Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Phemex+0.118%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Paradex

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: Paradex is 0.118% dearer against Phemex than usual: you sell high and buy low, +$12 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	Phemex VVVUSDT	31.584	0.0100	pay 0.0050% / 4h	2h 38m	$2.0M	$2.1M	50x
Short	Paradex VVV-USD-PERP	31.621	0.0100	get 0.0100% / 8h	6h 38m	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$0.03
Price spread: +0.118% → 0.000%: $11.81
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; Paradex: 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, 5 min ago	3.64 bp	39.5 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Bybit VVVUSDT	−0.0227%	4h	31.618	+0.107%	$38.7M	$51.4M	20x	as long as short
Polymarket Perps VVV-USD	−0.0128%	1h	31.558	−0.082%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0112%	4h	31.612	+0.089%	$10.6M	$7.1M	25x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.592	+0.025%	$388K	$615K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.627	+0.136%	$118K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.516	−0.215%	$49K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.602	+0.056%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.585	+0.003%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.598	+0.044%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.913%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0053%	4h	31.666	+0.260%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.604	+0.062%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.594	+0.032%	$467K	$1.5M	5x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.621	+0.118%	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	31.530	−0.169%	$124K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.629	+0.142%	$72.9M	$53.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.585	+0.004%	$256K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.629	+0.142%	$189K	$177K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.628	+0.139%	$33.5M	$152.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.626	+0.133%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.628	+0.139%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.576	−0.025%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.594	+0.032%	$5.7M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.620	+0.114%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.468	−0.368%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.574	−0.032%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.584	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.608	+0.077%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.550	−0.106%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.594	+0.030%	$78K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0166%	1h	31.642	+0.183%	$122K	$326K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.570	−0.045%	$570K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.366	−0.691%	$235K	$1.2M	25x	as long as short