Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.011%

Price spread now: OKX against Coinbase International+0.008%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 3 days (all we have)+0.522%+$52 · spread now +0.008%, 7d avg −0.022%

Together, before fees+0.426%+$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.030% dearer against Coinbase International than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.547	0.0144	pay 0.0018% / 1h	46m 58s	$198K	$1.1M	25x
Short	OKX VVV-USDT-SWAP	32.549	0.0100	get 0.0050% / 4h	1h 46m	$4.8M	$42.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$9.24
Price spread: +0.008% → −0.022%: $2.95
Slippage, 4 orders: −$51.84
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.13
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago	11.89 bp	16.9 bp −$17	26.9 bp −$269	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.38 bp	15.6 bp −$16	57.9 bp −$579	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
Kalshi KXVVVPERP	0.0000%	8h	32.577	+0.094%	$105K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.547	0.000%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.554	+0.022%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.840%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.563	+0.051%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.550	+0.011%	$487K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.658	+0.343%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.573	+0.081%	$150K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.561	+0.045%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.589	+0.132%	$187K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.547	+0.002%	$34.3M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.510	−0.112%	$40.0M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	32.549	+0.008%	$4.8M	$42.8M	20x
Gate VVV_USDT	+0.0100%	4h	32.539	−0.023%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.572	+0.078%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.564	+0.054%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.543	−0.011%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.581	+0.106%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.608	+0.190%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.554	+0.023%	$144K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.556	+0.028%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.559	+0.038%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.567	+0.063%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.550	+0.010%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.572	+0.079%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.677	+0.400%	$81K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0124%	4h	32.608	+0.189%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0144%	1h	32.547	long leg	$198K	$1.1M	25x
RISEx VVV/USDC	+0.0175%	1h	32.567	+0.064%	$399K	$592K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0190% / S +0.0135%	1h	32.554	+0.022%	$592K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0316%	1h	32.582	+0.108%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0512%	1h	32.595	+0.149%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0747%	1h	32.604	+0.177%	$76.0M	$55.3M	3x	as long as short