$10.9M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.066	+0.118%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.054	+0.080%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.044	+0.047%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.071	+0.134%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.009	−0.064%	$1.9M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.006	−0.075%	$116K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.018	−0.037%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.021	−0.027%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.055	+0.083%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.028	−0.004%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.053	+0.076%	$77K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.039	+0.031%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0121%	4h	31.101	+0.231%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0168%	8h	31.042	+0.041%	$83K	$5.5M	1.7x	as long as short
Phoenix VVVshort	+0.0209%	1h	31.034	+0.015%	$32K	$243K	5x
GMX VVV/USD [ETH-USDC]	L +0.0421% / S −0.0197%	1h	31.019	−0.032%	$496K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0430%	1h	31.066	+0.117%	$116K	$239K	5x	as long as short