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 −0.035%

Price spread now: Coinbase International against BingX−0.148%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.198%−$20 · spread now −0.148%, 7d avg −0.005%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.143% cheaper against BingX than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of −0.005%). If the spread goes back, that is −$14 on $10k: about 3.6 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.038% in total) that is about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	32.380	0.0100	pay 0.0050% / 4h	2h 11m	—	$5.4M	—
Short	Coinbase International VVV-PERP-INTX	32.332	0.0232	get 0.0029% / 1h	11m 15s	$215K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.148%Rate

Funding earned: $27.72
Price spread: −0.148% → −0.005%: −$14.28
Slippage, 4 orders: −$53.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.88
Costs to cover: 0.733%
Break-even: 22.1 days

Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago	0.16 bp	8.8 bp −$9	23.3 bp −$233	223.6 bp −$22.4K	615.7 bp −$307.9K
Sell Coinbase International live order book, 2 min ago	19.64 bp	24.7 bp −$25	43.3 bp −$433	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	32.380	0.000%	$114K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.366	−0.043%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.359%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0064%	4h	32.381	+0.003%	$1.3M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.267	−0.349%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.355	−0.076%	$412K	$581K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0080%	1h	32.394	+0.042%	$93K	$22K	10x	as long as short
Lighter VVV	+0.0096%	1h	32.383	+0.011%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.365	−0.046%	$483K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.368	−0.037%	$149K	$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	32.383	+0.009%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.346	−0.105%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.390	+0.031%	$34.2M	$155.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.379	−0.003%	$40.0M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.378	−0.006%	$4.8M	$42.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.361	−0.059%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.391	+0.034%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.343	−0.114%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.362	−0.056%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	32.380	long leg	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	32.022	−1.107%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.362	−0.056%	$157K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.296	−0.259%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.319	−0.188%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.354	−0.079%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.372	−0.025%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.384	+0.012%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.149	−0.714%	$80K	$332K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	32.397	+0.053%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0164%	1h	32.422	+0.130%	$75.1M	$55.1M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.361	−0.058%	$566K	—	100x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0232%	1h	32.332	−0.148%	$215K	$1.3M	25x
Backpack VVV_USDC_PERP	+0.0311%	1h	32.346	−0.106%	$123K	$380K	5x	as long as short