Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: MEXC against Phemex+0.147%50s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

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

costs, in and out, $10k−$910.915% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 3 days (all we have)−0.156%−$16 · spread now +0.147%, 7d avg +0.003%

Together, before fees−0.098%−$10 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: MEXC is 0.144% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 50 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	32.630	0.0100	pay 0.0050% / 4h	1h 45m	$2.1M	$2.0M	50x
Short	MEXC VVV_USDT	32.678	0.0100	get 0.0050% / 4h	1h 45m	$17.6M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.003%: $14.44
Slippage, 4 orders: −$79.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$77.05
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; MEXC: 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 Phemex live order book, 3 min ago	3.54 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.31 bp	3.0 bp −$3	42.8 bp −$428	212.1 bp −$21.2K	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
Kalshi KXVVVPERP	0.0000%	8h	32.625	−0.015%	$105K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.665	+0.108%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.650	+0.061%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.582%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.679	+0.150%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.667	+0.113%	$488K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.696	+0.202%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.670	+0.124%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.645	+0.045%	$276K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.669	+0.121%	$188K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.675	+0.138%	$34.4M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.659	+0.089%	$40.2M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.672	+0.129%	$4.8M	$43.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.659	+0.089%	$11.1M	$7.7M	25x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	32.678	+0.147%	$17.6M	$7.0M	50x
KuCoin VVVUSDTM	+0.0100%	4h	32.647	+0.052%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.659	+0.089%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.677	+0.144%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.517	−0.345%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.665	+0.107%	$142K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.666	+0.112%	$1K	$1K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	32.630	long leg	$2.1M	$2.0M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.675	+0.139%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.664	+0.105%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.650	+0.061%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.559	−0.219%	$81K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0124%	4h	32.608	−0.067%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.547	−0.256%	$198K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.661	+0.096%	$400K	$592K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0190% / S +0.0135%	1h	32.671	+0.124%	$594K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0301%	1h	32.678	+0.148%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0496%	1h	32.701	+0.218%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0734%	1h	32.725	+0.291%	$76.2M	$55.3M	3x	as long as short