VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.050%

Price spread now: Phoenix against Pacifica+0.182%47s7-day average +0.025% · you sell dearer than you buy

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

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.352%+$35 on $10k

Price spread, last 4 days (all we have)+0.381%+$38 · spread now +0.182%, 7d avg +0.025%

Together, before fees+0.733%+ Points / potential airdropPacifica: Active · farm board+$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.158% dearer against Pacifica than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of +0.025%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.352%, so the current rate has only just turned against you. The two prices were read 47 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	Pacifica VVV	31.734	0.0100	pay 0.0013% / 1h	20m 42s	$190K	$163K	10x
Short	Phoenix VVV	31.792	0	get 0.0000% / 1h	20m 42s	$48K	$289K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$21
Price spread: +0.182% → +0.025%: $15.76
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.24
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 47 min ago; Phoenix: live order book, 45 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 Pacifica live order book, 47 min ago	0.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 45 min ago	3.13 bp	19.8 bp −$20	57.5 bp −$575	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.726	−0.027%	$389K	$634K	5x	as long as short
Gate VVV_USDT	−0.0032%	4h	31.690	−0.139%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0022%	1h	31.711	−0.073%	$136K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.739	+0.015%	$119K	$6.4M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.792	+0.182%	$48K	$289K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.695	−0.123%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.717	−0.055%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.422%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.717	−0.055%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.714	−0.064%	$468K	$1.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.699	−0.112%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.710	−0.076%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.755	+0.066%	$73.2M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.713	−0.065%	$257K	$1.8M	10x	as long as short
Pacifica VVVlong	+0.0100%	1h	31.734	long leg	$190K	$163K	10x
Binance VVVUSDT	+0.0100%	4h	31.730	−0.014%	$33.7M	$149.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.742	+0.024%	$38.9M	$50.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.730	−0.013%	$4.7M	$39.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.728	−0.020%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.725	−0.029%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.721	−0.042%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.724	−0.032%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.702	−0.101%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.700	−0.108%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.713	−0.067%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.723	−0.037%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	−0.114%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.653	−0.257%	$79K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.731	−0.010%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.696	−0.121%	$573K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.711	−0.074%	$232K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0294%	1h	31.734	−0.002%	$123K	$317K	5x	as long as short