Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Phemex against gTrade (Gains Network)+0.007%50s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 50 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	gTrade (Gains Network) VVV/USD	31.600	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	51m 24s	$19K	—	150x
Short	Phemex VVVUSDT	31.602	0.0100	get 0.0050% / 4h	51m 24s	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: $20.06
Price spread: +0.007% → 0.000%: $0.7
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$3.24
Costs to cover: 0.240%
Break-even: 8.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	6.64 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	31.570	−0.095%	$387K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.538	−0.194%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.612	+0.039%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.579	−0.065%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0004%	1h	31.600	long leg	$19K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.861%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.593	−0.021%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.592	−0.025%	$465K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.591	−0.027%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.605	+0.015%	$145K	$930K	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	31.631	+0.098%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.621	+0.066%	$250K	$746K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.609	+0.029%	$187K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.603	+0.009%	$33.8M	$116.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.588	−0.037%	$38.6M	$40.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.598	−0.006%	$4.9M	$29.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.580	−0.063%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.609	+0.029%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.591	−0.028%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.593	−0.022%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.599	−0.003%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.434	−0.526%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.587	−0.041%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.565	−0.109%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.602	+0.007%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.599	−0.002%	$302K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.606	+0.020%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.622	+0.072%	$79K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	31.634	+0.108%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.604	+0.013%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.649	+0.156%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0437% / S −0.0208%	1h	31.577	−0.073%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0513%	1h	31.615	+0.047%	$153K	$272K	5x	as long as short