VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against KuCoin+0.031%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1331.327% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.031%, 7d avg −0.053%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.084% dearer against KuCoin than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.053%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.105% in total) that is about 5.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	32.261	0.0100	pay 0.0050% / 4h	1h 05m	$1.7M	$2.6M	20x
Short	Gate VVV_USDT	32.271	−0.0096	pay 0.0048% / 4h	1h 05m	$12.9M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$41.16
Price spread: +0.031% → −0.053%: $8.38
Slippage, 4 orders: −$105.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$165.52
Costs to cover: 1.327%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: 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	9.02 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.65 bp	26.3 bp −$26	116.8 bp −$1,168	doesn't fit	doesn't fit

VVV on 33 exchanges

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	−0.0142%	1h	32.271	+0.031%	$366K	$740K	5x	as long as short
Gate VVV_USDTshort	−0.0096%	4h	32.271	+0.031%	$12.9M	$5.1M	25x
Kalshi KXVVVPERP	0.0000%	8h	32.286	+0.077%	$140K	$5.4M	1.6x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.269	+0.025%	$86K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.259	−0.007%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.127	−0.414%	$168K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.733%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0047%	1h	32.269	+0.025%	$86K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0071%	4h	32.292	+0.096%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.272	+0.033%	$2.0M	$3.8M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.281	+0.062%	$487K	$1.4M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.280	+0.059%	$163K	$911K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.333	+0.223%	$75.4M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.314	+0.166%	$257K	$505K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.290	+0.090%	$199K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.320	+0.183%	$33.5M	$97.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.318	+0.178%	$38.1M	$37.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.306	+0.139%	$4.7M	$23.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.296	+0.108%	$7.9M	$4.6M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	32.261	long leg	$1.7M	$2.6M	20x
Bitget VVVUSDT	+0.0100%	4h	32.292	+0.096%	$5.9M	$5.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.280	+0.059%	—	$4.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.245	−0.050%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.121	−0.434%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.255	−0.019%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.266	+0.017%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.276	+0.048%	$301K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.273	+0.038%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.228	−0.102%	$80K	$320K	10x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	32.299	+0.118%	$12K	$2K	3x	as long as short
Phoenix VVV	+0.0198%	1h	32.259	−0.006%	$33K	$192K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0349%	1h	32.318	+0.177%	$177K	$255K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.255	−0.018%	$519K	—	100x	as long as short