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: Injective against KuCoin+4.237%55s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

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

The price spread pays, funding is against you. Injective is 4.237% dearer against KuCoin than usual: you sell high and buy low (spread +4.237% now, against zero (this spread has no 7-day history yet)): +$424 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.486	0.0100	pay 0.0050% / 4h	3h 50m	$1.7M	$2.7M	20x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	50m 21s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.237%Rate

Funding earned: −$14
Price spread: +4.237% → 0.000%: $423.68
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $397.66
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 7 min ago; Injective: 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, 7 min ago	10.84 bp	51.4 bp −$51	873.9 bp −$8,739	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	31.462	−0.075%	$390K	$669K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.507	+0.067%	$95K	$5.2M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.486	+0.001%	$185K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.504	+0.056%	$19K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+4.237%	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.488	+0.007%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.490	+0.013%	$464K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.476	−0.033%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.506	+0.064%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.525	+0.124%	$70.3M	$43.4M	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	+0.108%	$249K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.501	+0.047%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.507	+0.066%	$33.6M	$109.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.479	−0.023%	$38.4M	$39.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.489	+0.010%	$4.8M	$26.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.462	−0.076%	$11.8M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.507	+0.067%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.486	long leg	$1.7M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	31.475	−0.035%	$5.7M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.472	−0.044%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	+0.055%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.483	−0.010%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	+0.021%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.533	+0.149%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.497	+0.034%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.498	+0.039%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.494	+0.024%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0148%	4h	31.536	+0.159%	$1.3M	$1.4M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0150%	1h	31.520	+0.107%	$88K	$22K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.443	−0.137%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0432%	1h	31.520	+0.108%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0216%	1h	31.501	+0.048%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0846%	1h	31.545	+0.188%	$160K	$266K	5x	as long as short