VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0196%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.052%

Price spread now: Phoenix against Injective−4.519%7-day average — · you buy dearer than you sell

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

Long on Injective 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

Funding pays, the price is against you. Phoenix is 4.519% cheaper against Injective than usual: you would sell low and buy high (spread −4.519% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$452 on $10k: about 3 months of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	31m 37s	$2K	$1K	5.5x
Short	Phoenix VVV	31.337	0.0229	get 0.0029% / 1h	31m 37s	$32K	$201K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now −4.519%Rate

Funding earned: $41.07
Price spread: −4.519% → 0.000%: −$451.86
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$417.81
Costs to cover: 0.070%
Break-even: 78.2 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 63 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 63 min ago	2.84 bp	19.7 bp −$20	57.3 bp −$573	doesn't fit	doesn't fit

Injective: 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	−0.0349%	1h	31.249	−4.787%	$382K	$690K	5x	as long as short
Gate VVV_USDT	−0.0018%	4h	31.204	−4.924%	$11.8M	$4.8M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.276	−4.704%	$92K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.249	−4.786%	$87K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	−4.526%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.243	−4.804%	$19K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.208	−4.912%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.212	−4.899%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.204	−4.924%	$3K	$29	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	31.271	−4.720%	$157K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.221	−4.872%	$69.3M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.215	−4.890%	$246K	$498K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.234	−4.832%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.215	−4.890%	$33.2M	$106.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.194	−4.954%	$38.0M	$38.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.220	−4.875%	$4.8M	$25.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.220	−4.875%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.220	−4.875%	$1.6M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.165	−5.043%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.227	−4.854%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.276	−4.703%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.273	−4.714%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	−4.636%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.323	−4.561%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0100%	4h	31.272	−4.717%	$1.3M	$1.4M	25x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.329	−4.543%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.211	−4.903%	$291K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.236	−4.826%	$6K	—	3x	as long as short
Phoenix VVVshort	+0.0229%	1h	31.337	−4.519%	$32K	$201K	5x
01 Exchange VVVUSD	+0.0320%	1h	31.265	−4.738%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.233	−4.836%	$503K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0791%	1h	31.286	−4.674%	$168K	$261K	5x	as long as short