Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex−0.068%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1511.506% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.068%, 7d avg −0.054%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.745	0.0100	pay 0.0050% / 4h	2h 51m	$2.0M	$2.1M	50x
Short	KuCoin VVVUSDTM	30.724	0.0100	get 0.0050% / 4h	2h 51m	$1.9M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.054%: −$1.38
Slippage, 4 orders: −$126.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$151.96
Costs to cover: 1.506%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; KuCoin: live order book, 11 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 Phemex live order book, 2 min ago	2.28 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	11.43 bp	34.6 bp −$35	211.7 bp −$2,117	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
RISEx VVV/USDC	−0.0329%	1h	30.696	−0.159%	$379K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.723	−0.071%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.744	−0.002%	$86K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.720	−0.081%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.749%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0043%	1h	30.703	−0.137%	$118K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	30.711	−0.111%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.765	+0.065%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.778	+0.107%	$448K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.703	−0.137%	$3K	$73	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	30.710	−0.114%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.783	+0.124%	$69.4M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.748	+0.010%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.715	−0.097%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.778	+0.109%	$33.2M	$123.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.765	+0.066%	$38.1M	$42.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.777	+0.104%	$4.8M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.770	+0.081%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.779	+0.111%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	30.724	−0.068%	$1.9M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.757	+0.039%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.778	+0.107%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.690	−0.180%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.741	−0.014%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.745	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.740	−0.018%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.720	−0.082%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.668	−0.250%	$76K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0122%	4h	30.783	+0.124%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	30.690	−0.179%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0250%	8h	30.739	−0.020%	$94K	$5.6M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0176%	1h	30.722	−0.075%	$536K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0448%	1h	30.801	+0.181%	$120K	$240K	5x	as long as short