Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Phemex against Aster+0.097%7-day average +0.023% · 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−$106as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.092%−$9 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now +0.097%, 7d avg +0.023%

Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.074% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.995	0.0100	pay 0.0050% / 4h	3h 35m	$261K	$1.9M	10x
Short	Phemex VVVUSDT	32.026	0.0100	get 0.0050% / 4h	3h 35m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.023%: $7.36
Slippage, 4 orders: −$92.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$105.55
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Phemex: live order book, 3 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 Aster live order book, 2 min ago	2.96 bp	14.8 bp −$15	46.2 bp −$462	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.93 bp	45.5 bp −$45	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
Polymarket Perps VVV-USD	−0.0319%	1h	31.993	−0.007%	$146K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0268%	1h	32.002	+0.023%	$91K	$23K	10x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	32.007	+0.037%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.024	+0.091%	$394K	$601K	5x	as long as short
Gate VVV_USDT	−0.0004%	4h	31.969	−0.082%	$10.7M	$7.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.098	+0.322%	$108K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	+0.278%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.035	+0.124%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.578%	$2K	$1K	5.5x	as long as short
Bybit VVVUSDT	+0.0051%	4h	31.953	−0.132%	$39.2M	$51.5M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0067%	4h	32.050	+0.172%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.965	−0.095%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.971	−0.075%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.034	+0.123%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.015	+0.062%	$74.2M	$54.9M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.995	long leg	$261K	$1.9M	10x
Pacifica VVV	+0.0100%	1h	31.998	+0.010%	$191K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.982	−0.041%	$33.6M	$154.5M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.962	−0.103%	$4.7M	$41.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.979	−0.050%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.003	+0.025%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.939	−0.175%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.952	−0.135%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.023	+0.086%	$124K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.001	+0.017%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.015	+0.064%	$2K	$2K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.026	+0.097%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.967	−0.089%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.985	−0.032%	$302K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.015	+0.062%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.094	+0.308%	$80K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.018	+0.072%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.985	−0.033%	$246K	$1.3M	25x	as long as short