Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.025%

Price spread now: edgeX against Coinbase International+0.285%77s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as 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−$1331.328% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.285%, 7d avg +0.022%

Together, before fees−0.011%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.264% dearer against Coinbase International than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 77 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	30.630	−0.0040	get 0.0005% / 1h	28m 06s	$142K	$1.2M	25x
Short	edgeX VVVUSDC	30.717	0.0109	get 0.0054% / 4h	2h 28m	$76K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.285%Rate

Funding earned: $31.26
Price spread: +0.285% → +0.022%: $26.35
Slippage, 4 orders: −$113.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$75.15
Costs to cover: 1.328%
Break-even: 23.8 days

Slippage from Coinbase International: live order book, just now; edgeX: live order book, 20 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, just now	13.65 bp	26.9 bp −$27	33.3 bp −$333	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	1.47 bp	72.2 bp −$72	doesn't fit	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	−0.0329%	1h	30.664	+0.112%	$381K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTXlong	−0.0040%	1h	30.630	long leg	$142K	$1.2M	25x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.675	+0.148%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.677	+0.155%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.151%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.688	+0.190%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0087%	1h	30.676	+0.151%	$118K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.686	+0.184%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.690	+0.197%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.674	+0.144%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.684	+0.179%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.697	+0.219%	$69.1M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.708	+0.255%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.700	+0.230%	$181K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.696	+0.216%	$33.1M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.669	+0.127%	$38.0M	$41.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.678	+0.157%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.684	+0.177%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.695	+0.213%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.694	+0.210%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.689	+0.193%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.705	+0.246%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	+0.254%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.664	+0.110%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.685	+0.180%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.677	+0.154%	$294K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.684	+0.179%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0107%	4h	30.725	+0.311%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDCshort	+0.0109%	4h	30.717	+0.285%	$76K	$334K	10x
Kalshi KXVVVPERP	+0.0199%	8h	30.703	+0.239%	$94K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.725	+0.311%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0384%	1h	30.706	+0.247%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0176%	1h	30.670	+0.132%	$535K	—	100x	as long as short