Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0517%/8h= −56.6% APRpaid last 24h +0.057%

Price spread now: RISEx against Phemex+0.023%7-day average −0.043% · 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−$105as in the Price arb table

costs, in and out, $10k−$1111.114% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.339%+$34 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.023%, 7d avg −0.043%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.066% dearer against Phemex than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.043%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 4 days funding on this pair paid +0.339%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.624	0.0100	pay 0.0050% / 4h	3h 06m	$2.0M	$2.1M	50x
Short	RISEx VVV/USDC	30.631	−0.0417	pay 0.0052% / 1h	6m 20s	$376K	$645K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$108.61
Price spread: +0.023% → −0.043%: $6.63
Slippage, 4 orders: −$93.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$213.41
Costs to cover: 1.114%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; RISEx: live order book, 47 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, 2 min ago	0.49 bp	62.9 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 47 min ago	1.89 bp	4.9 bp −$5	25.8 bp −$258	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/USDCshort	−0.0417%	1h	30.631	+0.023%	$376K	$645K	5x
Polymarket Perps VVV-USD	−0.0094%	1h	30.635	+0.036%	$122K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.059%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.634	+0.032%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.632	+0.026%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.171%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.645	+0.069%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0080%	4h	30.659	+0.114%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.654	+0.099%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.662	+0.124%	$447K	$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	30.650	+0.085%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.663	+0.126%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.669	+0.146%	$69.1M	$48.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.658	+0.113%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.662	+0.124%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.643	+0.062%	$33.0M	$124.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.634	+0.031%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.631	+0.023%	$4.8M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.626	+0.007%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.664	+0.131%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.632	+0.026%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.640	+0.052%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.643	+0.062%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	+0.040%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.615	−0.031%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.624	long leg	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0101%	4h	30.589	−0.113%	$76K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.632	+0.025%	$294K	$2.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.636	+0.039%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.602	−0.072%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0306%	8h	30.694	+0.229%	$95K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0307%	1h	30.677	+0.171%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.622	−0.005%	$535K	—	100x	as long as short