VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%

Price spread now: Phoenix against Injective−4.485%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 4.485% cheaper against Injective than usual: you would sell low and buy high (−$449 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	59m 22s	$2K	$1K	5.5x
Short	Phoenix VVV	31.348	0	get 0.0000% / 1h	59m 22s	$38K	$227K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now −4.485%Rate

Funding earned: −$7
Price spread: −4.485% → 0.000%: −$448.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$462.53
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 1 min ago	2.87 bp	19.9 bp −$20	57.5 bp −$575	doesn't fit	doesn't fit

Injective: 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 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	−0.0152%	1h	31.306	−4.614%	$384K	$643K	5x	as long as short
Gate VVV_USDT	−0.0002%	4h	31.298	−4.637%	$10.5M	$6.1M	25x	as long as short
Phoenix VVVshort	0.0000%	1h	31.348	−4.485%	$38K	$227K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.344	−4.496%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.306	−4.614%	$20K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.357	−4.457%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.288	−4.668%	$462K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.300	−4.631%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.314	−4.590%	$130K	$845K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.305	−4.616%	$72.2M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.332	−4.533%	$253K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.322	−4.565%	$187K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.324	−4.558%	$33.3M	$146.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.348	−4.486%	$38.4M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.350	−4.479%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.311	−4.598%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.311	−4.598%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.335	−4.525%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.338	−4.516%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.347	−4.490%	$2.1M	$185K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.286	−4.674%	$134K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.327	−4.550%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.356	−4.461%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.351	−4.474%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.349	−4.483%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	−4.477%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	31.345	−4.494%	$110K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.329	−4.543%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.333	−4.530%	$155K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.303	−4.623%	$564K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0290%	1h	31.343	−4.500%	$121K	$311K	5x	as long as short