Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.022%

Price spread now: MEXC against Coinbase International+0.196%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.339%+$34 · spread now +0.196%, 7d avg +0.014%

Together, before fees+0.320%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.182% dearer against Coinbase International than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.014%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	31.498	−0.0088	get 0.0011% / 1h	0m 58s	$187K	$1.3M	25x
Short	MEXC VVV_USDT	31.560	0.0100	get 0.0050% / 4h	1h 00m	$6.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.196%Rate

Funding earned: $39.48
Price spread: +0.196% → +0.014%: $18.19
Slippage, 4 orders: −$34.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $12.77
Costs to cover: 0.449%
Break-even: 4.7 days

Slippage from Coinbase International: live order book, 3 min ago; MEXC: 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, 3 min ago	7.99 bp	17.5 bp −$17	28.1 bp −$281	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.16 bp	1.5 bp −$2	55.6 bp −$556	238.0 bp −$23.8K	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	−0.0105%	1h	31.539	+0.129%	$88K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTXlong	−0.0088%	1h	31.498	long leg	$187K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.586	+0.278%	$387K	$654K	5x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.601	+0.326%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.580	+0.259%	$92K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.608	+0.349%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.196%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.554	+0.175%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.559	+0.192%	$466K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.611	+0.358%	$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	31.616	+0.375%	$143K	$924K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.567	+0.219%	$70.7M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.563	+0.206%	$250K	$792K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.629	+0.415%	$187K	$126K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.562	+0.202%	$33.9M	$117.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.545	+0.148%	$38.6M	$40.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.549	+0.161%	$4.9M	$29.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.525	+0.084%	$11.4M	$5.5M	25x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.560	+0.196%	$6.9M	$5.7M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.546	+0.151%	$1.7M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.542	+0.138%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.543	+0.142%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.664	+0.526%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.606	+0.342%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.624	+0.400%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.560	+0.196%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.547	+0.153%	$303K	$1.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.601	+0.327%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.614	+0.366%	$79K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0107%	4h	31.565	+0.211%	$1.4M	$1.5M	25x	as long as short
Phoenix VVV	+0.0307%	1h	31.698	+0.634%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0400%	1h	31.559	+0.191%	$155K	$269K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.603	+0.331%	$507K	—	100x	as long as short