Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.050%

Price spread now: BloFin against Coinbase International−0.054%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

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

costs, in and out, $10k−$780.779% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 3 days (all we have)+0.710%+$71 · spread now −0.054%, 7d avg +0.056%

Together, before fees+0.810%+$81 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.109% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.228	0.0144	pay 0.0018% / 1h	10m 41s	$238K	$1.3M	25x
Short	BloFin VVV-USDT	32.211	0.0102	get 0.0051% / 4h	1h 10m	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$8.83
Price spread: −0.054% → +0.056%: −$10.93
Slippage, 4 orders: −$55.89
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.64
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BloFin: 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 Coinbase International live order book, 3 min ago	15.23 bp	30.3 bp −$30	44.9 bp −$449	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.16 bp	14.4 bp −$14	31.8 bp −$318	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	32.245	+0.052%	$108K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.204	−0.076%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.213	−0.047%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.836%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.234	+0.019%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.203	−0.079%	$479K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.317	+0.275%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.214	−0.043%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.200	−0.088%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.239	+0.032%	$185K	$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	32.209	−0.060%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.210	−0.057%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.214	−0.044%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.208	−0.063%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.215	−0.041%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.194	−0.106%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.195	−0.103%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.212	−0.051%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.172	−0.173%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.197	−0.097%	$142K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.211	−0.054%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.213	−0.047%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.216	−0.039%	$3K	$106	5x	as long as short
BloFin VVV-USDTshort	+0.0102%	4h	32.211	−0.054%	$1.3M	$1.8M	25x
Extended VVV-USD	+0.0104%	1h	32.196	−0.099%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.209	−0.060%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	32.237	+0.028%	$80K	$331K	10x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0144%	1h	32.228	long leg	$238K	$1.3M	25x
RISEx VVV/USDC	+0.0175%	1h	32.186	−0.132%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.211	−0.055%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0221%	1h	32.226	−0.007%	$122K	$370K	5x	as long as short
Hyperliquid VVV	+0.0265%	1h	32.203	−0.079%	$74.7M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0312%	1h	32.187	−0.128%	$12K	$3K	3x	as long as short