VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.056%

Price spread now: Polymarket Perps against Phoenix−0.311%59s7-day average −0.047% · 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—prices read too far apart to compare

costs, in and out, $10k−$530.525% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.452%−$45 on $10k

Price spread, last 4 days (all we have)+0.506%+$51 · spread now −0.311%, 7d avg −0.047%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.263% cheaper against Phoenix than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	31.198	0.0153	pay 0.0019% / 1h	7m 59s	$37K	$264K	5x
Short	Polymarket Perps VVV-USD	31.101	0.0069	get 0.0009% / 1h	7m 59s	$130K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phoenix. 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 PhoenixbpFee Polymarket PerpsbpOrdersPrice spread, now −0.311%Rate

Funding earned: −$17.68
Price spread: −0.311% → −0.047%: −$26.35
Slippage, 4 orders: −$37.54
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$96.57
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from Phoenix: live order book, 53 min ago; Polymarket Perps: live order book, just now.

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 Phoenix live order book, 53 min ago	2.87 bp	19.9 bp −$20	65.3 bp −$653	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, just now	1.77 bp	7.0 bp −$7	9.3 bp −$93	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	−0.0152%	1h	31.088	−0.351%	$382K	$643K	5x	as long as short
Gate VVV_USDT	0.0000%	4h	31.099	−0.317%	$10.4M	$6.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.114	−0.270%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.123	−0.239%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.199%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USDshort	+0.0069%	1h	31.101	−0.311%	$130K	$1.2M	3x
Lighter VVV	+0.0096%	1h	31.119	−0.254%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.116	−0.263%	$460K	$1.5M	5x	as long as short
BloFin VVV-USDT	+0.0097%	4h	31.116	−0.263%	$1.3M	$1.7M	25x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.092	−0.338%	$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	31.102	−0.309%	$143K	$842K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.119	−0.253%	$71.4M	$50.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.127	−0.226%	$250K	$1.2M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.114	−0.268%	$184K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.111	−0.278%	$33.0M	$137.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.101	−0.311%	$38.2M	$44.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.098	−0.321%	$4.7M	$36.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.118	−0.256%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.123	−0.240%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.093	−0.337%	$5.7M	$7.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.100	−0.314%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.125	−0.234%	$2.0M	$236K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.109	−0.285%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.150	−0.154%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.175	−0.073%	$77K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.105	−0.298%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.119	−0.254%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0136%	1h	31.097	−0.324%	$11K	$3K	3x	as long as short
Phoenix VVVlong	+0.0153%	1h	31.198	long leg	$37K	$264K	5x
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	+1.466%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0171%	8h	31.125	−0.234%	$99K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0126%	1h	31.110	−0.283%	$561K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0325%	1h	31.131	−0.215%	$123K	$282K	5x	as long as short