Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin+0.499%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1721.724% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.499%, 7d avg +0.052%

Together, before fees−0.134%−$13 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: Phemex is 0.447% dearer against KuCoin than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.466	0.0100	pay 0.0050% / 4h	3h 36m	$1.7M	$2.7M	20x
Short	Phemex VVVUSDT	31.623	0.0100	get 0.0050% / 4h	3h 36m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.499%Rate

Funding earned: $0
Price spread: +0.499% → +0.052%: $44.71
Slippage, 4 orders: −$148.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$127.72
Costs to cover: 1.724%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Phemex: 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, 10 min ago	9.90 bp	49.9 bp −$50	809.7 bp −$8,097	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.95 bp	39.8 bp −$40	doesn't fit	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	−0.0349%	1h	31.600	+0.425%	$387K	$685K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.627	+0.512%	$98K	$5.2M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.607	+0.447%	$88K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+1.034%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.605	+0.442%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.303%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0062%	4h	31.611	+0.461%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.435	−0.099%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.441	−0.079%	$463K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.427	−0.123%	$3K	$29	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.334	−0.418%	$157K	$990K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.444	−0.070%	$248K	$498K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.462	−0.012%	$185K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.355	−0.352%	$33.5M	$106.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.319	−0.467%	$38.2M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.320	−0.464%	$4.8M	$25.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.437	−0.092%	$11.9M	$4.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.450	−0.051%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.466	long leg	$1.7M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	31.311	−0.493%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.342	−0.394%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.453	−0.040%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.334	−0.420%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.599	+0.421%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	31.623	+0.499%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.369	−0.307%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.613	+0.466%	$6K	—	3x	as long as short
Hyperliquid VVV	+0.0107%	1h	31.459	−0.022%	$69.9M	$42.8M	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.500	+0.109%	$78K	$329K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.608	+0.451%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0368%	1h	31.337	−0.410%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0218%	1h	31.598	+0.419%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0865%	1h	31.626	+0.509%	$169K	$262K	5x	as long as short