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 Aster+0.051%52s7-day average +0.022% · 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−$1201.196% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.092%−$9 on $10k

Price spread, last 3 days (all we have)+0.166%+$17 · spread now +0.051%, 7d avg +0.022%

Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · farm board+$7 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 0.029% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	32.027	0.0100	pay 0.0050% / 4h	22m 21s	$263K	$1.9M	10x
Short	Phemex VVVUSDT	32.043	0.0100	get 0.0050% / 4h	22m 21s	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.022%: $2.89
Slippage, 4 orders: −$99.6
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$116.72
Costs to cover: 1.196%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Phemex: live order book, 1 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 Aster live order book, 1 min ago	2.50 bp	11.7 bp −$12	42.6 bp −$426	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.03 bp	51.3 bp −$51	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	−0.0112%	1h	32.001	−0.081%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.039	+0.039%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.021	−0.019%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0026%	1h	31.990	−0.114%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.477%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.022	−0.013%	$394K	$604K	5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	32.022	−0.015%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.048	+0.065%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.024	−0.008%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.032	+0.018%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.050	+0.073%	$74.2M	$55.4M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	32.027	long leg	$263K	$1.9M	10x
Pacifica VVV	+0.0100%	1h	32.048	+0.067%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.022	−0.014%	$33.5M	$156.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.007	−0.062%	$39.3M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.008	−0.058%	$4.6M	$42.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.003	−0.074%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.032	+0.017%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.995	−0.099%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.014	−0.040%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.011	−0.049%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.110	+0.260%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.012	−0.046%	$2K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.043	+0.051%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.029	+0.008%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.027	+0.002%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.017	−0.031%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.037	+0.033%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.110	+0.260%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0127%	1h	32.035	+0.025%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	32.031	+0.014%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0119%	1h	32.011	−0.050%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.784%	$242K	$1.3M	25x	as long as short