Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Extended−0.007%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.007%, 7d avg +0.050%

Together, before fees+0.083%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VVV-USD	32.295	0.0104	pay 0.0013% / 1h	14m 23s	$325K	$1.6M	5x
Short	Binance VVVUSDT	32.293	0.0100	get 0.0050% / 4h	1h 14m	$33.8M	$157.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$0.84
Price spread: −0.007% → +0.050%: −$5.69
Slippage, 4 orders: −$52.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.19
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Binance: live order book, 14 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 Extended live order book, 4 min ago	0.82 bp	19.2 bp −$19	203.0 bp −$2,030	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.16 bp	11.6 bp −$12	35.5 bp −$355	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	0.0000%	1h	32.285	−0.032%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.295	−0.002%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.624%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.307	+0.037%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.298	+0.008%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.131	−0.509%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.297	+0.007%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.307	+0.035%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.305	+0.030%	$185K	$183K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	32.293	−0.007%	$33.8M	$157.6M	25x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.285	−0.032%	$39.7M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.298	+0.008%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.290	−0.017%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.310	+0.045%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.313	+0.055%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.279	−0.051%	$5.9M	$9.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.299	+0.011%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.172	−0.381%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.288	−0.023%	$139K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.291	−0.014%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.265	−0.094%	$2.1M	$2.1M	50x	as long as short
Kalshi KXVVVPERP	+0.0100%	8h	32.265	−0.094%	$107K	$6.9M	1.7x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.324	+0.089%	$3K	$106	5x	as long as short
Extended VVV-USDlong	+0.0104%	1h	32.295	long leg	$325K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.283	−0.038%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.300	+0.014%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.191	−0.325%	$80K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.233	−0.192%	$240K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.298	+0.010%	$398K	$603K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.295	−0.002%	$621K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0228%	1h	32.297	+0.006%	$122K	$373K	5x	as long as short
Hyperliquid VVV	+0.0307%	1h	32.334	+0.120%	$75.0M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0336%	1h	32.305	+0.030%	$12K	$3K	3x	as long as short