Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Phemex−0.074%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.074% cheaper against Phemex than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.525	0.0100	pay 0.0050% / 4h	57m 39s	$2.0M	$2.1M	50x
Short	gTrade (Gains Network) VVV/USD	31.502	L +0.0004% / S −0.0004%	get 0.0001% / 1h	57m 39s	$19K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.074%Rate

Funding earned: −$20.09
Price spread: −0.074% → 0.000%: −$7.42
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$51.51
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. 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 Phemex live order book, 6 min ago	1.90 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0337%	1h	31.455	−0.221%	$386K	$654K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0185%	1h	31.487	−0.119%	$88K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.489	−0.113%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.508	−0.054%	$91K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USDshort	L +0.0004% / S −0.0004%	1h	31.502	−0.074%	$19K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.108%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.427	−0.310%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.438	−0.276%	$463K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.425	−0.316%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.498	−0.086%	$141K	$925K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.459	−0.209%	$70.5M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.471	−0.172%	$249K	$761K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.457	−0.216%	$186K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.443	−0.260%	$33.8M	$116.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.415	−0.349%	$38.4M	$40.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.428	−0.308%	$4.8M	$29.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.416	−0.346%	$11.4M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.455	−0.222%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.434	−0.289%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.421	−0.330%	$5.7M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.436	−0.282%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.531	+0.019%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.480	−0.143%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.484	−0.130%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.525	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.438	−0.275%	$300K	$1.3M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.521	−0.014%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.568	+0.137%	$78K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.439	−0.273%	$11K	$2K	3x	as long as short
BloFin VVV-USDT	+0.0152%	4h	31.616	+0.289%	$1.4M	$1.5M	25x	as long as short
Phoenix VVV	+0.0307%	1h	31.564	+0.124%	$33K	$214K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0208%	1h	31.499	−0.084%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0498%	1h	31.521	−0.013%	$155K	$267K	5x	as long as short