Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Variational Omni−0.062%7-day average +0.070% · you buy dearer than you sell

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.290%+$29 · spread now −0.062%, 7d avg +0.070%

Together, before fees+0.294%+ Points / potential airdropVariational Omni: Active · farm board+$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.132% cheaper against Variational Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	31.641	0.0100	pay 0.0050% / 4h	2h 42m	$2.1M	$190K	—
Short	Phemex VVVUSDT	31.621	0.0100	get 0.0050% / 4h	2h 42m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee PhemexbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → +0.070%: −$13.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: live order book, 6 min ago. 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 Variational Omni RFQ quote, 1 min ago	3.98 bp	doesn't fit	36.8 bp −$368	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	3.16 bp	45.2 bp −$45	doesn't fit	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	−0.0229%	4h	31.536	−0.331%	$38.6M	$51.8M	20x	as long as short
Polymarket Perps VVV-USD	−0.0133%	1h	31.625	−0.049%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.625	−0.049%	$388K	$618K	5x	as long as short
Gate VVV_USDT	−0.0094%	4h	31.548	−0.293%	$10.6M	$7.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.649	+0.027%	$118K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.585	−0.176%	$51K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.610	−0.097%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.617	−0.074%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.637	−0.011%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.728%	$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
BloFin VVV-USDT	+0.0053%	4h	31.666	+0.080%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.508	−0.418%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.513	−0.403%	$465K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.523	−0.373%	$3K	$106	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.624	−0.051%	$124K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.549	−0.289%	$72.8M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.587	−0.169%	$256K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.547	−0.296%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.532	−0.344%	$33.4M	$153.7M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.548	−0.293%	$4.7M	$40.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.539	−0.321%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.590	−0.160%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.516	−0.394%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.561	−0.252%	—	$5.5M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.641	long leg	$2.1M	$190K	—
Derive VVV-PERP	+0.0100%	1h	31.604	−0.116%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.621	−0.062%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.529	−0.352%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.618	−0.071%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.620	−0.065%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.617	−0.075%	$572K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0181%	1h	31.619	−0.068%	$123K	$329K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.585	−0.177%	$239K	$1.2M	25x	as long as short