Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.056%

Price spread now: Variational Omni against Phoenix+0.221%54s7-day average −0.077% · you sell dearer than you buy

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

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.212%−$21 on $10k

Price spread, last 3 days (all we have)−0.317%−$32 · spread now +0.221%, 7d avg −0.077%

Together, before fees−0.530%+ Points / potential airdropVariational Omni: Active · farm board−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.297% dearer against Phoenix than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.077%. Mind the row above: over the last 3 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour. The two prices were read 54 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	32.248	0.0077	pay 0.0010% / 1h	6m 28s	$56K	$292K	5x
Short	Variational Omni VVV	32.319	0.0100	get 0.0050% / 4h	2h 06m	$2.1M	$180K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.221%Rate

Funding earned: $4.82
Price spread: +0.221% → −0.077%: $29.73
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $27.56
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 14 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Phoenix live order book, 14 min ago	3.12 bp	19.7 bp −$20	65.2 bp −$652	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.87 bp	doesn't fit	50.9 bp −$509	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
Kalshi KXVVVPERP	0.0000%	8h	32.438	+0.589%	$116K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.387	+0.430%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.774%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0061%	1h	32.465	+0.674%	$93K	$22K	10x	as long as short
Phoenix VVVlong	+0.0077%	1h	32.248	long leg	$56K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	32.370	+0.380%	$413K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.390	+0.439%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.362	+0.354%	$483K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.359	+0.344%	$149K	$781K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.385	+0.425%	$277K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.380	+0.408%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.379	+0.407%	$34.2M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.366	+0.367%	$39.9M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.533	+0.884%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.375	+0.394%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.368	+0.372%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.418	+0.527%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.355	+0.332%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.391	+0.443%	—	$5.4M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	32.319	+0.221%	$2.1M	$180K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.365	+0.363%	$155K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.449	+0.623%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.400	+0.471%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.382	+0.416%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.368	+0.372%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.451	+0.631%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.365	+0.362%	$80K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0136%	4h	32.467	+0.679%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	32.431	+0.567%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.366	+0.366%	$566K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.462	+0.664%	$216K	$1.2M	25x	as long as short
Hyperliquid VVV	+0.0261%	1h	32.419	+0.530%	$75.0M	$55.1M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0351%	1h	32.446	+0.613%	$123K	$376K	5x	as long as short