Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.013%

Price spread now: Extended against BloFin−0.236%54s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.655% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.236%, 7d avg −0.079%

Together, before fees−0.049%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.157% cheaper against BloFin than usual: you would sell low and buy high (spread −0.236% now, against its 7-day average of −0.079%). If the spread goes back, that is −$16 on $10k: about 9.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	32.211	0.0050	pay 0.0025% / 4h	1h 08m	$1.3M	$1.8M	25x
Short	Extended VVV-USD	32.135	0.0104	get 0.0013% / 1h	8m 20s	$323K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.236%Rate

Funding earned: $11.35
Price spread: −0.236% → −0.079%: −$15.73
Slippage, 4 orders: −$48.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.87
Costs to cover: 0.655%
Break-even: 50.1 days

Slippage from BloFin: live order book, 4 min ago; Extended: 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 BloFin live order book, 4 min ago	0.16 bp	12.9 bp −$13	29.0 bp −$290	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.13 bp	19.0 bp −$19	246.3 bp −$2,463	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
Deribit VVV_USDC-PERPETUAL	−0.0033%	1h	32.128	−0.257%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.152	−0.184%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.891%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDTlong	+0.0050%	4h	32.211	long leg	$1.3M	$1.8M	25x
Lighter VVV	+0.0096%	1h	32.164	−0.145%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.177	−0.106%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.243	+0.099%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.159	−0.160%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.150	−0.189%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.195	−0.048%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.154	−0.176%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.130	−0.252%	$39.5M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.132	−0.245%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.144	−0.208%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.157	−0.168%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.178	−0.102%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.129	−0.255%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.148	−0.196%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.076%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.131	−0.248%	$145K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.141	−0.219%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.137	−0.230%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.191	−0.063%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0101%	8h	32.188	−0.071%	$107K	$6.9M	1.7x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.135	−0.236%	$323K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.147	−0.199%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.198	−0.040%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.218	+0.023%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.157	−0.167%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0185% / S +0.0168%	1h	32.150	−0.188%	$618K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0218%	1h	32.216	+0.016%	$122K	$365K	5x	as long as short
Hyperliquid VVV	+0.0244%	1h	32.167	−0.137%	$74.7M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	32.154	−0.177%	$11K	$3K	3x	as long as short