VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.072%

Price spread now: Phoenix against gTrade (Gains Network)−0.875%63s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.875% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.875% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$87 on $10k: about 23 days of funding at the current rate (+$4 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) VVV/USD	30.620	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	19m 42s	$21K	—	150x
Short	Phoenix VVV	30.352	0.0129	get 0.0016% / 1h	19m 42s	$32K	$257K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.875%Rate

Funding earned: $26.25
Price spread: −0.875% → 0.000%: −$87.49
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$80.25
Costs to cover: 0.190%
Break-even: 28.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 30 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 30 min ago	2.93 bp	19.7 bp −$20	57.6 bp −$576	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0417%	1h	30.631	+0.037%	$376K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0125%	1h	30.612	−0.026%	$122K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.294	−1.066%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.633	+0.041%	$85K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0006%	1h	30.620	long leg	$21K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.185%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.665	+0.147%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.544	−0.247%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.576	−0.143%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.540	−0.260%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.654	+0.110%	$141K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.577	−0.140%	$68.9M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.620	+0.001%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.564	−0.184%	$180K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.584	−0.118%	$32.9M	$125.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.555	−0.214%	$38.1M	$42.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.538	−0.267%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.629	+0.030%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.563	−0.186%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.614	−0.019%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.605	−0.049%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.637	+0.056%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.628	+0.027%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.625	+0.018%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.624	+0.013%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	30.491	−0.420%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.620	+0.001%	$297K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.636	+0.051%	$6K	—	3x	as long as short
Phoenix VVVshort	+0.0129%	1h	30.352	−0.875%	$32K	$257K	5x
Kalshi KXVVVPERP	+0.0142%	8h	30.641	+0.069%	$101K	$5.5M	1.7x	as long as short
BloFin VVV-USDT	+0.0148%	4h	30.663	+0.141%	$1.3M	$1.5M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0275%	1h	30.657	+0.122%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.623	+0.009%	$537K	—	100x	as long as short