VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h +0.027%

Price spread now: Phoenix against Extended−0.534%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$800.803% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.307%+$31 on $10k

Price spread, last 3 days (all we have)+0.427%+$43 · spread now −0.534%, 7d avg +0.046%

Together, before fees+0.735%+ Points / potential airdropExtended: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.580% cheaper against Extended than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.307%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VVV-USD	32.421	0.0104	pay 0.0013% / 1h	7m 26s	$319K	$1.6M	5x
Short	Phoenix VVV	32.248	0.0077	get 0.0010% / 1h	7m 26s	$56K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now −0.534%Rate

Funding earned: −$5.66
Price spread: −0.534% → +0.046%: −$57.96
Slippage, 4 orders: −$68.28
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$143.9
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 13 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 Extended live order book, 1 min ago	2.23 bp	20.5 bp −$21	189.3 bp −$1,893	doesn't fit	doesn't fit
Sell Phoenix live order book, 13 min ago	3.12 bp	19.7 bp −$20	57.4 bp −$574	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
Kalshi KXVVVPERP	0.0000%	8h	32.388	−0.102%	$114K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.354	−0.207%	$93K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.351	−0.216%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.230%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.362	−0.182%	$1.3M	$1.8M	25x	as long as short
Phoenix VVVshort	+0.0077%	1h	32.248	−0.534%	$56K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	32.461	+0.122%	$414K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.426	+0.014%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.409	−0.037%	$484K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.469	+0.149%	$150K	$781K	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	32.366	−0.170%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.424	+0.009%	$193K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.477	+0.171%	$34.3M	$155.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.448	+0.082%	$40.0M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.457	+0.111%	$4.8M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.401	−0.062%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.430	+0.027%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.384	−0.115%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.443	+0.067%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.426	+0.015%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.319	−0.314%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.467	+0.142%	$156K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.348	−0.227%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.334	−0.269%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.423	+0.005%	$3K	$106	5x	as long as short
Extended VVV-USDlong	+0.0104%	1h	32.421	long leg	$319K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.369	−0.160%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.365	−0.174%	$80K	$331K	10x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	32.537	+0.357%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.336	−0.262%	$565K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.462	+0.126%	$216K	$1.3M	25x	as long as short
Hyperliquid VVV	+0.0252%	1h	32.511	+0.277%	$75.2M	$55.1M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0343%	1h	32.431	+0.030%	$123K	$379K	5x	as long as short