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 −0.002%

Price spread now: Coinbase International against Aster+0.172%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.540%−$54 · spread now +0.172%, 7d avg +0.014%

Together, before fees−0.542%+ Points / potential airdropAster: Stage 5 · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.159% dearer against Aster than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of +0.014%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 6 days (−0.002% in total) that is about 13 months.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.002% in total (about -0.2% 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	Aster VVVUSDT	31.280	0.0100	pay 0.0050% / 4h	1h 57m	$249K	$1.0M	10x
Short	Coinbase International VVV-PERP-INTX	31.334	−0.0088	pay 0.0011% / 1h	57m 45s	$191K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$39.48
Price spread: +0.172% → +0.014%: $15.85
Slippage, 4 orders: −$63.25
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$104.88
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from Aster: live order book, just now; Coinbase International: live order book, 1 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 Aster live order book, just now	3.20 bp	11.0 bp −$11	43.0 bp −$430	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	17.10 bp	28.9 bp −$29	37.4 bp −$374	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	31.334	+0.172%	$191K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.270	−0.031%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.257	−0.075%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.259	−0.068%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.923%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	31.292	+0.038%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.211	−0.221%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.208	−0.230%	$458K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.282	+0.007%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.303	+0.075%	$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	31.291	+0.035%	$70.4M	$48.0M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.280	long leg	$249K	$1.0M	10x
Pacifica VVV	+0.0100%	1h	31.306	+0.084%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.234	−0.147%	$33.7M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.239	−0.131%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.255	−0.080%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.260	−0.064%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.285	+0.016%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.284	+0.013%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.241	−0.125%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.277	−0.009%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.291	+0.036%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.262	−0.057%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.253	−0.086%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.267	−0.041%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.269	−0.034%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.271	−0.029%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.271	−0.029%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.345	+0.207%	$78K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0122%	8h	31.290	+0.032%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.393	+0.361%	$33K	$231K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0199%	1h	31.246	−0.109%	$500K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0519%	1h	31.298	+0.057%	$149K	$264K	5x	as long as short