Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Phemex−0.150%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.150%, 7d avg −0.024%

Together, before fees−0.219%+ Points / potential airdropAster: Stage 5 · farm board−$22 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: Aster is 0.125% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.313	0.0100	pay 0.0050% / 4h	3h 33m	$2.0M	$2.1M	50x
Short	Aster VVVUSDT	31.266	0.0100	get 0.0050% / 4h	3h 33m	$247K	$499K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.024%: −$12.53
Slippage, 4 orders: −$86.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$119.11
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 45 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 Phemex live order book, 5 min ago	0.95 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 45 min ago	2.69 bp	22.7 bp −$23	77.8 bp −$778	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	−0.0349%	1h	31.233	−0.255%	$382K	$690K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0166%	1h	31.238	−0.238%	$87K	$20K	10x	as long as short
Gate VVV_USDT	−0.0006%	4h	31.229	−0.268%	$11.8M	$4.8M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.281	−0.102%	$92K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	+0.069%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.325	+0.040%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.813%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.269	−0.141%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.257	−0.179%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.262	−0.162%	$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	31.254	−0.188%	$157K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.276	−0.118%	$69.5M	$42.9M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	31.266	−0.150%	$247K	$499K	10x
Pacifica VVV	+0.0100%	1h	31.286	−0.087%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.251	−0.198%	$33.3M	$106.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.221	−0.294%	$38.0M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.237	−0.243%	$4.8M	$25.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.259	−0.172%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.291	−0.070%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.185	−0.409%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.241	−0.230%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.276	−0.117%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.240	−0.233%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	−0.047%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.313	long leg	$2.0M	$2.1M	50x
BloFin VVV-USDT	+0.0100%	4h	31.272	−0.131%	$1.3M	$1.4M	25x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.329	+0.051%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.237	−0.243%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.259	−0.171%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.337	+0.077%	$32K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0336%	1h	31.250	−0.201%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.241	−0.231%	$502K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0811%	1h	31.394	+0.260%	$168K	$261K	5x	as long as short