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 +0.010%

Price spread now: Coinbase International against Gate+0.181%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1151.145% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 3 days (all we have)−0.687%−$69 · spread now +0.181%, 7d avg +0.072%

Together, before fees−0.490%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.110% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	32.127	0.0100	pay 0.0050% / 4h	1h 18m	$10.8M	$7.8M	25x
Short	Coinbase International VVV-PERP-INTX	32.185	0.0144	get 0.0018% / 1h	18m 34s	$226K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.181%Rate

Funding earned: $9.24
Price spread: +0.181% → +0.072%: $10.95
Slippage, 4 orders: −$89.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$94.32
Costs to cover: 1.145%
Break-even: 78.5 days

Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 5 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 Gate live order book, 5 min ago	7.16 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	26.53 bp	31.5 bp −$32	31.6 bp −$316	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	−0.0146%	1h	32.075	−0.162%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.112	−0.047%	$106K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.090	−0.115%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.157%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0093%	4h	32.108	−0.059%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.148	+0.065%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.138	+0.034%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.095	−0.100%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.087	−0.123%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.113	−0.044%	$264K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.143	+0.050%	$184K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.115	−0.037%	$33.6M	$157.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.110	−0.052%	$39.5M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.141	+0.044%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	32.127	long leg	$10.8M	$7.8M	25x
MEXC VVV_USDT	+0.0100%	4h	32.139	+0.037%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.098	−0.090%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.123	−0.012%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.150	+0.072%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.091	−0.112%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.071	−0.174%	$138K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.089	−0.119%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.101	−0.081%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.141	+0.045%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.132	+0.016%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.091	−0.113%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.083	−0.137%	$80K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0144%	1h	32.185	+0.181%	$226K	$1.3M	25x
RISEx VVV/USDC	+0.0175%	1h	32.113	−0.044%	$394K	$598K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.086	−0.128%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0221%	1h	32.107	−0.062%	$121K	$374K	5x	as long as short
Hyperliquid VVV	+0.0339%	1h	32.179	+0.162%	$74.7M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0352%	1h	32.100	−0.084%	$11K	$3K	3x	as long as short