VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.038%

Price spread now: BloFin against Phemex−0.042%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1181.178% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.042%, 7d avg +0.002%

Together, before fees+0.228%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.044% cheaper against Phemex than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.195% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.816	0.0100	pay 0.0050% / 4h	38m 18s	$2.0M	$2.1M	50x
Short	BloFin VVV-USDT	30.803	0.0129	get 0.0065% / 4h	38m 18s	$1.3M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $6.17
Price spread: −0.042% → +0.002%: −$4.38
Slippage, 4 orders: −$93.77
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$115.98
Costs to cover: 1.178%
Break-even: 138.6 days

Slippage from Phemex: live order book, 5 min ago; BloFin: live order book, 4 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	1.96 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.16 bp	10.6 bp −$11	doesn't fit	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	−0.0299%	1h	30.779	−0.118%	$377K	$628K	5x	as long as short
Polymarket Perps VVV-USD	−0.0066%	1h	30.820	+0.013%	$130K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.849	+0.106%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.846	+0.099%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0032%	4h	30.828	+0.039%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.503%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.812	−0.013%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	−0.155%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.772	−0.143%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.778	−0.123%	$450K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.761	−0.179%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.808	−0.024%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.843	+0.088%	$70.4M	$49.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.812	−0.012%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.798	−0.059%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.846	+0.099%	$32.9M	$131.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.836	+0.065%	$38.4M	$43.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.852	+0.117%	$4.8M	$33.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.835	+0.062%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.812	−0.013%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.825	+0.029%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.848	+0.104%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.811	−0.017%	$1.9M	$296K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.837	+0.069%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.816	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.838	+0.071%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.840	+0.079%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	30.728	−0.285%	$76K	$332K	10x	as long as short
BloFin VVV-USDTshort	+0.0129%	4h	30.803	−0.042%	$1.3M	$1.6M	25x
Kalshi KXVVVPERP	+0.0160%	8h	30.789	−0.088%	$96K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0172% / S +0.0127%	1h	30.838	+0.071%	$556K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.825	+0.029%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0210%	1h	30.798	−0.059%	$120K	$254K	5x	as long as short