VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0266%/8h= +29.1% APRnext payment +$1.33 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against Gate+0.326%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1631.633% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now +0.326%, 7d avg +0.092%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phemex is 0.234% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.092%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	31.316	−0.0166	get 0.0083% / 4h	2h 54m	$12.0M	$4.5M	25x
Short	Phemex VVVUSDT	31.418	0.0100	get 0.0050% / 4h	2h 54m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.326%Rate

Funding earned: $55.86
Price spread: +0.326% → +0.092%: $23.39
Slippage, 4 orders: −$136.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$84.03
Costs to cover: 1.633%
Break-even: 17.5 days

Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago	6.84 bp	26.7 bp −$27	823.7 bp −$8,237	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.48 bp	70.5 bp −$71	doesn't fit	doesn't fit	doesn't fit

VVV on 32 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	−0.0166%	1h	31.365	+0.158%	$384K	$700K	5x	as long as short
Gate VVV_USDTlong	−0.0166%	4h	31.316	long leg	$12.0M	$4.5M	25x
Polymarket Perps VVV-USD	−0.0105%	1h	31.321	+0.016%	$129K	$1.3M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.372	+0.179%	$100K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.341	+0.080%	$87K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.517	+0.643%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.803%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.334	+0.059%	$191K	$1.3M	25x	as long as short
BloFin VVV-USDT	+0.0070%	4h	31.354	+0.121%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.366	+0.161%	$1.9M	$4.1M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.363	+0.150%	$499K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.342	+0.081%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.331	+0.048%	$187K	$1.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.358	+0.135%	$246K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.356	+0.129%	$185K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.335	+0.059%	$33.2M	$103.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.293	−0.073%	$38.0M	$38.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.314	−0.006%	$4.7M	$24.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.331	+0.048%	$7.3M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.369	+0.169%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.314	−0.006%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.350	+0.109%	—	$4.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.413	+0.311%	$2.0M	$346K	—	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.418	+0.326%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.316	0.000%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.252	−0.205%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.488	+0.550%	$78K	$323K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.519	+0.648%	$33K	$188K	5x	as long as short
01 Exchange VVVUSD	+0.0256%	1h	31.337	+0.067%	$11K	$2K	3x	as long as short
Hyperliquid VVV	+0.0343%	1h	31.378	+0.198%	$69.8M	$43.4M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.354	+0.120%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0490%	1h	31.373	+0.183%	$166K	$268K	5x	as long as short