Settings8H · net · $10k
Funding arb · Price arb /

VVV

all VVV markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h −0.003%
Price spread now: Coinbase International against Deribit−0.116%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.197%+$20 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Coinbase International is 0.116% cheaper against Deribit than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.8 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit VVV_USDC-PERPETUAL32.2710.0004pay 0.0001% / 1h14m 54s$91K$23K10x
ShortCoinbase International VVV-PERP-INTX32.2330.0144get 0.0018% / 1h14m 54s$240K$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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

Funding earned
$29.36
Price spread: −0.116% → 0.000%
−$11.56
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$0.81
Costs to cover
0.170%
Break-even
6.8 days
Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit no order-book sample
Sell Coinbase International live order book, 4 min ago21.94 bp26.9 bp −$2733.6 bp −$336doesn't fitdoesn't fit
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit VVV_USDC-PERPETUALlong+0.0004%1h32.271long leg$91K$23K10x
gTrade (Gains Network) VVV/USDL +0.0004% / S −0.0004%1h32.283+0.039%$19K150xas long as short
Injective VVV/USDC PERP+0.0033%1h32.820+1.702%$2K$1K5.5xas long as short
Lighter VVV+0.0096%1h32.294+0.071%$2.3M$5.5M5xas long as short
Lighter RH VVV+0.0096%1h32.271+0.001%$480K$1.6M5xas long as short
Phoenix VVV+0.0098%1h32.131−0.433%$56K$294K5xas long as short
Nado VVV-PERP+0.0100%1h32.281+0.030%$149K$783K3xas long as short
Aster VVVUSDT+0.0100%4h32.322+0.159%$266K$1.9M10xas long as short
Pacifica VVV+0.0100%1h32.2710.000%$185K$183K10xas long as short
Binance VVVUSDT+0.0100%4h32.299+0.089%$33.8M$157.6M25xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit VVVUSDT+0.0100%4h32.297+0.081%$39.7M$52.8M20xas long as short
OKX VVV-USDT-SWAP+0.0100%4h32.302+0.097%$4.7M$43.0M20xas long as short
Gate VVV_USDT+0.0100%4h32.307+0.112%$10.9M$7.8M25xas long as short
MEXC VVV_USDT+0.0100%4h32.323+0.162%$6.3M$7.1M50xas long as short
KuCoin VVVUSDTM+0.0100%4h32.302+0.097%$2.0M$2.9M20xas long as short
Bitget VVVUSDT+0.0100%4h32.300+0.091%$5.9M$9.0M20xas long as short
BingX VVV-USDT+0.0100%4h32.312+0.128%$5.5Mas long as short
Variational Omni VVV+0.0100%4h32.172−0.304%$2.1M$183Kas long as short
Polymarket Perps VVV-USD+0.0100%1h32.257−0.042%$139K$1.2M3xas long as short
Derive VVV-PERP+0.0100%1h32.257−0.041%$1K$1K5xas long as short
Phemex VVVUSDT+0.0100%4h32.265−0.018%$2.1M$2.1M50xas long as short
Kalshi KXVVVPERP+0.0100%8h32.265−0.018%$107K$6.9M1.7xas long as short
Paradex VVV-USD-PERP+0.0100%8h32.275+0.014%$3K$1065xas long as short
Extended VVV-USD+0.0104%1h32.288+0.055%$325K$1.6M5xas long as short
Aevo VVV-PERP+0.0104%1h32.274+0.011%$6K$13K3xas long as short
BloFin VVV-USDT+0.0112%4h32.300+0.091%$1.3M$1.8M25xas long as short
edgeX VVVUSDC+0.0112%4h32.191−0.248%$80K$333K10xas long as short
Coinbase International VVV-PERP-INTXshort+0.0144%1h32.233−0.116%$240K$1.3M25x
RISEx VVV/USDC+0.0175%1h32.270−0.002%$397K$603K5xas long as short
GMX VVV/USD [ETH-USDC]L +0.0186% / S +0.0167%1h32.2710.000%$621K100xas long as short
Backpack VVV_USDC_PERP+0.0228%1h32.297+0.083%$122K$373K5xas long as short
Hyperliquid VVV+0.0315%1h32.294+0.072%$74.9M$56.1M3xas long as short
01 Exchange VVVUSD+0.0344%1h32.280+0.029%$12K$3K3xas long as short