Funding arb · Price arb / Crypto

VVV

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LONGPerpl▾Kalshi 0.0000%Lighter +0.0096%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%Polymarket Perps +0.0100%Derive +0.0100%Phemex +0.0100%edgeX +0.0102%Extended +0.0104%Aevo +0.0104%Paradex +0.0112%Avantis +0.0146%Deribit +0.0154%Lighter RH +0.0208%Phoenix +0.0260%BloFin +0.0340%Backpack +0.0391%N1 +0.0392%GMX +0.0443%Perpl +0.0447%gTrade (Gains Network) +0.0447%RISEx +0.0751%Coinbase International +0.2208%Injective +0.5000%

⇄⇅

SHORTKuCoin▾Injective +0.5000%Coinbase International +0.2208%RISEx +0.0751%gTrade (Gains Network) −0.0677%N1 +0.0392%Backpack +0.0391%BloFin +0.0340%Phoenix +0.0260%Lighter RH +0.0208%GMX −0.0198%Deribit +0.0154%Paradex +0.0112%Extended +0.0104%Aevo +0.0104%edgeX +0.0102%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%Polymarket Perps +0.0100%Derive +0.0100%Phemex +0.0100%Nado +0.0100%Lighter +0.0096%Avantis −0.0010%Kalshi 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PerplVVV	27.768	+0.0447	pay 0.0040% / 43m	18m 44s	$10K	$167K	3x	Long Perpl
SHORT	KuCoinVVVUSDTM	27.720	+0.0100	get 0.0050% / 4h	3h 20m	$1.9M	$855K	20x	Short KuCoin

Price gap−0.173%

Funding gap−0.0347% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.152% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.102% in total, about +0.0049%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.173%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PerplKuCoin

VVV on 35 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• i
  Note: Order book unknown—

  No order-book sample for Perpl: its slippage is not counted.
• i
  Note: Margin at max leverage$3,333 + $500

  Perpl 3x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ43m / 4h

  Payments land at different times. Close right after the slower leg pays.

  Long Perpl · 43m−$13.60

  Short KuCoin · 4h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$10.60Long Perpl: 34 payments, −$13.60; short KuCoin: 6 payments, +$3.00.
• !
  Watch: Gap narrower than usual−0.173% vs −0.020%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$10K vs $1.9M OI

  Perpl sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legPerpl points

  Volume here counts toward the points program.
• !
  Watch: KYCPerpl No · KuCoin Yes

  Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0049%/8h × 21 periods+$10.19

Price spread−0.173% → −0.020% (7d avg)−$15.23

Slippage, 4 ordersno data for Perpl—

Fee Perpl bp × 2 orders−$6.90

Fee KuCoin bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$23.94

Costs to cover0.189%Break-even23.4 days

Slippage: Perpl: no order-book sample; KuCoin: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPerpl—————

SELL · SHORTKuCoin5.4229.1 bp−$29139.6 bp−$1,396doesn’t fitdoesn’t fit

Closing costs about the same again.
Perpl: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

VVV news

posts that mention VVV, from every exchangeSearch all news →

10-01 00:11	Derive	Token	September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗
09-23 15:23	Perpl	Listing	You can now trade $VVV with up to 3x leverage. For the next 24 hours, $1,000 in extra mPoints will be allocated to traders in proportion to their volume on the pair. @perpltrade on X ↗
09-23 15:22	Perpl	Listing	new market VVV ($VVV) seen by our collector
09-22 17:11	Avantis	Listing	new market VVV/USD ($VVV) seen by our collector
09-21 04:31	Bitget	Listing	$NEAR has surged over 80% in seven days after launching confidential-by-default perpetual futures. While $VVV is building privacy-focused AI that generates conversations and images without retaining user data. @bitget on X ↗
09-19 06:31	OKX	Listing	Trending this week on OKX: • Listed: $VVV & $PONS global Spot • New: 3 Tokenized Stocks & 10 X-Perps pairs • Added: $AEON to X Drops 🇺🇸 • Live: 10 new USDC Spot Margin pairs 🇪🇺 @okx on X ↗