Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.002%

Price spread now: OKX against Coinbase International−0.084%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$850.845% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.084%, 7d avg −0.033%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.051% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.033%). If the spread goes back, that is −$5 on $10k: about 4.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, 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	30.870	0.0064	pay 0.0008% / 1h	16m 09s	$145K	$1.2M	25x
Short	OKX VVV-USDT-SWAP	30.844	0.0100	get 0.0050% / 4h	16m 09s	$4.8M	$32.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $7.56
Price spread: −0.084% → −0.033%: −$5.08
Slippage, 4 orders: −$64.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.05
Costs to cover: 0.845%
Break-even: 83.0 days

Slippage from Coinbase International: live order book, 2 min ago; OKX: 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	19.78 bp	30.1 bp −$30	44.4 bp −$444	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.43 bp	14.8 bp −$15	58.0 bp −$580	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	−0.0299%	1h	30.847	−0.075%	$378K	$630K	5x	as long as short
Polymarket Perps VVV-USD	−0.0080%	1h	30.855	−0.048%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.863	−0.021%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.875	+0.017%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.317%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.867	−0.009%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0042%	4h	30.852	−0.058%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0064%	1h	30.870	long leg	$145K	$1.2M	25x
BloFin VVV-USDT	+0.0065%	4h	30.891	+0.068%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.853	−0.054%	$2.1M	$5.3M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.863	−0.022%	$450K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.851	−0.060%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.870	0.000%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.849	−0.068%	$70.4M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.882	+0.039%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.889	+0.061%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.862	−0.024%	$33.0M	$129.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.840	−0.097%	$38.4M	$43.1M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	30.844	−0.084%	$4.8M	$32.9M	20x
MEXC VVV_USDT	+0.0100%	4h	30.880	+0.033%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.868	−0.006%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.836	−0.110%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.856	−0.045%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.848	−0.072%	$1.9M	$283K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.865	−0.017%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.869	−0.003%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.865	−0.015%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.875	+0.018%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	30.875	+0.017%	$77K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	30.872	+0.008%	$120K	$249K	5x	as long as short
Kalshi KXVVVPERP	+0.0146%	8h	30.923	+0.172%	$103K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.882	+0.039%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.865	−0.016%	$541K	—	100x	as long as short