Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.023%

Price spread now: Coinbase International against MEXC−0.355%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now −0.355%, 7d avg −0.010%

Together, before fees−0.253%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.344% cheaper against MEXC than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.305	0.0100	pay 0.0050% / 4h	1h 58m	$6.6M	$5.6M	50x
Short	Coinbase International VVV-PERP-INTX	31.194	−0.0088	pay 0.0011% / 1h	58m 35s	$189K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.355%Rate

Funding earned: −$39.48
Price spread: −0.355% → −0.010%: −$34.44
Slippage, 4 orders: −$55.29
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$139.21
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.48 bp	3.9 bp −$4	60.0 bp −$600	230.3 bp −$23.0K	doesn't fit
Sell Coinbase International live order book, 5 min ago	22.39 bp	27.4 bp −$27	28.8 bp −$288	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
Coinbase International VVV-PERP-INTXshort	−0.0088%	1h	31.194	−0.355%	$189K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.270	−0.111%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.246	−0.189%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.262	−0.139%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.839%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	31.292	−0.042%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.275	−0.095%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.299	−0.019%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.282	−0.073%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.303	−0.005%	$162K	$898K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.301	−0.013%	$70.4M	$48.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.295	−0.031%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.306	+0.003%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.296	−0.029%	$33.8M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.269	−0.114%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.254	−0.163%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.281	−0.077%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.305	long leg	$6.6M	$5.6M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.285	−0.064%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.255	−0.160%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.301	−0.013%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.291	−0.044%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.262	−0.137%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.242	−0.203%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.255	−0.160%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.299	−0.018%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.268	−0.119%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.271	−0.109%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.345	+0.126%	$78K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0126%	8h	31.260	−0.144%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.393	+0.281%	$33K	$231K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0388%	1h	31.302	−0.011%	$149K	$264K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0199%	1h	31.251	−0.174%	$500K	—	100x	as long as short