VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.056%

Price spread now: Phoenix against Polymarket Perps+0.108%59s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

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

costs, in and out, $10k−$560.563% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.456%+$46 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.108%, 7d avg +0.046%

Together, before fees+0.414%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.062% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 59 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	Polymarket Perps VVV-USD	31.604	−0.0127	get 0.0016% / 1h	43m 39s	$145K	$1.2M	3x
Short	Phoenix VVV	31.638	0	get 0.0000% / 1h	43m 39s	$52K	$289K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.108%Rate

Funding earned: $26.59
Price spread: +0.108% → +0.046%: $6.21
Slippage, 4 orders: −$41.35
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.54
Costs to cover: 0.563%
Break-even: 13.2 days

Slippage from Polymarket Perps: live order book, 5 min ago; Phoenix: live order book, 22 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 Polymarket Perps live order book, 5 min ago	2.37 bp	9.2 bp −$9	9.4 bp −$94	doesn't fit	doesn't fit
Sell Phoenix live order book, 22 min ago	3.13 bp	19.8 bp −$20	57.5 bp −$575	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	−0.0222%	4h	31.594	−0.032%	$38.7M	$51.8M	20x	as long as short
Polymarket Perps VVV-USDlong	−0.0127%	1h	31.604	long leg	$145K	$1.2M	3x
RISEx VVV/USDC	−0.0111%	1h	31.625	+0.067%	$388K	$618K	5x	as long as short
Gate VVV_USDT	−0.0094%	4h	31.605	+0.003%	$10.6M	$7.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.618	+0.044%	$118K	$6.5M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.638	+0.108%	$52K	$289K	5x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.639	+0.109%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.637	+0.104%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.848%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0053%	4h	31.666	+0.196%	$1.3M	$1.8M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VVV_USDC-PERPETUAL	+0.0091%	1h	31.674	+0.221%	$88K	$24K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.618	+0.043%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.620	+0.051%	$467K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.641	+0.118%	$3K	$106	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.609	+0.017%	$124K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.663	+0.187%	$73.0M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.639	+0.110%	$257K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.658	+0.170%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.625	+0.066%	$33.5M	$153.7M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.626	+0.070%	$4.7M	$40.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.642	+0.120%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.616	+0.038%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.625	+0.066%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.626	+0.070%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.641	+0.116%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.670	+0.208%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.665	+0.193%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.612	+0.024%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.635	+0.099%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.620	+0.051%	$79K	$336K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0163%	1h	31.707	+0.325%	$123K	$329K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.635	+0.097%	$572K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.547	−0.182%	$241K	$1.2M	25x	as long as short