Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.024%

Price spread now: BingX against Coinbase International−1.158%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+1.167%+$117 · spread now −1.158%, 7d avg −0.012%

Together, before fees+1.135%+$113 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 1.145% cheaper against Coinbase International than usual: you would sell low and buy high (−$115 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	31.655	0.0168	pay 0.0021% / 1h	15m 42s	$145K	$1.2M	25x
Short	BingX VVV-USDT	31.289	0.0100	get 0.0050% / 4h	1h 15m	—	$5.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −1.158%Rate

Funding earned: −$14.28
Price spread: −1.158% → −0.012%: −$114.55
Slippage, 4 orders: −$49.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$197.94
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 9 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 Coinbase International live order book, 3 min ago	15.62 bp	22.5 bp −$22	42.1 bp −$421	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.47 bp	12.6 bp −$13	40.5 bp −$405	224.0 bp −$22.4K	720.5 bp −$360.2K

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
RISEx VVV/USDC	−0.0152%	1h	31.251	−1.279%	$393K	$644K	5x	as long as short
Gate VVV_USDT	−0.0006%	4h	31.216	−1.388%	$10.4M	$6.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.738	+0.261%	$23K	—	150x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0027%	1h	31.748	+0.293%	$88K	$24K	10x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.679%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.280	−1.187%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.288	−1.161%	$463K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.265	−1.234%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.742	+0.275%	$147K	$848K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.301	−1.120%	$71.9M	$51.6M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.385	−0.853%	$253K	$1.3M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.299	−1.126%	$187K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.275	−1.201%	$33.2M	$139.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.267	−1.226%	$38.5M	$45.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.264	−1.237%	$4.8M	$36.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.277	−1.196%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.266	−1.230%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.255	−1.265%	$5.7M	$8.0M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.289	−1.158%	—	$5.2M	—
Variational Omni VVV	+0.0100%	4h	31.743	+0.277%	$2.0M	$241K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.738	+0.261%	$137K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.724	+0.217%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.699	+0.137%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.256	−1.261%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.750	+0.298%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.738	+0.260%	$79K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.736	+0.254%	$1.2M	$1.7M	25x	as long as short
Phoenix VVV	+0.0153%	1h	31.735	+0.251%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0168%	1h	31.655	long leg	$145K	$1.2M	25x
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.739	+0.265%	$572K	—	100x	as long as short
Kalshi KXVVVPERP	+0.0174%	8h	31.764	+0.343%	$105K	$5.9M	1.7x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	31.793	+0.434%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0358%	1h	31.661	+0.018%	$125K	$286K	5x	as long as short