Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h +0.034%

Price spread now: edgeX against Coinbase International−0.129%77s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as 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−$1231.226% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.433%+$43 · spread now −0.129%, 7d avg +0.008%

Together, before fees+0.420%+ Points / potential airdropedgeX: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.137% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.008%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.103	0.0320	pay 0.0040% / 1h	40m 01s	$247K	$1.3M	25x
Short	edgeX VVVUSDC	32.062	0.0108	get 0.0054% / 4h	3h 40m	$80K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$44.6
Price spread: −0.129% → +0.008%: −$13.72
Slippage, 4 orders: −$103.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$180.91
Costs to cover: 1.226%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; edgeX: live order book, 33 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	17.88 bp	32.8 bp −$33	48.5 bp −$485	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	0.79 bp	36.5 bp −$37	doesn't fit	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
Polymarket Perps VVV-USD	−0.0292%	1h	32.078	−0.079%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	32.088	−0.048%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.095	−0.024%	$395K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.113	+0.030%	$109K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	−0.060%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.110	+0.022%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.120	+0.052%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.232%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0066%	4h	32.100	−0.010%	$10.8M	$7.3M	25x	as long as short
Bybit VVVUSDT	+0.0066%	4h	32.052	−0.160%	$39.4M	$51.6M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.074	−0.091%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.069	−0.107%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.095	−0.026%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.119	+0.049%	$74.4M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.095	−0.024%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.120	+0.053%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.078	−0.079%	$33.7M	$154.9M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.053	−0.157%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.067	−0.113%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.090	−0.041%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.080	−0.073%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.092	−0.035%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.114	+0.032%	$124K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.144%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.100	−0.009%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.087	−0.051%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.098	−0.017%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.046	−0.179%	$304K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.084	−0.062%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0108%	4h	32.062	−0.129%	$80K	$333K	10x
BloFin VVV-USDT	+0.0133%	4h	32.063	−0.126%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.111	+0.024%	$581K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0320%	1h	32.103	long leg	$247K	$1.3M	25x