Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.027%

Price spread now: Coinbase International against edgeX−0.386%77s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as 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−$1431.430% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.386%, 7d avg −0.024%

Together, before fees+0.096%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.362% cheaper against edgeX than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% 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	edgeX VVVUSDC	30.411	0.0120	pay 0.0060% / 4h	3h 25m	$76K	$332K	10x
Short	Coinbase International VVV-PERP-INTX	30.294	−0.0088	pay 0.0011% / 1h	25m 36s	$145K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.386%Rate

Funding earned: −$43.65
Price spread: −0.386% → −0.024%: −$36.18
Slippage, 4 orders: −$124.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$222.88
Costs to cover: 1.430%
Break-even: never at this rate

Slippage from edgeX: live order book, 28 min ago; Coinbase International: live order book, 3 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 edgeX live order book, 28 min ago	0.81 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	23.85 bp	28.9 bp −$29	40.8 bp −$408	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	−0.0417%	1h	30.338	−0.240%	$372K	$639K	5x	as long as short
Polymarket Perps VVV-USD	−0.0145%	1h	30.295	−0.381%	$122K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTXshort	−0.0088%	1h	30.294	−0.386%	$145K	$1.2M	25x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.340	−0.232%	$84K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.318	−0.306%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.922%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.351	−0.197%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0094%	4h	30.369	−0.138%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.363	−0.159%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.367	−0.145%	$443K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.352	−0.195%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.328	−0.274%	$139K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.333	−0.256%	$68.4M	$49.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.373	−0.124%	$242K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.375	−0.118%	$179K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.365	−0.151%	$32.6M	$126.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.357	−0.178%	$37.8M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.359	−0.171%	$4.7M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.344	−0.220%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.381	−0.099%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.321	−0.296%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.348	−0.207%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.374	−0.122%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.303	−0.354%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.332	−0.259%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.367	−0.145%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.353	−0.191%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.339	−0.237%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0120%	4h	30.411	long leg	$76K	$332K	10x
Kalshi KXVVVPERP	+0.0122%	8h	30.317	−0.309%	$101K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0129%	1h	30.417	+0.020%	$32K	$257K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0225%	1h	30.358	−0.173%	$118K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0423% / S −0.0174%	1h	30.310	−0.331%	$531K	—	100x	as long as short