Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget+0.037%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1231.230% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now +0.037%, 7d avg +0.081%

Together, before fees+0.123%+$12 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 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	32.089	0.0100	pay 0.0050% / 4h	1h 19m	$5.8M	$8.9M	20x
Short	Phemex VVVUSDT	32.101	0.0100	get 0.0050% / 4h	1h 19m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.081%: −$4.33
Slippage, 4 orders: −$98.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$127.29
Costs to cover: 1.230%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 4 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 Bitget live order book, 4 min ago	5.45 bp	20.3 bp −$20	59.3 bp −$593	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.51 bp	43.7 bp −$44	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
Deribit VVV_USDC-PERPETUAL	−0.0146%	1h	32.075	−0.044%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.112	+0.072%	$106K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.090	+0.003%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.278%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0093%	4h	32.108	+0.059%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.105	+0.050%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.078	−0.034%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.095	+0.019%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.087	−0.005%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.112	+0.072%	$264K	$1.9M	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	32.119	+0.094%	$184K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.095	+0.019%	$33.6M	$157.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.070	−0.059%	$39.5M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.094	+0.016%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.090	+0.003%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.087	−0.006%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.097	+0.025%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	32.089	long leg	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	32.088	−0.003%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.091	+0.006%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.071	−0.056%	$138K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.089	−0.001%	$1K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.101	+0.037%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.094	+0.017%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.096	+0.023%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.091	+0.005%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.083	−0.019%	$80K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.185	+0.300%	$226K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.083	−0.017%	$394K	$598K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.086	−0.010%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0221%	1h	32.107	+0.056%	$121K	$374K	5x	as long as short
Hyperliquid VVV	+0.0341%	1h	32.103	+0.044%	$74.5M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0360%	1h	32.087	−0.006%	$11K	$3K	3x	as long as short