Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0517%/8h= +56.6% APRpaid last 24h −0.057%

Price spread now: Phemex against RISEx+0.287%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.339%−$34 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.287%, 7d avg +0.043%

Together, before fees−0.518%−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Phemex is 0.244% dearer against RISEx than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 4 days funding on this pair cost −0.339%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	30.521	−0.0417	get 0.0052% / 1h	43m 39s	$374K	$646K	5x
Short	Phemex VVVUSDT	30.609	0.0100	get 0.0050% / 4h	3h 43m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now +0.287%Rate

Funding earned: $108.61
Price spread: +0.287% → +0.043%: $24.38
Slippage, 4 orders: −$90.04
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: $24.95
Costs to cover: 1.080%
Break-even: 5.4 days

Slippage from RISEx: live order book, 10 min ago; Phemex: live order book, 5 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 RISEx live order book, 10 min ago	1.89 bp	4.9 bp −$5	27.9 bp −$279	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.28 bp	60.8 bp −$61	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/USDClong	−0.0417%	1h	30.521	long leg	$374K	$646K	5x
Polymarket Perps VVV-USD	−0.0098%	1h	30.522	+0.002%	$127K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.555	+0.108%	$149K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.568	+0.152%	$105K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.527	+0.018%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.557	+0.116%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.531%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0092%	4h	30.558	+0.120%	$10.3M	$5.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.576	+0.179%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.591	+0.228%	$447K	$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	30.575	+0.177%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.552	+0.102%	$140K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.590	+0.224%	$69.6M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.567	+0.149%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.600	+0.257%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.590	+0.224%	$32.8M	$126.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.579	+0.188%	$38.0M	$42.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.591	+0.228%	$4.7M	$31.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.591	+0.228%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.562	+0.133%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.567	+0.149%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.594	+0.238%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	+0.489%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.550	+0.094%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.609	+0.287%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.581	+0.195%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.531	+0.032%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0107%	4h	30.564	+0.139%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.694	+0.566%	$76K	$334K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.710	+0.618%	$32K	$257K	5x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	30.530	+0.028%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0193%	1h	30.593	+0.233%	$121K	$247K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0424% / S −0.0174%	1h	30.542	+0.066%	$535K	—	100x	as long as short