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 +0.003%

Price spread now: Phemex against Gate+0.023%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.023%, 7d avg +0.096%

Together, before fees+0.113%+$11 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 0.073% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	30.713	0.0100	pay 0.0050% / 4h	2h 29m	$10.7M	$5.6M	25x
Short	Phemex VVVUSDT	30.720	0.0100	get 0.0050% / 4h	2h 29m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.096%: −$7.28
Slippage, 4 orders: −$106.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$140.44
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Phemex: live order book, 4 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 Gate live order book, 4 min ago	7.99 bp	25.9 bp −$26	766.0 bp −$7,660	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.56 bp	41.3 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	−0.0329%	1h	30.696	−0.055%	$382K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.271%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.699	−0.047%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.860%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0043%	1h	30.712	−0.003%	$85K	$22K	10x	as long as short
BloFin VVV-USDT	+0.0065%	4h	30.736	+0.075%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.712	−0.003%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0081%	1h	30.695	−0.059%	$118K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.706	−0.021%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.711	−0.007%	$447K	$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	30.698	−0.049%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.721	+0.028%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.723	+0.033%	$69.2M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.732	+0.063%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.721	+0.025%	$181K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.709	−0.013%	$33.1M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.685	−0.092%	$38.0M	$41.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.701	−0.039%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	30.713	long leg	$10.7M	$5.6M	25x
MEXC VVV_USDT	+0.0100%	4h	30.708	−0.016%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.708	−0.016%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.692	−0.068%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.731	+0.059%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−0.017%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.698	−0.048%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.720	+0.023%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.715	+0.006%	$294K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.719	+0.019%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	30.717	+0.013%	$76K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0199%	8h	30.727	+0.046%	$94K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.770	+0.186%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0385%	1h	30.747	+0.109%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0176%	1h	30.695	−0.059%	$536K	—	100x	as long as short