Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.033%

Price spread now: Phoenix against Aster−0.030%7-day average +0.045% · 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−$83as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.030%, 7d avg +0.045%

Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.075% cheaper against Aster than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.045%). If the spread goes back, that is −$7 on $10k: about 34 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.517	0.0100	pay 0.0050% / 4h	2h 19m	$247K	$476K	10x
Short	Phoenix VVV	31.507	0.0279	get 0.0035% / 1h	19m 12s	$33K	$188K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.030%Rate

Funding earned: $37.57
Price spread: −0.030% → +0.045%: −$7.5
Slippage, 4 orders: −$60.68
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$45.61
Costs to cover: 0.757%
Break-even: 15.5 days

Slippage from Aster: live order book, 31 min ago; Phoenix: live order book, 27 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, 31 min ago	2.54 bp	16.6 bp −$17	50.9 bp −$509	doesn't fit	doesn't fit
Sell Phoenix live order book, 27 min ago	2.86 bp	19.8 bp −$20	57.5 bp −$575	doesn't fit	doesn't fit

VVV on 32 exchanges

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/USDC	−0.0166%	1h	31.524	+0.024%	$386K	$702K	5x	as long as short
Gate VVV_USDT	−0.0064%	4h	31.461	−0.176%	$12.2M	$4.6M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.516	−0.002%	$132K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.495	−0.067%	$87K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.496	−0.065%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.136%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.486	−0.096%	$192K	$1.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.505	−0.038%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.504	−0.040%	$494K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0099%	4h	31.503	−0.043%	$1.3M	$1.4M	25x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.492	−0.077%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.520	+0.013%	$188K	$973K	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.517	long leg	$247K	$476K	10x
Pacifica VVV	+0.0100%	1h	31.516	−0.002%	$186K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.504	−0.039%	$33.3M	$99.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.462	−0.174%	$38.2M	$37.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.465	−0.163%	$4.7M	$23.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.500	−0.052%	$7.4M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.522	+0.017%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.511	−0.017%	$5.7M	$5.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.477	−0.125%	—	$4.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.432	−0.268%	$2.0M	$335K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.498	−0.059%	$129K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.515	−0.005%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.501	−0.050%	$293K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.514	−0.009%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.488	−0.091%	$78K	$323K	10x	as long as short
Phoenix VVVshort	+0.0279%	1h	31.507	−0.030%	$33K	$188K	5x
01 Exchange VVVUSD	+0.0320%	1h	31.511	−0.017%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.491	−0.082%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0558%	1h	31.507	−0.030%	$167K	$251K	5x	as long as short
Hyperliquid VVV	+0.0619%	1h	31.506	−0.033%	$70.1M	$42.4M	3x	as long as short