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 −0.035%

Price spread now: Coinbase International against BingX+0.099%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on BingX 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)−0.444%−$44 · spread now +0.099%, 7d avg −0.005%

Together, before fees−0.406%−$41 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 0.104% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	32.458	0.0100	pay 0.0050% / 4h	1h 54m	—	$5.4M	—
Short	Coinbase International VVV-PERP-INTX	32.490	0.0144	get 0.0018% / 1h	54m 05s	$200K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.099%Rate

Funding earned: $9.24
Price spread: +0.099% → −0.005%: $10.37
Slippage, 4 orders: −$60.42
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.81
Costs to cover: 0.804%
Break-even: 53.1 days

Slippage from BingX: live order book, 11 min ago; Coinbase International: live order book, 4 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 BingX live order book, 11 min ago	0.46 bp	13.6 bp −$14	30.4 bp −$304	247.0 bp −$24.7K	602.9 bp −$301.5K
Sell Coinbase International live order book, 4 min ago	18.91 bp	28.7 bp −$29	38.3 bp −$383	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
Deribit VVV_USDC-PERPETUAL	−0.0212%	1h	32.451	−0.020%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.503	+0.139%	$105K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.458	+0.001%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.115%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	32.502	+0.136%	$1.4M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.539	+0.250%	$57K	$294K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.459	+0.002%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.441	−0.052%	$485K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.465	+0.023%	$150K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.461	+0.009%	$274K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.494	+0.112%	$193K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.452	−0.018%	$34.2M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.422	−0.112%	$39.9M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.445	−0.040%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.459	+0.003%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.451	−0.022%	$17.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.464	+0.018%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.443	−0.046%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	32.458	long leg	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	32.467	+0.027%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.456	−0.006%	$149K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.451	−0.022%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.443	−0.046%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.490	+0.098%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.448	−0.030%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.486	+0.085%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.506	+0.147%	$81K	$330K	10x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0144%	1h	32.490	+0.099%	$200K	$1.1M	25x
RISEx VVV/USDC	+0.0175%	1h	32.472	+0.044%	$398K	$589K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0097%	1h	32.457	−0.003%	$566K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0380%	1h	32.472	+0.044%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0576%	1h	32.497	+0.120%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0946%	1h	32.525	+0.206%	$75.7M	$55.2M	3x	as long as short