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% APRpaid last 24h 0.000%

Price spread now: Paradex against Phemex−0.101%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.101% cheaper against Phemex than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.620	0.0100	pay 0.0050% / 4h	2h 16m	$2.0M	$2.1M	50x
Short	Paradex VVV-USD-PERP	31.588	0.0100	get 0.0100% / 8h	6h 16m	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$0.02
Price spread: −0.101% → 0.000%: −$10.12
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$26.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 1 min ago; Paradex: 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, 1 min ago	0.31 bp	39.8 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0111%	1h	31.570	−0.158%	$387K	$637K	5x	as long as short
Gate VVV_USDT	−0.0034%	4h	31.547	−0.231%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0012%	1h	31.578	−0.133%	$135K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.777	+0.497%	$45K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.581	−0.125%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.598	−0.071%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.795%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.542	−0.246%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.548	−0.228%	$466K	$1.5M	5x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.588	−0.101%	$3K	$73	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.581	−0.123%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.579	−0.130%	$72.8M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.598	−0.071%	$256K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.605	−0.048%	$189K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.585	−0.111%	$33.6M	$148.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.576	−0.141%	$38.6M	$50.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.567	−0.168%	$4.7M	$39.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.575	−0.142%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.565	−0.174%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.537	−0.262%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.577	−0.136%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.702	+0.260%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.576	−0.139%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.620	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.563	−0.180%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.612	−0.026%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	31.593	−0.085%	$114K	$6.4M	1.7x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.761	+0.447%	$79K	$336K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.602	−0.057%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.582	−0.119%	$571K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.530	−0.285%	$231K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0290%	1h	31.570	−0.160%	$122K	$316K	5x	as long as short