Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.120%

Price spread now: Phemex against 01 Exchange+0.081%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.081% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange VVVUSD	32.187	0.0312	pay 0.0039% / 1h	10m 23s	$12K	$3K	3x
Short	Phemex VVVUSDT	32.213	0.0100	get 0.0050% / 4h	1h 10m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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 01 ExchangebpFee PhemexbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$44.52
Price spread: +0.081% → 0.000%: $8.08
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.44
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	5.12 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kalshi KXVVVPERP	0.0000%	8h	32.245	+0.180%	$108K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.204	+0.052%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.197	+0.031%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.967%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.234	+0.147%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.203	+0.050%	$479K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.317	+0.404%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.208	+0.067%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.200	+0.040%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.239	+0.160%	$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	32.192	+0.016%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.187	0.000%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.194	+0.022%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.208	+0.065%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.198	+0.034%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.204	+0.053%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.195	+0.025%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.193	+0.019%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.172	−0.045%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.177	−0.031%	$141K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.211	+0.074%	$1K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.213	+0.081%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.216	+0.089%	$3K	$106	5x	as long as short
BloFin VVV-USDT	+0.0102%	4h	32.211	+0.075%	$1.3M	$1.8M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	32.196	+0.029%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.209	+0.068%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	32.237	+0.157%	$80K	$331K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.228	+0.128%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.186	−0.004%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.191	+0.013%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0221%	1h	32.226	+0.122%	$122K	$370K	5x	as long as short
Hyperliquid VVV	+0.0260%	1h	32.216	+0.090%	$74.8M	$56.1M	3x	as long as short
01 Exchange VVVUSDlong	+0.0312%	1h	32.187	long leg	$12K	$3K	3x