Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h −0.034%

Price spread now: Coinbase International against Binance−0.030%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now −0.030%, 7d avg −0.027%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	32.472	0.0100	pay 0.0050% / 4h	2h 07m	$34.3M	$155.5M	25x
Short	Coinbase International VVV-PERP-INTX	32.462	0.0232	get 0.0029% / 1h	7m 17s	$216K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.030%Rate

Funding earned: $27.72
Price spread: −0.030% → −0.027%: −$0.3
Slippage, 4 orders: −$56.68
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$49.26
Costs to cover: 0.767%
Break-even: 19.4 days

Slippage from Binance: live order book, 6 min ago; Coinbase International: live order book, 1 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 Binance live order book, 6 min ago	0.47 bp	7.8 bp −$8	39.1 bp −$391	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	21.98 bp	33.5 bp −$33	46.6 bp −$466	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
Kalshi KXVVVPERP	0.0000%	8h	32.388	−0.258%	$114K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.468	−0.011%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.072%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.362	−0.338%	$1.3M	$1.8M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0061%	1h	32.465	−0.020%	$93K	$22K	10x	as long as short
Phoenix VVV	+0.0077%	1h	32.248	−0.689%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.461	−0.034%	$414K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.426	−0.142%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.409	−0.193%	$484K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.469	−0.007%	$150K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.411	−0.187%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.424	−0.146%	$193K	$176K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	32.472	long leg	$34.3M	$155.5M	25x
Bybit VVVUSDT	+0.0100%	4h	32.452	−0.060%	$40.0M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.462	−0.030%	$4.8M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.453	−0.058%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.465	−0.021%	$17.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.395	−0.236%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.440	−0.098%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.471	−0.002%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.319	−0.470%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.467	−0.015%	$156K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.449	−0.071%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.400	−0.221%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.423	−0.151%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.463	−0.027%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.451	−0.063%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.365	−0.330%	$80K	$331K	10x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	32.537	+0.201%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.452	−0.061%	$568K	—	100x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0232%	1h	32.462	−0.030%	$216K	$1.2M	25x
Hyperliquid VVV	+0.0252%	1h	32.511	+0.121%	$75.2M	$55.1M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0343%	1h	32.431	−0.126%	$123K	$379K	5x	as long as short