Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.011%

Price spread now: Coinbase International against Bitget+1.206%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)−1.777%−$178 · spread now +1.206%, 7d avg +0.059%

Together, before fees−1.683%−$168 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 1.147% dearer against Bitget than usual: you sell high and buy low: +$115 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	31.893	0.0100	pay 0.0050% / 4h	9m 46s	$5.8M	$8.9M	20x
Short	Coinbase International VVV-PERP-INTX	32.278	0.0192	get 0.0024% / 1h	9m 46s	$242K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +1.206%Rate

Funding earned: $19.32
Price spread: +1.206% → +0.059%: $114.75
Slippage, 4 orders: −$93.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $18.27
Costs to cover: 1.158%
Break-even: 0.4 days

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.09 bp	19.8 bp −$20	61.1 bp −$611	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	33.69 bp	39.0 bp −$39	50.2 bp −$502	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	−0.0018%	1h	31.898	+0.016%	$146K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.906	+0.041%	$103K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.922	+0.092%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.923	+0.094%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.909	+0.050%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.907%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.913	+0.062%	$392K	$601K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.834	−0.185%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.897	+0.013%	$2.2M	$6.0M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.885	−0.025%	$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
Nado VVV-PERP	+0.0100%	1h	31.912	+0.058%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.920	+0.085%	$74.0M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.908	+0.046%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.912	+0.060%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.894	+0.003%	$33.4M	$156.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.882	−0.034%	$39.1M	$51.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.890	−0.009%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.902	+0.028%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.904	+0.034%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.890	−0.009%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	31.893	long leg	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	31.916	+0.072%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.830	−0.196%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.914	+0.066%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.909	+0.050%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.898	+0.015%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.893	+0.001%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.908	+0.048%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.777	−0.363%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.787	−0.332%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	31.944	+0.161%	$124K	$354K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0119%	1h	31.905	+0.039%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0192%	1h	32.278	+1.206%	$242K	$1.3M	25x