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 −0.004%

Price spread now: Variational Omni against Phemex+0.208%7-day average −0.074% · you sell dearer than you buy

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.513%−$51 · spread now +0.208%, 7d avg −0.074%

Together, before fees−0.517%+ Points / potential airdropVariational Omni: Active · farm board−$52 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: Variational Omni is 0.283% dearer against Phemex than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	32.043	0.0100	pay 0.0050% / 4h	22m 41s	$2.1M	$2.1M	50x
Short	Variational Omni VVV	32.110	0.0100	get 0.0050% / 4h	22m 41s	$2.1M	$183K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → −0.074%: $28.25
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.25
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phemex: live order book, 6 min ago; Variational Omni: RFQ quote, 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, 6 min ago	1.87 bp	39.8 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.81 bp	doesn't fit	49.3 bp −$493	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
Kalshi KXVVVPERP	0.0000%	8h	32.039	−0.012%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.003	−0.124%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.057	+0.043%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0022%	1h	32.020	−0.072%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.425%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	32.046	+0.009%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.059	+0.050%	$394K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.048	+0.014%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.024	−0.059%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.039	−0.011%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.060	+0.053%	$74.2M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.017	−0.080%	$263K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.048	+0.016%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.026	−0.053%	$33.5M	$156.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.014	−0.090%	$39.3M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.018	−0.078%	$4.6M	$42.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.010	−0.103%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.032	−0.034%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.002	−0.128%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.014	−0.091%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.019	−0.075%	—	$5.5M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	32.110	+0.208%	$2.1M	$183K	—
Derive VVV-PERP	+0.0100%	1h	32.005	−0.119%	$1K	$1K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	32.043	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.029	−0.043%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.020	−0.071%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.996	−0.147%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.037	−0.018%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.110	+0.209%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0127%	1h	32.035	−0.026%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	32.031	−0.037%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0173%	1h	32.051	+0.025%	$616K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.732%	$242K	$1.3M	25x	as long as short