Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective−4.065%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 4.065% cheaper against Injective than usual: you would sell low and buy high (spread −4.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$406 on $10k: about 7 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	50m 59s	$2K	$1K	5.5x
Short	KuCoin VVVUSDTM	31.486	0.0100	get 0.0050% / 4h	3h 50m	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −4.065%Rate

Funding earned: $14
Price spread: −4.065% → 0.000%: −$406.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$404.48
Costs to cover: 0.120%
Break-even: 209.2 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	10.84 bp	38.1 bp −$38	186.1 bp −$1,861	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
RISEx VVV/USDC	−0.0349%	1h	31.470	−4.113%	$385K	$666K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.507	−4.001%	$95K	$5.2M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.486	−4.063%	$185K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.504	−4.011%	$19K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.525	−3.946%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.517	−3.970%	$464K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.470	−4.114%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.514	−3.978%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.547	−3.879%	$70.4M	$43.3M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.520	−3.961%	$249K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.495	−4.037%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.509	−3.995%	$33.6M	$109.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.487	−4.063%	$38.4M	$39.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.498	−4.028%	$4.8M	$26.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.483	−4.074%	$11.8M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.513	−3.982%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	31.486	−4.065%	$1.7M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	31.478	−4.089%	$5.7M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.481	−4.080%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.341	−4.507%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.487	−4.062%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	−4.044%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.533	−3.921%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.497	−4.032%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.500	−4.023%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.521	−3.958%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0148%	4h	31.536	−3.912%	$1.3M	$1.4M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0150%	1h	31.520	−3.962%	$88K	$22K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.443	−4.196%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0400%	1h	31.532	−3.924%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0216%	1h	31.501	−4.019%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0846%	1h	31.545	−3.884%	$160K	$266K	5x	as long as short