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: Phoenix against RISEx+0.029%7-day average +0.038% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.145%−$15 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.029%, 7d avg +0.038%

Together, before fees−0.190%−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	31.912	−0.0015	get 0.0002% / 1h	50m 55s	$392K	$599K	5x
Short	Phoenix VVV	31.921	0	get 0.0000% / 1h	50m 55s	$56K	$298K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now +0.029%Rate

Funding earned: $3.11
Price spread: +0.029% → +0.038%: −$0.91
Slippage, 4 orders: −$35.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$46.42
Costs to cover: 0.486%
Break-even: 111.4 days

Slippage from RISEx: live order book, 23 min ago; Phoenix: live order book, 20 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 RISEx live order book, 23 min ago	1.41 bp	4.5 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 20 min ago	3.13 bp	19.8 bp −$20	57.3 bp −$573	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
Polymarket Perps VVV-USD	−0.0246%	1h	31.899	−0.040%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0040%	1h	31.905	−0.021%	$11K	$3K	3x	as long as short
RISEx VVV/USDClong	−0.0015%	1h	31.912	long leg	$392K	$599K	5x
Kalshi KXVVVPERP	0.0000%	8h	31.937	+0.079%	$107K	$6.7M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.921	+0.029%	$56K	$298K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.925	+0.043%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.938	+0.082%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.847%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.929	+0.054%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.921	+0.029%	$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	32.014	+0.321%	$10.8M	$7.3M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.919	+0.025%	$125K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.042	+0.409%	$74.3M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.961	+0.154%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.957	+0.144%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.001	+0.279%	$33.6M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.019	+0.336%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.038	+0.396%	$4.7M	$42.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.982	+0.221%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.979	+0.211%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.002	+0.283%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.024	+0.352%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.917	+0.015%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.936	+0.076%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.945	+0.105%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	+0.114%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.968	+0.176%	$301K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.258%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.859	−0.166%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0132%	1h	31.963	+0.161%	$124K	$339K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.946	+0.108%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.936	+0.077%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	+0.131%	$240K	$1.3M	25x	as long as short