VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.030%

Price spread now: RISEx against Phoenix−0.125%110s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.498% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.125%, 7d avg −0.038%

Together, before fees+0.207%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and RISEx is 0.087% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.144%, so the current rate has only just turned against you. The two prices were read 110 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	31.910	0	get 0.0000% / 1h	1m 34s	$56K	$298K	5x
Short	RISEx VVV/USDC	31.870	−0.0015	pay 0.0002% / 1h	1m 34s	$391K	$597K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$3.11
Price spread: −0.125% → −0.038%: −$8.72
Slippage, 4 orders: −$36.76
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$61.59
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 min ago; RISEx: live order book, 7 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, 4 min ago	3.13 bp	19.8 bp −$20	65.3 bp −$653	doesn't fit	doesn't fit
Sell RISEx live order book, 7 min ago	2.08 bp	5.1 bp −$5	22.3 bp −$223	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
Bybit VVVUSDT	−0.0230%	4h	31.875	−0.110%	$38.9M	$51.5M	20x	as long as short
Polymarket Perps VVV-USD	−0.0229%	1h	31.880	−0.094%	$159K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0144%	4h	31.880	−0.094%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDCshort	−0.0015%	1h	31.870	−0.125%	$391K	$597K	5x
Kalshi KXVVVPERP	0.0000%	8h	31.936	+0.081%	$114K	$6.5M	1.7x	as long as short
Phoenix VVVlong	0.0000%	1h	31.910	long leg	$56K	$298K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.892	−0.058%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.898	−0.039%	$796	—	150x	as long as short
01 Exchange VVVUSD	+0.0008%	1h	31.893	−0.053%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.852%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.881	−0.092%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.864	−0.144%	$471K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.895	−0.049%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.894	−0.050%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.887	−0.072%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.910	+0.001%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.880	−0.094%	$33.5M	$153.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.884	−0.081%	$4.7M	$41.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.895	−0.047%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.896	−0.044%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.890	−0.063%	$5.7M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.893	−0.053%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.899	−0.035%	$123K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.882	−0.089%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.902	−0.026%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.894	−0.050%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.887	−0.071%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.885	−0.078%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.894	−0.050%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.943	+0.104%	$79K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.945	+0.110%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.902	−0.025%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.927	+0.054%	$245K	$1.2M	25x	as long as short