Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.050%

Price spread now: Paradex against Phoenix−0.143%106s7-day average — · you buy dearer than you sell

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

Long on Phoenix 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 0.143% cheaper against Phoenix than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	32.243	0.0098	pay 0.0012% / 1h	3m 38s	$56K	$294K	5x
Short	Paradex VVV-USD-PERP	32.197	0.0100	get 0.0100% / 8h	1h 03m	$3K	$106	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0.33
Price spread: −0.143% → 0.000%: −$14.33
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.99
Costs to cover: 0.110%
Break-even: 532.4 days

Slippage unknown: Phoenix: live order book, 12 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 Phoenix live order book, 12 min ago	3.10 bp	19.7 bp −$20	65.2 bp −$652	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 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	32.160	−0.257%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.168	−0.233%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.170	−0.227%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.790%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.208	−0.109%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.176	−0.208%	$478K	$1.6M	5x	as long as short
Phoenix VVVlong	+0.0098%	1h	32.243	long leg	$56K	$294K	5x
Nado VVV-PERP	+0.0100%	1h	32.159	−0.259%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.186	−0.177%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.207	−0.110%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.188	−0.171%	$33.7M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.174	−0.214%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.162	−0.251%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.169	−0.230%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.191	−0.161%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.187	−0.174%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.174	−0.214%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.190	−0.164%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.211	−0.100%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.153	−0.279%	$146K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.165	−0.243%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.170	−0.226%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	32.197	−0.143%	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	32.171	−0.222%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.179	−0.197%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.198	−0.139%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0143%	4h	32.168	−0.233%	$1.3M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.220	−0.072%	$239K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.172	−0.222%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0185% / S +0.0169%	1h	32.164	−0.245%	$618K	—	100x	as long as short
Hyperliquid VVV	+0.0211%	1h	32.219	−0.074%	$74.8M	$55.8M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0216%	1h	32.212	−0.098%	$122K	$364K	5x	as long as short
01 Exchange VVVUSD	+0.0280%	1h	32.164	−0.245%	$11K	$3K	3x	as long as short