Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.046%

Price spread now: Phoenix against Variational Omni+0.259%7-day average +0.079% · you sell dearer than you buy

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.259%, 7d avg +0.079%

Together, before fees+0.051%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.180% dearer against Variational Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	30.801	0.0100	pay 0.0050% / 4h	21m 21s	$1.9M	$290K	—
Short	Phoenix VVV	30.881	0.0182	get 0.0023% / 1h	21m 21s	$32K	$253K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational Omni. 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now +0.259%Rate

Funding earned: $17.23
Price spread: +0.259% → +0.079%: $17.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $28.22
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Phoenix: live order book, 34 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 Variational Omni RFQ quote, 3 min ago	3.05 bp	doesn't fit	37.8 bp −$378	doesn't fit	doesn't fit
Sell Phoenix live order book, 34 min ago	2.92 bp	19.9 bp −$20	57.6 bp −$576	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	−0.0299%	1h	30.856	+0.179%	$378K	$630K	5x	as long as short
Polymarket Perps VVV-USD	−0.0086%	1h	30.873	+0.233%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.880	+0.255%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.895	+0.303%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	30.887	+0.278%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.554%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0040%	4h	30.886	+0.275%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	+0.223%	$145K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.887	+0.280%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.910	+0.353%	$451K	$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	30.875	+0.238%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.894	+0.301%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.900	+0.320%	$70.5M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.913	+0.364%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.911	+0.357%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.897	+0.312%	$33.1M	$129.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.874	+0.236%	$38.4M	$43.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.885	+0.272%	$4.8M	$33.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.903	+0.330%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.910	+0.353%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.879	+0.252%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.892	+0.294%	—	$5.0M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	30.801	long leg	$1.9M	$290K	—
Derive VVV-PERP	+0.0100%	1h	30.880	+0.255%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.930	+0.418%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.881	+0.260%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.910	+0.353%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	30.937	+0.441%	$77K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0123%	4h	30.933	+0.428%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0134%	1h	30.954	+0.495%	$120K	$251K	5x	as long as short
Kalshi KXVVVPERP	+0.0149%	8h	30.963	+0.525%	$101K	$5.7M	1.7x	as long as short
Phoenix VVVshort	+0.0182%	1h	30.881	+0.259%	$32K	$253K	5x
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.881	+0.259%	$541K	—	100x	as long as short