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 +0.022%

Price spread now: Binance against Phemex+0.007%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.007%, 7d avg −0.006%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.624	0.0100	pay 0.0050% / 4h	3h 20m	$2.0M	$2.1M	50x
Short	Binance VVVUSDT	30.626	0.0100	get 0.0050% / 4h	3h 20m	$33.0M	$125.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.006%: $1.22
Slippage, 4 orders: −$81.18
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.96
Costs to cover: 1.032%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago	1.97 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.16 bp	12.0 bp −$12	37.8 bp −$378	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	−0.0417%	1h	30.631	+0.024%	$376K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0125%	1h	30.612	−0.039%	$122K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.294	−1.079%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.633	+0.028%	$85K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.620	−0.013%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.171%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.665	+0.134%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.617	−0.022%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.639	+0.049%	$447K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.655	+0.101%	$3K	$73	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	30.654	+0.096%	$141K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.655	+0.102%	$69.1M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.644	+0.064%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.647	+0.074%	$181K	$132K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	30.626	+0.007%	$33.0M	$125.9M	25x
Bybit VVVUSDT	+0.0100%	4h	30.620	−0.013%	$38.1M	$42.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.618	−0.020%	$4.8M	$31.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.630	+0.020%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.659	+0.114%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.624	0.000%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.628	+0.013%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.646	+0.072%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.628	+0.014%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.625	+0.004%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.624	long leg	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0101%	4h	30.491	−0.433%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.629	+0.017%	$297K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.636	+0.038%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.352	−0.888%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0142%	8h	30.641	+0.056%	$101K	$5.5M	1.7x	as long as short
BloFin VVV-USDT	+0.0148%	4h	30.663	+0.127%	$1.3M	$1.5M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0265%	1h	30.669	+0.147%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.623	−0.005%	$537K	—	100x	as long as short