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 +0.010%

Price spread now: Coinbase International against Gate+0.257%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1041.044% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 3 days (all we have)−0.808%−$81 · spread now +0.257%, 7d avg +0.078%

Together, before fees−0.613%−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.179% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	32.195	0.0100	pay 0.0050% / 4h	32m 02s	$10.8M	$7.5M	25x
Short	Coinbase International VVV-PERP-INTX	32.278	0.0192	get 0.0024% / 1h	32m 02s	$242K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.257%Rate

Funding earned: $19.32
Price spread: +0.257% → +0.078%: $17.9
Slippage, 4 orders: −$79.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.14
Costs to cover: 1.044%
Break-even: 31.3 days

Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 1 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 Gate live order book, 1 min ago	5.59 bp	28.3 bp −$28	753.2 bp −$7,532	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	20.42 bp	25.4 bp −$25	25.9 bp −$259	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
Deribit VVV_USDC-PERPETUAL	−0.0011%	1h	32.196	+0.003%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.220	+0.078%	$112K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.205	+0.030%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.941%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.209	+0.042%	$396K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0055%	1h	32.186	−0.028%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.208	+0.040%	$12K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0088%	4h	32.172	−0.071%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.228	+0.102%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.200	+0.016%	$479K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.198	+0.011%	$127K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.250	+0.171%	$74.7M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.203	+0.026%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.209	+0.044%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.121	−0.230%	$33.6M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.116	−0.244%	$39.4M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.115	−0.248%	$4.7M	$42.5M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	32.195	long leg	$10.8M	$7.5M	25x
MEXC VVV_USDT	+0.0100%	4h	32.213	+0.056%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.191	−0.012%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.101	−0.292%	$5.8M	$9.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.141	−0.168%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.201	+0.018%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.203	+0.024%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.211	+0.050%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.206	+0.035%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.111	−0.262%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.195	−0.001%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	+0.096%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	+0.127%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0129%	1h	32.246	+0.158%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.197	+0.005%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0192%	1h	32.278	+0.257%	$242K	$1.3M	25x