Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h +0.118%

Price spread now: 01 Exchange against Phemex−0.125%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.125% cheaper against Phemex than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.945	0.0100	pay 0.0050% / 4h	3h 51m	$2.1M	$2.1M	50x
Short	01 Exchange VVVUSD	31.905	−0.0040	pay 0.0005% / 1h	51m 12s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.125%Rate

Funding earned: −$29.4
Price spread: −0.125% → 0.000%: −$12.52
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$60.92
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; 01 Exchange: 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, 2 min ago	1.10 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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
Polymarket Perps VVV-USD	−0.0246%	1h	31.899	−0.144%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSDshort	−0.0040%	1h	31.905	−0.125%	$11K	$3K	3x
RISEx VVV/USDC	−0.0015%	1h	31.912	−0.104%	$392K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.937	−0.025%	$107K	$6.7M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.921	−0.075%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.925	−0.062%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.938	−0.022%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.739%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.929	−0.050%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.921	−0.075%	$475K	$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
Gate VVV_USDT	+0.0096%	4h	31.932	−0.041%	$10.7M	$7.3M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.919	−0.080%	$125K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.957	+0.038%	$74.1M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.969	+0.076%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.957	+0.039%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.947	+0.006%	$33.5M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.930	−0.047%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.947	+0.006%	$4.7M	$41.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.945	0.000%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.948	+0.009%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.930	−0.047%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.956	+0.034%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.917	−0.089%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.936	−0.029%	$2K	$2K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.945	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	+0.009%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.938	−0.023%	$301K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.153%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.859	−0.271%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0132%	1h	31.963	+0.056%	$124K	$339K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.946	+0.003%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.936	−0.027%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	+0.026%	$240K	$1.3M	25x	as long as short