Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin+0.144%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.144%, 7d avg +0.052%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.092% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.311	0.0100	pay 0.0050% / 4h	1h 59m	$1.8M	$2.8M	20x
Short	Phemex VVVUSDT	31.356	0.0100	get 0.0050% / 4h	1h 59m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.052%: $9.18
Slippage, 4 orders: −$123.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$138.39
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 4 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	10.69 bp	31.0 bp −$31	791.7 bp −$7,917	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.71 bp	40.5 bp −$41	doesn't fit	doesn't fit	doesn't fit

VVV on 32 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	−0.0152%	1h	31.306	−0.017%	$384K	$643K	5x	as long as short
Gate VVV_USDT	−0.0002%	4h	31.298	−0.042%	$10.5M	$6.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.348	+0.118%	$38K	$227K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.344	+0.106%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.306	−0.017%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.819%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.357	+0.148%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.288	−0.073%	$462K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.300	−0.034%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.314	+0.008%	$130K	$845K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.305	−0.019%	$72.2M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.332	+0.068%	$253K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.322	+0.035%	$187K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.324	+0.041%	$33.3M	$146.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.348	+0.117%	$38.4M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.350	+0.125%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.311	0.000%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.311	long leg	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.335	+0.077%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.338	+0.086%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.347	+0.113%	$2.1M	$185K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.286	−0.080%	$134K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.327	+0.050%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.356	+0.144%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.351	+0.129%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.349	+0.120%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	+0.126%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	31.345	+0.109%	$110K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.329	+0.057%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.333	+0.071%	$155K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.303	−0.026%	$564K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0290%	1h	31.343	+0.103%	$121K	$311K	5x	as long as short