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 +0.037%

Price spread now: Binance against Coinbase International−0.829%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+1.394%+$139 · spread now −0.829%, 7d avg +0.019%

Together, before fees+1.359%+$136 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.848% cheaper against Coinbase International than usual: you would sell low and buy high (−$85 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.278	0.0192	pay 0.0024% / 1h	21m 32s	$242K	$1.3M	25x
Short	Binance VVVUSDT	32.010	0.0100	get 0.0050% / 4h	21m 32s	$33.5M	$156.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.829%Rate

Funding earned: −$19.32
Price spread: −0.829% → +0.019%: −$84.77
Slippage, 4 orders: −$66.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$190.53
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 7 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 Coinbase International live order book, 2 min ago	24.65 bp	29.7 bp −$30	46.2 bp −$462	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.16 bp	12.9 bp −$13	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
Deribit VVV_USDC-PERPETUAL	−0.0112%	1h	32.001	−0.858%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.033	−0.758%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.021	−0.796%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0029%	1h	31.984	−0.910%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.680%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.995	−0.876%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.999	−0.864%	$393K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.018	−0.803%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.000	−0.860%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.007	−0.837%	$126K	$850K	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	32.044	−0.724%	$74.2M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.010	−0.829%	$263K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.023	−0.788%	$191K	$191K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	32.010	−0.829%	$33.5M	$156.4M	25x
Bybit VVVUSDT	+0.0100%	4h	31.993	−0.882%	$39.3M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.998	−0.867%	$4.6M	$42.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.988	−0.898%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.011	−0.826%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.992	−0.885%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.006	−0.842%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.001	−0.857%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.110	−0.520%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.012	−0.823%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.053	−0.696%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.010	−0.830%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.996	−0.872%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.017	−0.809%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.032	−0.762%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.110	−0.520%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0133%	1h	32.032	−0.760%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	32.031	−0.764%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0119%	1h	32.011	−0.827%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0192%	1h	32.278	long leg	$242K	$1.3M	25x