Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.011%

Price spread now: Coinbase International against OKX−0.211%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)−0.319%−$32 · spread now −0.211%, 7d avg +0.022%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.233% cheaper against OKX than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of +0.022%). If the spread goes back, that is −$23 on $10k: about 8.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.096% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	32.346	0.0100	pay 0.0050% / 4h	54m 04s	$4.7M	$42.9M	20x
Short	Coinbase International VVV-PERP-INTX	32.278	0.0192	get 0.0024% / 1h	54m 04s	$242K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.211%Rate

Funding earned: $19.32
Price spread: −0.211% → +0.022%: −$23.3
Slippage, 4 orders: −$77.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$101.79
Costs to cover: 0.978%
Break-even: 43.9 days

Slippage from OKX: live order book, 5 min ago; Coinbase International: 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 OKX live order book, 5 min ago	2.49 bp	15.0 bp −$15	63.9 bp −$639	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	24.90 bp	29.9 bp −$30	37.9 bp −$379	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
Kalshi KXVVVPERP	0.0000%	8h	32.310	−0.111%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.288	−0.179%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.291	−0.172%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.465%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.296	−0.153%	$397K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0058%	1h	32.276	−0.216%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.320	−0.080%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.347	+0.003%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.311	−0.108%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.054	−0.903%	$56K	$299K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.293	−0.164%	$125K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.350	+0.012%	$74.9M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.341	−0.015%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.318	−0.087%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.337	−0.028%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.327	−0.058%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	32.346	long leg	$4.7M	$42.9M	20x
Gate VVV_USDT	+0.0100%	4h	32.337	−0.028%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.334	−0.037%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.338	−0.025%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.328	−0.056%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.337	−0.028%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.149	−0.610%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.289	−0.177%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.342	−0.012%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.308	−0.118%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.316	−0.094%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.293	−0.164%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	32.165	−0.559%	$80K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	32.296	−0.155%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0142%	1h	32.352	+0.019%	$122K	$361K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0170%	1h	32.283	−0.194%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0192%	1h	32.278	−0.211%	$242K	$1.4M	25x