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: Bitget against Coinbase International−0.262%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Coinbase International Short on Bitget

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)+0.833%+$83 · spread now −0.262%, 7d avg −0.059%

Together, before fees+0.739%+$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.204% cheaper against Coinbase International than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.278	0.0192	pay 0.0024% / 1h	34m 06s	$242K	$1.3M	25x
Short	Bitget VVVUSDT	32.193	0.0100	get 0.0050% / 4h	34m 06s	$5.8M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$19.32
Price spread: −0.262% → −0.059%: −$20.36
Slippage, 4 orders: −$68.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$130.55
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bitget: 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 Coinbase International live order book, 4 min ago	24.53 bp	29.5 bp −$30	42.6 bp −$426	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.95 bp	19.3 bp −$19	46.5 bp −$465	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
Kalshi KXVVVPERP	0.0000%	8h	32.231	−0.145%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.219	−0.182%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.217	−0.189%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.680%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.217	−0.189%	$396K	$603K	5x	as long as short
Polymarket Perps VVV-USD	+0.0046%	1h	32.205	−0.225%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.225	−0.163%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.240	−0.117%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.208	−0.216%	$479K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.237	−0.125%	$157K	$835K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.259	−0.058%	$74.7M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.202	−0.233%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.235	−0.131%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.212	−0.204%	$33.7M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.197	−0.250%	$39.5M	$52.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.201	−0.238%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.200	−0.241%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.226	−0.160%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.202	−0.235%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	32.193	−0.262%	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	32.230	−0.148%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.201	−0.238%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.215	−0.194%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.208	−0.216%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.221	−0.175%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.207	−0.220%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.199	−0.245%	$6K	$13K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0105%	1h	32.244	−0.104%	$122K	$358K	5x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	−0.161%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	−0.129%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0149%	4h	32.165	−0.349%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.215	−0.195%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0192%	1h	32.278	long leg	$242K	$1.3M	25x