Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: Phemex against Binance+0.159%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1031.035% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.159%, 7d avg +0.004%

Together, before fees−0.182%−$18 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 0.155% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.465	0.0100	pay 0.0050% / 4h	11m 56s	$33.6M	$112.6M	25x
Short	Phemex VVVUSDT	31.515	0.0100	get 0.0050% / 4h	11m 56s	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.004%: $15.52
Slippage, 4 orders: −$81.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$87.97
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from Binance: 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 Binance live order book, 1 min ago	0.16 bp	8.9 bp −$9	40.9 bp −$409	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.86 bp	41.0 bp −$41	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
RISEx VVV/USDC	−0.0337%	1h	31.463	−0.007%	$386K	$666K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.499	+0.109%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.504	+0.124%	$95K	$5.3M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.472	+0.023%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.306%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0036%	1h	31.489	+0.077%	$88K	$22K	10x	as long as short
Gate VVV_USDT	+0.0056%	4h	31.445	−0.064%	$11.7M	$5.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.488	+0.072%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.476	+0.035%	$463K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.466	+0.004%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.498	+0.105%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.498	+0.105%	$70.4M	$44.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.467	+0.007%	$249K	$620K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.485	+0.063%	$185K	$122K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.465	long leg	$33.6M	$112.6M	25x
Bybit VVVUSDT	+0.0100%	4h	31.439	−0.083%	$38.3M	$39.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.457	−0.025%	$4.8M	$28.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.467	+0.006%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.453	−0.038%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.456	−0.029%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.470	+0.016%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.452	−0.043%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.476	+0.035%	$122K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.474	+0.029%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.515	+0.159%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.458	−0.022%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.475	+0.032%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	31.458	−0.023%	$78K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.518	+0.168%	$1.3M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0152%	1h	31.497	+0.102%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.579	+0.362%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0213%	1h	31.476	+0.034%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0444%	1h	31.516	+0.163%	$160K	$272K	5x	as long as short