VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h +0.030%

Price spread now: Extended against Coinbase International−0.514%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.883%+$88 · spread now −0.514%, 7d avg −0.044%

Together, before fees+0.855%+ Points / potential airdropExtended: Active · farm board+$86 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 Extended is 0.470% cheaper against Coinbase International than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. 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	32.090	0.0320	pay 0.0040% / 1h	16m 55s	$247K	$1.3M	25x
Short	Extended VVV-USD	31.926	0.0104	get 0.0013% / 1h	16m 55s	$304K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.514%Rate

Funding earned: −$45.36
Price spread: −0.514% → −0.044%: −$46.97
Slippage, 4 orders: −$75.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$182.89
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 2 min ago	16.85 bp	21.9 bp −$22	31.5 bp −$315	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.01 bp	19.7 bp −$20	164.7 bp −$1,647	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	−0.0257%	1h	31.890	−0.625%	$146K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0056%	4h	31.922	−0.525%	$10.7M	$7.4M	25x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.909	−0.566%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.895	−0.609%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.931	−0.497%	$110K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.896	−0.606%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.914	−0.551%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.922	−0.526%	$19K	—	150x	as long as short
Bybit VVVUSDT	+0.0007%	4h	31.938	−0.476%	$39.1M	$51.5M	20x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.273%	$2K	$1K	5.5x	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	31.912	−0.557%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.915	−0.547%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.919	−0.533%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.972	−0.369%	$74.3M	$55.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.925	−0.516%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.922	−0.524%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.946	−0.451%	$33.6M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.918	−0.538%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.982	−0.338%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.929	−0.503%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.957	−0.416%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.946	−0.450%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.977	−0.353%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.026	−0.200%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.914	−0.549%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.938	−0.475%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.872	−0.680%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	31.926	−0.514%	$304K	$2.0M	5x
Aevo VVV-PERP	+0.0104%	1h	31.931	−0.499%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	32.008	−0.257%	$80K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0129%	4h	31.965	−0.391%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.909	−0.566%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0320%	1h	32.090	long leg	$247K	$1.3M	25x