Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Aster against Phemex+0.108%52s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1091.091% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.363%−$36 · spread now +0.108%, 7d avg −0.027%

Together, before fees−0.271%+ Points / potential airdropAster: Stage 5 · farm board−$27 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: Aster is 0.136% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 52 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	Phemex VVVUSDT	30.878	0.0100	pay 0.0050% / 4h	23m 22s	$2.0M	$2.1M	50x
Short	Aster VVVUSDT	30.911	0.0100	get 0.0050% / 4h	23m 22s	$247K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.027%: $13.57
Slippage, 4 orders: −$89.13
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.56
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 5 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 Phemex live order book, 5 min ago	1.95 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.89 bp	18.9 bp −$19	67.2 bp −$672	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
RISEx VVV/USDC	−0.0299%	1h	30.889	+0.034%	$379K	$625K	5x	as long as short
Polymarket Perps VVV-USD	−0.0094%	1h	30.888	+0.032%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.910	+0.103%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.906	+0.090%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.903	+0.081%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.289%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0038%	4h	30.894	+0.052%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.026%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0088%	4h	30.836	−0.136%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.903	+0.082%	$2.1M	$5.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.912	+0.110%	$451K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.902	+0.077%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.904	+0.086%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.915	+0.120%	$70.5M	$49.0M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	30.911	+0.108%	$247K	$1.1M	10x
Pacifica VVV	+0.0100%	1h	30.924	+0.148%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.918	+0.130%	$33.1M	$130.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.899	+0.068%	$38.5M	$43.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.921	+0.139%	$4.8M	$33.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.918	+0.130%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.885	+0.023%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.903	+0.081%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.914	+0.117%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.801	−0.248%	$1.9M	$290K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.900	+0.072%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.878	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.916	+0.125%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.894	+0.051%	$6K	—	3x	as long as short
Backpack VVV_USDC_PERP	+0.0118%	1h	30.925	+0.153%	$120K	$252K	5x	as long as short
edgeX VVVUSDC	+0.0119%	4h	30.830	−0.156%	$77K	$332K	10x	as long as short
Kalshi KXVVVPERP	+0.0149%	8h	30.879	+0.003%	$101K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.881	+0.010%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.903	+0.082%	$541K	—	100x	as long as short