Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against Variational Omni+0.258%7-day average +0.085% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now +0.258%, 7d avg +0.085%

Together, before fees+0.154%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.173% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	31.327	0.0100	pay 0.0050% / 4h	2h 35m	$2.1M	$184K	—
Short	Phemex VVVUSDT	31.408	0.0100	get 0.0050% / 4h	2h 35m	$2.1M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. 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 Variational OmnibpFee PhemexbpOrdersPrice spread, now +0.258%Rate

Funding earned: $0
Price spread: +0.258% → +0.085%: $17.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $5.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phemex: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 4 min ago	3.35 bp	doesn't fit	72.6 bp −$726	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.43 bp	35.3 bp −$35	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	−0.0068%	1h	31.427	+0.320%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.481	+0.491%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.469	+0.453%	$117K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.451	+0.394%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.765%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0054%	1h	31.448	+0.386%	$134K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0064%	4h	31.437	+0.351%	$1.3M	$1.7M	25x	as long as short
Phoenix VVV	+0.0077%	1h	31.381	+0.172%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.471	+0.460%	$386K	$571K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.483	+0.498%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.478	+0.482%	$467K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.477	+0.477%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.512	+0.590%	$71.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.494	+0.533%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.483	+0.496%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.477	+0.478%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.465	+0.440%	$38.8M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.488	+0.513%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.466	+0.443%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.480	+0.488%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.448	+0.386%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.467	+0.446%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.472	+0.462%	—	$5.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.327	long leg	$2.1M	$184K	—
Derive VVV-PERP	+0.0100%	1h	31.444	+0.373%	$1K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.408	+0.258%	$2.1M	$2.0M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.458	+0.418%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.473	+0.465%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.464	+0.437%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.380	+0.169%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0194%	1h	31.463	+0.434%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.480	+0.489%	$188K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.447	+0.384%	$538K	—	100x	as long as short