Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h +0.034%

Price spread now: edgeX against Coinbase International−0.653%77s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.054% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.957%+$96 · spread now −0.653%, 7d avg +0.008%

Together, before fees+0.944%+ Points / potential airdropedgeX: Active · farm board+$94 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.662% cheaper against Coinbase International than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of +0.008%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% 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	Coinbase International VVV-PERP-INTX	32.219	0.0320	pay 0.0040% / 1h	25m 58s	$248K	$1.3M	25x
Short	edgeX VVVUSDC	32.009	0.0102	get 0.0051% / 4h	3h 25m	$80K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.653%Rate

Funding earned: −$45.76
Price spread: −0.653% → +0.008%: −$66.17
Slippage, 4 orders: −$86.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$217.28
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; edgeX: live order book, 47 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, 3 min ago	12.61 bp	20.9 bp −$21	43.2 bp −$432	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	0.79 bp	36.5 bp −$37	doesn't fit	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
Polymarket Perps VVV-USD	−0.0279%	1h	32.108	−0.346%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0064%	1h	32.071	−0.461%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.088	−0.407%	$395K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.116	−0.321%	$111K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.028	−0.594%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.095	−0.387%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.114	−0.327%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.864%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0048%	4h	32.055	−0.511%	$10.8M	$7.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.095	−0.387%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.065	−0.480%	$474K	$1.6M	5x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.090	−0.402%	$39.3M	$51.5M	20x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.103	−0.360%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.092	−0.396%	$74.4M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.080	−0.434%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.122	−0.302%	$192K	$187K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.093	−0.392%	$33.7M	$154.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.091	−0.399%	$4.7M	$41.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.101	−0.368%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.099	−0.374%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.133	−0.268%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.073	−0.455%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.098	−0.376%	$125K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.088	−0.409%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.110	−0.340%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.095	−0.386%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.098	−0.377%	$3K	$106	5x	as long as short
edgeX VVVUSDCshort	+0.0102%	4h	32.009	−0.653%	$80K	$333K	10x
Extended VVV-USD	+0.0104%	1h	32.135	−0.261%	$306K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.087	−0.410%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0130%	4h	32.012	−0.644%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	32.105	−0.354%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0320%	1h	32.219	long leg	$248K	$1.3M	25x