Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.023%

Price spread now: Coinbase International against MEXC+0.140%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.771%−$77 · spread now +0.140%, 7d avg −0.010%

Together, before fees−0.747%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.150% dearer against MEXC than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.010%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.338	0.0100	pay 0.0050% / 4h	2h 06m	$6.6M	$5.7M	50x
Short	Coinbase International VVV-PERP-INTX	31.382	−0.0040	pay 0.0005% / 1h	6m 37s	$187K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$29.4
Price spread: +0.140% → −0.010%: $15.02
Slippage, 4 orders: −$36.15
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.52
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.16 bp	4.6 bp −$5	59.4 bp −$594	229.3 bp −$22.9K	doesn't fit
Sell Coinbase International live order book, 2 min ago	14.00 bp	19.0 bp −$19	33.7 bp −$337	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	−0.0329%	1h	31.305	−0.105%	$393K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTXshort	−0.0040%	1h	31.382	+0.140%	$187K	$1.3M	25x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.314	−0.078%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.729%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.312	−0.082%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.339	+0.003%	$459K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.319	−0.060%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.334	−0.014%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.359	+0.067%	$70.5M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.332	−0.018%	$249K	$1.0M	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	31.339	+0.004%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.349	+0.035%	$33.9M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.310	−0.091%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.314	−0.077%	$4.9M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.316	−0.070%	$11.0M	$5.7M	25x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.338	long leg	$6.6M	$5.7M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.342	+0.013%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.315	−0.073%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.321	−0.054%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.200	−0.440%	$1.9M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.309	−0.093%	$117K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.311	−0.087%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.293	−0.144%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.331	−0.023%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.273	−0.208%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.227	−0.353%	$78K	$331K	10x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0111%	1h	31.330	−0.026%	$87K	$22K	10x	as long as short
BloFin VVV-USDT	+0.0121%	4h	31.329	−0.029%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.336	−0.006%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0146%	8h	31.247	−0.290%	$93K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.199	−0.444%	$33K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0416%	1h	31.355	+0.053%	$149K	$242K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0423% / S −0.0198%	1h	31.301	−0.119%	$499K	—	100x	as long as short