Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h −0.032%

Price spread now: Coinbase International against BloFin−0.108%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)−0.473%−$47 · spread now −0.108%, 7d avg −0.018%

Together, before fees−0.591%−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.090% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	31.388	0.0057	pay 0.0028% / 4h	1h 36m	$1.4M	$1.5M	25x
Short	Coinbase International VVV-PERP-INTX	31.354	−0.0088	pay 0.0011% / 1h	36m 25s	$186K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$30.37
Price spread: −0.108% → −0.018%: −$9.02
Slippage, 4 orders: −$58.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$119.61
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 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 BloFin live order book, 1 min ago	2.07 bp	15.4 bp −$15	36.9 bp −$369	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	19.84 bp	29.2 bp −$29	46.1 bp −$461	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
Coinbase International VVV-PERP-INTXshort	−0.0088%	1h	31.354	−0.108%	$186K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.354	−0.110%	$384K	$646K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.406	+0.057%	$87K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.366	−0.070%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.368	−0.062%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0008%	1h	31.380	−0.025%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.562%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDTlong	+0.0057%	4h	31.388	long leg	$1.4M	$1.5M	25x
Lighter VVV	+0.0096%	1h	31.387	−0.002%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.381	−0.022%	$461K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	31.385	−0.008%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.393	+0.018%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.410	+0.070%	$70.6M	$47.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.391	+0.008%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.394	+0.021%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.387	−0.003%	$33.8M	$121.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.353	−0.112%	$38.5M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.370	−0.057%	$4.9M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.361	−0.086%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.386	−0.006%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.371	−0.054%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.378	−0.032%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.374	−0.045%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.470	+0.263%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.376	−0.038%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.468	+0.255%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.377	−0.035%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.390	+0.006%	$301K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.400	+0.038%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.468	+0.256%	$78K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.505	+0.373%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0429% / S −0.0201%	1h	31.375	−0.041%	$502K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0472%	1h	31.416	+0.089%	$151K	$265K	5x	as long as short