Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.008%

Price spread now: Bitget against Coinbase International+0.226%47s7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as 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−$740.738% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.226%, 7d avg −0.070%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.296% dearer against Coinbase International than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour. The two prices were read 47 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	Coinbase International VVV-PERP-INTX	31.404	0	get 0.0000% / 1h	51m 34s	$187K	$1.3M	25x
Short	Bitget VVVUSDT	31.475	0.0100	get 0.0050% / 4h	3h 51m	$5.7M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.226%Rate

Funding earned: $21
Price spread: +0.226% → −0.070%: $29.64
Slippage, 4 orders: −$51.83
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$23.19
Costs to cover: 0.738%
Break-even: 14.7 days

Slippage from Coinbase International: live order book, 2 min ago; Bitget: 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 Coinbase International live order book, 2 min ago	9.38 bp	14.4 bp −$14	27.5 bp −$275	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.18 bp	18.1 bp −$18	52.9 bp −$529	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
RISEx VVV/USDC	−0.0349%	1h	31.470	+0.210%	$385K	$666K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.486	+0.261%	$95K	$5.2M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.455	+0.162%	$88K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTXlong	0.0000%	1h	31.404	long leg	$187K	$1.3M	25x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.474	+0.223%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.509%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0056%	4h	31.498	+0.300%	$1.3M	$1.4M	25x	as long as short
Gate VVV_USDT	+0.0072%	4h	31.458	+0.172%	$11.8M	$4.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.483	+0.250%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.492	+0.281%	$464K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.470	+0.210%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.514	+0.352%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.521	+0.372%	$70.3M	$43.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.520	+0.369%	$249K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.495	+0.291%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.518	+0.362%	$33.6M	$109.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.487	+0.265%	$38.4M	$39.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.510	+0.338%	$4.8M	$26.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.523	+0.379%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.489	+0.271%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	31.475	+0.226%	$5.7M	$6.4M	20x
BingX VVV-USDT	+0.0100%	4h	31.491	+0.277%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.341	−0.201%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.487	+0.265%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	+0.283%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.467	+0.201%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.497	+0.295%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.498	+0.298%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.458	+0.172%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.443	+0.125%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0400%	1h	31.532	+0.408%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0216%	1h	31.442	+0.121%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0836%	1h	31.484	+0.255%	$160K	$266K	5x	as long as short