Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex−0.161%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1641.639% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.161%, 7d avg −0.052%

Together, before fees+0.058%+$6 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: KuCoin is 0.109% cheaper against Phemex than usual: you would sell low and buy high, −$11 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	Phemex VVVUSDT	31.029	0.0100	pay 0.0050% / 4h	1h 52m	$2.0M	$2.1M	50x
Short	KuCoin VVVUSDTM	30.979	0.0100	get 0.0050% / 4h	1h 52m	$1.8M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.161%Rate

Funding earned: $0
Price spread: −0.161% → −0.052%: −$10.92
Slippage, 4 orders: −$139.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$174.81
Costs to cover: 1.639%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; KuCoin: 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 Phemex live order book, 1 min ago	0.80 bp	38.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	11.05 bp	44.5 bp −$45	188.3 bp −$1,883	doesn't fit	doesn't fit

VVV on 32 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	−0.0152%	1h	31.052	+0.073%	$381K	$644K	5x	as long as short
Gate VVV_USDT	−0.0054%	4h	31.005	−0.077%	$10.4M	$6.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0028%	1h	31.048	+0.061%	$133K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.014	−0.050%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.017	−0.039%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.772%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	31.058	+0.093%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.013	−0.052%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.012	−0.055%	$459K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.093	+0.206%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.034	+0.016%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.037	+0.026%	$71.4M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.041	+0.039%	$251K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.125	+0.309%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.940	−0.288%	$33.0M	$146.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.919	−0.355%	$38.0M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.919	−0.355%	$4.7M	$38.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.995	−0.110%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	30.979	−0.161%	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.976	−0.171%	$5.6M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.032	+0.010%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	+0.778%	$2.0M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.001	−0.089%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.029	long leg	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0102%	4h	31.123	+0.304%	$77K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.006	−0.073%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.996	−0.108%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0127%	8h	30.996	−0.106%	$106K	$6.2M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.101	+0.232%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.041	+0.040%	$154K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.005	−0.076%	$559K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0240%	1h	31.039	+0.032%	$122K	$308K	5x	as long as short