Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Phemex+0.014%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.882	0.0100	pay 0.0050% / 4h	3h 00m	$2.1M	$2.1M	50x
Short	gTrade (Gains Network) VVV/USD	31.887	L +0.0004% / S −0.0004%	get 0.0000% / 1h	0m 51s	$795	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.014%Rate

Funding earned: −$20.18
Price spread: +0.014% → 0.000%: $1.44
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$42.73
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. 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 Phemex live order book, 3 min ago	2.04 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
Bybit VVVUSDT	−0.0230%	4h	31.823	−0.185%	$38.8M	$51.5M	20x	as long as short
Polymarket Perps VVV-USD	−0.0229%	1h	31.868	−0.044%	$158K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0144%	4h	31.823	−0.185%	$10.7M	$7.4M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0026%	1h	31.870	−0.038%	$89K	$24K	10x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.870	−0.038%	$391K	$597K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.893	+0.035%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.881	−0.003%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USDshort	L +0.0004% / S −0.0004%	1h	31.887	+0.014%	$795	—	150x
01 Exchange VVVUSD	+0.0008%	1h	31.893	+0.035%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.942%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0081%	4h	31.843	−0.122%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.828	−0.171%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.826	−0.176%	$471K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.893	+0.035%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.844	−0.119%	$73.9M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.863	−0.060%	$259K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.910	+0.088%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.833	−0.152%	$33.4M	$153.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.793	−0.279%	$4.7M	$41.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.838	−0.138%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.872	−0.031%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.822	−0.188%	$5.7M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.829	−0.166%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.851	−0.098%	$123K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.867	−0.046%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.882	+0.001%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.882	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.887	+0.017%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.821	−0.191%	$302K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.877	−0.014%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.943	+0.192%	$79K	$335K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.885	+0.009%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.927	+0.141%	$245K	$1.2M	25x	as long as short