Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.003%

Price spread now: Gate against Coinbase International−0.106%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.657%+$66 · spread now −0.106%, 7d avg −0.084%

Together, before fees+0.472%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.084%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	31.333	−0.0040	get 0.0005% / 1h	13m 59s	$162K	$1.3M	25x
Short	Gate VVV_USDT	31.300	0.0100	get 0.0050% / 4h	2h 13m	$11.0M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.106%Rate

Funding earned: $29.4
Price spread: −0.106% → −0.084%: −$2.22
Slippage, 4 orders: −$90.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.58
Costs to cover: 1.158%
Break-even: 28.1 days

Slippage from Coinbase International: live order book, 4 min ago; Gate: 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 Coinbase International live order book, 4 min ago	24.09 bp	35.0 bp −$35	46.5 bp −$465	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.94 bp	23.1 bp −$23	156.8 bp −$1,568	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	31.165	−0.537%	$392K	$649K	5x	as long as short
Coinbase International VVV-PERP-INTXlong	−0.0040%	1h	31.333	long leg	$162K	$1.3M	25x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.212	−0.386%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.745%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0077%	1h	31.229	−0.332%	$87K	$22K	10x	as long as short
BloFin VVV-USDT	+0.0079%	4h	31.051	−0.901%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.312	−0.068%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.333	−0.001%	$459K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.208	−0.398%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.212	−0.386%	$164K	$894K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.306	−0.086%	$70.5M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.309	−0.077%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.225	−0.345%	$184K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.316	−0.055%	$33.8M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.281	−0.166%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.306	−0.087%	$5.0M	$31.1M	20x	as long as short
Gate VVV_USDTshort	+0.0100%	4h	31.300	−0.106%	$11.0M	$5.7M	25x
MEXC VVV_USDT	+0.0100%	4h	31.309	−0.078%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.306	−0.087%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.290	−0.138%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.295	−0.122%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.009	−1.034%	$1.9M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.173	−0.512%	$117K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.217	−0.372%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.303	−0.097%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.300	−0.106%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.245	−0.280%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.053	−0.895%	$77K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.188	−0.464%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0162%	8h	31.283	−0.161%	$93K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.034	−0.955%	$32K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0422% / S −0.0197%	1h	31.210	−0.393%	$499K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0432%	1h	31.341	+0.024%	$113K	$243K	5x	as long as short