Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.037%

Price spread now: Coinbase International against Binance+0.002%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.792% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.546%−$55 · spread now +0.002%, 7d avg −0.026%

Together, before fees−0.508%−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.027% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	32.228	0.0100	pay 0.0050% / 4h	1h 11m	$33.7M	$157.4M	25x
Short	Coinbase International VVV-PERP-INTX	32.228	0.0144	get 0.0018% / 1h	11m 38s	$238K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.002%Rate

Funding earned: $9.24
Price spread: +0.002% → −0.026%: $2.72
Slippage, 4 orders: −$59.21
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.26
Costs to cover: 0.792%
Break-even: 58.0 days

Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 2 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 Binance live order book, 2 min ago	0.16 bp	13.9 bp −$14	36.9 bp −$369	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	15.23 bp	20.2 bp −$20	20.3 bp −$203	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
Kalshi KXVVVPERP	0.0000%	8h	32.236	+0.026%	$108K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.232	+0.014%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.228	+0.002%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.838%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.247	+0.061%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.231	+0.010%	$479K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.317	+0.277%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.245	+0.052%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.246	+0.057%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.245	+0.053%	$185K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDTlong	+0.0100%	4h	32.228	long leg	$33.7M	$157.4M	25x
Bybit VVVUSDT	+0.0100%	4h	32.219	−0.028%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.221	−0.021%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.240	+0.038%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.239	+0.035%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.217	−0.033%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.203	−0.077%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.219	−0.027%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.172	−0.172%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.236	+0.026%	$143K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.242	+0.043%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.217	−0.033%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.238	+0.032%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.227	−0.003%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.222	−0.018%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.191	−0.115%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0135%	4h	32.242	+0.044%	$1.3M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0144%	1h	32.228	+0.002%	$238K	$1.3M	25x
RISEx VVV/USDC	+0.0175%	1h	32.237	+0.028%	$396K	$606K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.240	+0.038%	$620K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0220%	1h	32.254	+0.082%	$122K	$373K	5x	as long as short
Hyperliquid VVV	+0.0278%	1h	32.266	+0.119%	$74.9M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0320%	1h	32.241	+0.041%	$12K	$3K	3x	as long as short