Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: Deribit against KuCoin−0.045%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.951	0.0100	pay 0.0050% / 4h	3h 07m	$2.0M	$2.8M	20x
Short	Deribit VVV_USDC-PERPETUAL	31.936	0	get 0.0000% / 1h	7m 06s	$89K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$21
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.54
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Deribit: no order-book sample. 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 KuCoin live order book, 5 min ago	11.12 bp	29.7 bp −$30	777.7 bp −$7,777	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Polymarket Perps VVV-USD	−0.0232%	1h	31.915	−0.113%	$159K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0202%	4h	31.913	−0.119%	$39.0M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0128%	4h	31.929	−0.069%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.938	−0.042%	$393K	$600K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.938	−0.041%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.951	0.000%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.944	−0.022%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.936	−0.045%	$89K	$24K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.948	−0.010%	$797	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.720%	$2K	$1K	5.5x	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	31.917	−0.106%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.909	−0.131%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.945	−0.017%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.955	+0.013%	$74.2M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.937	−0.044%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.959	+0.026%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.935	−0.049%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.936	−0.047%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.950	−0.003%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.951	long leg	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.921	−0.094%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.937	−0.044%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.957	+0.019%	$123K	$335K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.923	−0.087%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.938	−0.041%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.934	−0.053%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.944	−0.020%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.934	−0.055%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.935	−0.049%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.896	−0.173%	$79K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0122%	4h	31.935	−0.050%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0121%	1h	31.941	−0.031%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.927	−0.075%	$245K	$1.3M	25x	as long as short