Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.005%

Price spread now: KuCoin against Coinbase International+0.114%51s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as 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−$1341.341% of the position

Long on Coinbase International Short on KuCoin

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)+0.291%+$29 · spread now +0.114%, 7d avg −0.043%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.158% dearer against Coinbase International than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of −0.043%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.094% in total) that is about 12 days. The two prices were read 51 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 -0.094% in total (about -4.9% 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	32.098	0.0320	pay 0.0040% / 1h	38m 23s	$247K	$1.3M	25x
Short	KuCoin VVVUSDTM	32.135	0.0100	get 0.0050% / 4h	3h 38m	$2.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$46.2
Price spread: +0.114% → −0.043%: $15.75
Slippage, 4 orders: −$112.12
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$164.57
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; KuCoin: 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, 5 min ago	17.88 bp	32.8 bp −$33	48.5 bp −$485	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	9.95 bp	41.5 bp −$42	215.3 bp −$2,153	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	−0.0307%	1h	32.107	+0.027%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	32.090	−0.026%	$11K	$3K	3x	as long as short
Bybit VVVUSDT	−0.0029%	4h	32.125	+0.083%	$39.4M	$51.5M	20x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.111	+0.038%	$395K	$601K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0015%	1h	32.097	−0.005%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.087	−0.035%	$109K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	−0.045%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.141	+0.134%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.248%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0066%	4h	32.102	+0.012%	$10.8M	$7.3M	25x	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	32.106	+0.023%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.113	+0.046%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.120	+0.068%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.161	+0.195%	$74.5M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.121	+0.069%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.146	+0.148%	$192K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.121	+0.070%	$33.7M	$154.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.137	+0.121%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.132	+0.105%	$6.6M	$6.9M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	32.135	+0.114%	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	32.121	+0.071%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.132	+0.105%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.125	+0.083%	$124K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.129%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.137	+0.119%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.105	+0.021%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.109	+0.032%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.132	+0.106%	$302K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.114	+0.050%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	32.068	−0.093%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0154%	4h	32.108	+0.030%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.142	+0.137%	$581K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0320%	1h	32.098	long leg	$247K	$1.3M	25x