Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.013%

Price spread now: Extended against BloFin−0.125%54s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.668% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.125%, 7d avg −0.079%

Together, before fees−0.160%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.046% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.079%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	32.608	0.0114	pay 0.0057% / 4h	1h 36m	$1.4M	$1.8M	25x
Short	Extended VVV-USD	32.567	0.0104	get 0.0013% / 1h	36m 14s	$321K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$2.13
Price spread: −0.125% → −0.079%: −$4.62
Slippage, 4 orders: −$49.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$73.59
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Extended: 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, 2 min ago	1.08 bp	10.3 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.40 bp	20.5 bp −$21	155.6 bp −$1,556	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	−0.0121%	1h	32.573	−0.108%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.599	−0.028%	$106K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.600	−0.023%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.650%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.571	−0.112%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.560	−0.147%	$484K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.535	−0.224%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.585	−0.069%	$150K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.568	−0.122%	$272K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.568	−0.122%	$187K	$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 VVVUSDT	+0.0100%	4h	32.572	−0.110%	$34.2M	$156.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.547	−0.188%	$40.1M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.562	−0.141%	$4.8M	$43.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.583	−0.077%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.586	−0.067%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.575	−0.101%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.576	−0.098%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.597	−0.034%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.678	+0.214%	$2.2M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.584	−0.074%	$131K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.575	−0.103%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.564	−0.135%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.576	−0.099%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.567	−0.125%	$321K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.569	−0.118%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.678	+0.214%	$81K	$332K	10x	as long as short
BloFin VVV-USDTlong	+0.0114%	4h	32.608	long leg	$1.4M	$1.8M	25x
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.645	+0.114%	$202K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.583	−0.076%	$400K	$596K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0189% / S +0.0165%	1h	32.582	−0.079%	$627K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0278%	1h	32.641	+0.101%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0480%	1h	32.624	+0.049%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0662%	1h	32.649	+0.126%	$76.3M	$55.5M	3x	as long as short