VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0297%/8h= −32.5% APRnext payment −$0.37 per $10,000 · paid last 24h −0.039%

Price spread now: Coinbase International against Phoenix−0.252%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.252%, 7d avg −0.019%

Together, before fees−0.295%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.234% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	31.283	0.0209	pay 0.0026% / 1h	54m 42s	$33K	$232K	5x
Short	Coinbase International VVV-PERP-INTX	31.204	−0.0088	pay 0.0011% / 1h	54m 42s	$189K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now −0.252%Rate

Funding earned: −$62.28
Price spread: −0.252% → −0.019%: −$23.36
Slippage, 4 orders: −$73.7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$176.34
Costs to cover: 0.907%
Break-even: never at this rate

Slippage from Phoenix: live order book, 51 min ago; Coinbase International: live order book, 4 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 Phoenix live order book, 51 min ago	2.94 bp	19.7 bp −$20	65.3 bp −$653	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	17.10 bp	28.9 bp −$29	37.4 bp −$374	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-INTXshort	−0.0088%	1h	31.204	−0.252%	$189K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.283	+0.001%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.303	+0.063%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.306	+0.074%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.297	+0.045%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.913%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.219	−0.206%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.231	−0.166%	$458K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.229	−0.172%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.301	+0.059%	$162K	$897K	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	31.287	+0.013%	$70.4M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.268	−0.047%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.251	−0.104%	$184K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.255	−0.090%	$33.7M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.216	−0.214%	$38.4M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.232	−0.163%	$4.9M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.243	−0.128%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.261	−0.070%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.265	−0.058%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.237	−0.147%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.253	−0.096%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.158	−0.399%	$1.9M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.285	+0.006%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.295	+0.037%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.290	+0.022%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.269	−0.043%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.315	+0.102%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0116%	8h	31.306	+0.074%	$95K	$5.5M	1.7x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.281	−0.007%	$78K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0122%	4h	31.311	+0.090%	$1.3M	$1.5M	25x	as long as short
Phoenix VVVlong	+0.0209%	1h	31.283	long leg	$33K	$232K	5x
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0199%	1h	31.296	+0.040%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0502%	1h	31.325	+0.135%	$149K	$264K	5x	as long as short