VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0538%/8h= +58.9% APRnext payment +$0.67 per $10,000 · paid last 24h −0.005%

Price spread now: Phoenix against RISEx+0.231%7-day average +0.057% · 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−$32as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.231%, 7d avg +0.057%

Together, before fees−0.372%−$37 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 Phoenix is 0.173% dearer against RISEx than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.057%. Mind the row above: over the last 4 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.126% in total (about -12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	31.240	−0.0329	get 0.0041% / 1h	3m 11s	$390K	$647K	5x
Short	Phoenix VVV	31.312	0.0209	get 0.0026% / 1h	3m 11s	$33K	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.231%Rate

Funding earned: $112.98
Price spread: +0.231% → +0.057%: $17.33
Slippage, 4 orders: −$36.82
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $80.49
Costs to cover: 0.498%
Break-even: 2.0 days

Slippage from RISEx: live order book, 45 min ago; Phoenix: live order book, 42 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, 45 min ago	2.16 bp	5.2 bp −$5	22.6 bp −$226	doesn't fit	doesn't fit
Sell Phoenix live order book, 42 min ago	2.94 bp	19.8 bp −$20	57.5 bp −$575	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	−0.0329%	1h	31.240	long leg	$390K	$647K	5x
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.403	+0.523%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.352	+0.358%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.058%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0034%	1h	31.363	+0.395%	$87K	$22K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.343	+0.330%	$2.0M	$4.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.373	+0.426%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.253	+0.042%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.337	+0.311%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.403	+0.522%	$70.6M	$48.0M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.337	+0.311%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.279	+0.125%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.359	+0.382%	$33.9M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.356	+0.372%	$38.7M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.363	+0.394%	$4.9M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.352	+0.359%	$11.1M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.365	+0.400%	$6.7M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.336	+0.308%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.342	+0.327%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.391	+0.484%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.292	+0.167%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.325	+0.272%	$119K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.345	+0.336%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.328	+0.282%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.363	+0.394%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.356	+0.371%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.298	+0.186%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.255	+0.048%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0134%	8h	31.319	+0.253%	$108K	$5.5M	1.7x	as long as short
BloFin VVV-USDT	+0.0139%	4h	31.381	+0.452%	$1.3M	$1.5M	25x	as long as short
Phoenix VVVshort	+0.0209%	1h	31.312	+0.231%	$33K	$243K	5x
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0198%	1h	31.348	+0.346%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0432%	1h	31.399	+0.510%	$152K	$263K	5x	as long as short