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% APRpaid last 24h 0.000%

Price spread now: Phemex against Paradex+0.240%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Phemex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.240% dearer against Paradex than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	31.253	0.0100	pay 0.0100% / 8h	2h 03m	$3K	$73	5x
Short	Phemex VVVUSDT	31.328	0.0100	get 0.0050% / 4h	2h 03m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Paradex. 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 ParadexbpFee PhemexbpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → 0.000%: $23.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: $7.98
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	1.44 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.0329%	1h	31.240	−0.042%	$390K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.403	+0.481%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.352	+0.316%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.014%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0034%	1h	31.363	+0.353%	$87K	$22K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.253	−0.001%	$2.0M	$4.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.272	+0.061%	$459K	$1.6M	5x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	31.253	long leg	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	31.337	+0.269%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.387	+0.429%	$70.6M	$48.0M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.336	+0.266%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.279	+0.083%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.338	+0.272%	$33.9M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.350	+0.310%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.370	+0.374%	$4.9M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.344	+0.291%	$11.1M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.344	+0.291%	$6.7M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.334	+0.259%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.340	+0.278%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.373	+0.384%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.292	+0.125%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.325	+0.230%	$119K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.345	+0.293%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.328	+0.240%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.363	+0.352%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.356	+0.328%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.298	+0.144%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.255	+0.006%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0136%	8h	31.337	+0.269%	$108K	$5.5M	1.7x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.302	+0.157%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	31.312	+0.189%	$33K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0198%	1h	31.348	+0.304%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0429%	1h	31.350	+0.311%	$152K	$263K	5x	as long as short