Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.011%

Price spread now: Coinbase International against KuCoin+0.072%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1331.330% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)−0.568%−$57 · spread now +0.072%, 7d avg +0.029%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.044% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	32.318	0.0100	pay 0.0050% / 4h	1h 28m	$2.0M	$2.8M	20x
Short	Coinbase International VVV-PERP-INTX	32.341	0.0144	get 0.0018% / 1h	28m 49s	$192K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.072%Rate

Funding earned: $9.24
Price spread: +0.072% → +0.029%: $4.35
Slippage, 4 orders: −$110.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$119.36
Costs to cover: 1.330%
Break-even: 97.4 days

Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 5 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 KuCoin live order book, 3 min ago	10.20 bp	31.9 bp −$32	819.7 bp −$8,197	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	21.38 bp	32.6 bp −$33	45.1 bp −$451	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	0.0000%	1h	32.260	−0.180%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.267	−0.157%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.553%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	32.261	−0.176%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.359	+0.128%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.336	+0.056%	$481K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.269	−0.152%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.242	−0.234%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.288	−0.092%	$267K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.219	−0.305%	$185K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.321	+0.010%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.317	−0.002%	$39.8M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.347	+0.090%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.319	+0.003%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.323	+0.015%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	32.318	long leg	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	32.324	+0.019%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.347	+0.090%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.330	+0.039%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.239	−0.244%	$130K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.253	−0.200%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.289	−0.090%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.210	−0.335%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.329	+0.033%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.256	−0.191%	$6K	$13K	3x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	32.236	−0.254%	$104K	$6.9M	1.7x	as long as short
edgeX VVVUSDC	+0.0110%	4h	32.442	+0.384%	$81K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0144%	1h	32.341	+0.072%	$192K	$1.2M	25x
RISEx VVV/USDC	+0.0175%	1h	32.236	−0.255%	$396K	$601K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0188% / S +0.0166%	1h	32.257	−0.190%	$620K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0278%	1h	32.340	+0.068%	$122K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0456%	1h	32.255	−0.195%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0544%	1h	32.376	+0.179%	$75.3M	$55.8M	3x	as long as short