Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Phemex+0.013%7-day average −0.044% · you sell dearer than you buy

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

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.013%, 7d avg −0.044%

Together, before fees+0.052%+$5 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: OKX is 0.056% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.533	0.0100	pay 0.0050% / 4h	1h 22m	$2.0M	$2.1M	50x
Short	OKX VVV-USDT-SWAP	31.537	0.0100	get 0.0050% / 4h	1h 22m	$4.9M	$30.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.044%: $5.62
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.38
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; OKX: 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 Phemex live order book, 5 min ago	2.07 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.79 bp	11.5 bp −$12	73.8 bp −$738	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.602	+0.218%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.507	−0.083%	$386K	$644K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.521	−0.038%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.550	+0.054%	$88K	$5.5M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.546	+0.040%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.552	+0.061%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.081%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	31.547	+0.044%	$1.4M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.523	−0.033%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.531	−0.006%	$464K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.541	+0.027%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.534	+0.002%	$133K	$913K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.555	+0.070%	$70.9M	$46.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.562	+0.092%	$250K	$951K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.560	+0.085%	$186K	$127K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.546	+0.042%	$34.0M	$119.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.530	−0.010%	$38.7M	$41.1M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.537	+0.013%	$4.9M	$30.5M	20x
Gate VVV_USDT	+0.0100%	4h	31.526	−0.022%	$11.3M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.552	+0.060%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.536	+0.010%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.525	−0.025%	$5.8M	$7.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.533	0.000%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.505	−0.089%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.516	−0.054%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.555%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.533	long leg	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0101%	4h	31.544	+0.036%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.551	+0.057%	$301K	$1.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.558	+0.078%	$6K	—	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.572	+0.124%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0431% / S −0.0203%	1h	31.542	+0.029%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0449%	1h	31.562	+0.093%	$153K	$266K	5x	as long as short