VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0103%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against Derive+0.128%52s7-day average — · you sell dearer than you buy

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

Long on Derive Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.128% dearer against Derive than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Derive VVV-PERP	31.467	0.0100	pay 0.0013% / 1h	20m 15s	$3K	$3K	5x
Short	Phoenix VVV	31.507	0.0203	get 0.0025% / 1h	20m 15s	$33K	$215K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Derive. 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 DerivebpFee PhoenixbpOrdersPrice spread, now +0.128%Rate

Funding earned: $21.54
Price spread: +0.128% → 0.000%: $12.78
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $21.32
Costs to cover: 0.130%
Break-even: 0.1 days

Slippage unknown: Derive: no order-book sample; Phoenix: live order book, 14 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 Derive no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 14 min ago	2.84 bp	19.7 bp −$20	57.3 bp −$573	doesn't fit	doesn't fit

Derive: 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
RISEx VVV/USDC	−0.0337%	1h	31.538	+0.225%	$387K	$664K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.573	+0.339%	$188K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.574	+0.341%	$96K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.584	+0.372%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.563	+0.305%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.300%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0042%	4h	31.556	+0.284%	$11.7M	$5.2M	25x	as long as short
BloFin VVV-USDT	+0.0065%	4h	31.546	+0.252%	$1.4M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.546	+0.251%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.571	+0.331%	$465K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.550	+0.265%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.572	+0.333%	$161K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.610	+0.455%	$70.7M	$44.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.540	+0.234%	$250K	$632K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.556	+0.282%	$186K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.572	+0.334%	$33.7M	$113.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.539	+0.228%	$38.4M	$39.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.572	+0.334%	$4.8M	$28.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.593	+0.401%	$7.0M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.538	+0.226%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.552	+0.271%	$5.7M	$6.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.582	+0.366%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.486	+0.061%	$2.0M	$356K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.558	+0.290%	$122K	$1.4M	3x	as long as short
Derive VVV-PERPlong	+0.0100%	1h	31.467	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.563	+0.306%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.590	+0.392%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.560	+0.295%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.529	+0.199%	$78K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.575	+0.344%	$11K	$2K	3x	as long as short
Phoenix VVVshort	+0.0203%	1h	31.507	+0.128%	$33K	$215K	5x
Backpack VVV_USDC_PERP	+0.0375%	1h	31.618	+0.480%	$160K	$273K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0212%	1h	31.552	+0.271%	$507K	—	100x	as long as short