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 +0.037%

Price spread now: MEXC against Coinbase International−0.842%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+1.473%+$147 · spread now −0.842%, 7d avg +0.022%

Together, before fees+1.437%+$144 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 MEXC is 0.864% cheaper against Coinbase International than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.022%). 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	0m 06s	$242K	$1.3M	25x
Short	MEXC VVV_USDT	32.006	0.0100	get 0.0050% / 4h	0m 06s	$6.5M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.842%Rate

Funding earned: −$19.32
Price spread: −0.842% → +0.022%: −$86.4
Slippage, 4 orders: −$49.83
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$165.55
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; MEXC: live order book, 3 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	17.27 bp	29.5 bp −$30	44.5 bp −$445	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.47 bp	5.2 bp −$5	63.7 bp −$637	236.0 bp −$23.6K	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	−0.0038%	1h	31.976	−0.935%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	32.002	−0.854%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.996	−0.873%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.989	−0.894%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.992	−0.885%	$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	31.995	−0.875%	$393K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.981	−0.918%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.982	−0.916%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.002	−0.853%	$126K	$850K	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	32.018	−0.805%	$74.3M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.989	−0.894%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.011	−0.827%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.998	−0.867%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.989	−0.894%	$39.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.997	−0.870%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.989	−0.894%	$10.8M	$7.6M	25x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	32.006	−0.842%	$6.5M	$7.1M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.988	−0.898%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.978	−0.929%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.004	−0.848%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.952	−1.008%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.992	−0.885%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.976	−0.935%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.009	−0.831%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.961	−0.982%	$79K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.994	−0.878%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.987	−0.900%	$6K	$13K	3x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−1.021%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0126%	4h	31.982	−0.916%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0138%	1h	32.020	−0.797%	$124K	$345K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.995	−0.876%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0192%	1h	32.278	long leg	$242K	$1.3M	25x