Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.002%

Price spread now: Coinbase International against KuCoin+0.112%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1431.434% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.608%−$61 · spread now +0.112%, 7d avg +0.041%

Together, before fees−0.522%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.041%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% 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	KuCoin VVVUSDTM	30.608	0.0100	pay 0.0050% / 4h	3h 16m	$1.9M	$2.8M	20x
Short	Coinbase International VVV-PERP-INTX	30.642	−0.0088	pay 0.0011% / 1h	16m 53s	$143K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$39.48
Price spread: +0.112% → +0.041%: $7.07
Slippage, 4 orders: −$121.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$175.78
Costs to cover: 1.434%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Coinbase International: 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 KuCoin live order book, 5 min ago	12.43 bp	40.5 bp −$41	460.9 bp −$4,609	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	20.95 bp	27.3 bp −$27	37.1 bp −$371	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
RISEx VVV/USDC	−0.0417%	1h	30.589	−0.063%	$375K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0126%	1h	30.581	−0.088%	$128K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTXshort	−0.0088%	1h	30.642	+0.112%	$143K	$1.2M	25x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.597	−0.035%	$85K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.606	−0.007%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.227%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.617	+0.029%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0082%	4h	30.608	0.000%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.609	+0.003%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.613	+0.016%	$447K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.615	+0.021%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.630	+0.070%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.615	+0.023%	$69.0M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.616	+0.025%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.632	+0.079%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.588	−0.066%	$32.9M	$125.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.556	−0.169%	$38.0M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.593	−0.049%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.569	−0.127%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.600	−0.026%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	30.608	long leg	$1.9M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.590	−0.059%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.582	−0.085%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.628	+0.066%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.598	−0.031%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.613	+0.016%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	30.632	+0.078%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.597	−0.036%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.607	−0.003%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.657	+0.160%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0206%	8h	30.635	+0.088%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0287%	1h	30.627	+0.063%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.602	−0.018%	$534K	—	100x	as long as short