Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.026%

Price spread now: BingX against Coinbase International+0.015%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.791% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 3 days (all we have)+0.466%+$47 · spread now +0.015%, 7d avg −0.012%

Together, before fees+0.433%+$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.027% dearer against Coinbase International than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.033% in total) that is about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	31.333	0.0168	pay 0.0021% / 1h	59m 22s	$155K	$1.3M	25x
Short	BingX VVV-USDT	31.338	0.0100	get 0.0050% / 4h	1h 59m	—	$5.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$14.28
Price spread: +0.015% → −0.012%: $2.72
Slippage, 4 orders: −$59.11
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$90.67
Costs to cover: 0.791%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; BingX: live order book, 6 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 Coinbase International live order book, 4 min ago	22.38 bp	27.4 bp −$27	39.0 bp −$390	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	0.32 bp	11.1 bp −$11	29.4 bp −$294	226.9 bp −$22.7K	640.1 bp −$320.0K

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	31.306	−0.088%	$384K	$643K	5x	as long as short
Gate VVV_USDT	−0.0002%	4h	31.298	−0.113%	$10.5M	$6.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.348	+0.047%	$38K	$227K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.344	+0.035%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.306	−0.088%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.745%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.357	+0.076%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.288	−0.145%	$462K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.300	−0.106%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.314	−0.063%	$130K	$845K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.305	−0.090%	$72.2M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.332	−0.003%	$253K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.322	−0.036%	$187K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.324	−0.030%	$33.3M	$146.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.348	+0.046%	$38.4M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.350	+0.053%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.311	−0.071%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.311	−0.071%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.335	+0.005%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.338	+0.015%	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	31.347	+0.042%	$2.1M	$185K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.286	−0.151%	$134K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.327	−0.021%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.356	+0.072%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.351	+0.058%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.349	+0.049%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	+0.055%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	31.345	+0.037%	$110K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.329	−0.014%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0168%	1h	31.333	long leg	$155K	$1.3M	25x
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.303	−0.097%	$564K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0290%	1h	31.343	+0.032%	$121K	$311K	5x	as long as short