Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.018%

Price spread now: Coinbase International against MEXC+0.103%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.516%−$52 · spread now +0.103%, 7d avg −0.014%

Together, before fees−0.501%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.117% dearer against MEXC than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.014%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.467	0.0100	pay 0.0050% / 4h	11m 50s	$6.9M	$5.4M	50x
Short	Coinbase International VVV-PERP-INTX	31.499	−0.0040	pay 0.0005% / 1h	11m 50s	$187K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$29.4
Price spread: +0.103% → −0.014%: $11.69
Slippage, 4 orders: −$32.67
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.38
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Coinbase International: 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 MEXC live order book, 1 min ago	0.79 bp	3.5 bp −$4	51.7 bp −$517	234.4 bp −$23.4K	doesn't fit
Sell Coinbase International live order book, 2 min ago	8.33 bp	20.7 bp −$21	38.4 bp −$384	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	−0.0337%	1h	31.463	−0.013%	$386K	$666K	5x	as long as short
Coinbase International VVV-PERP-INTXshort	−0.0040%	1h	31.499	+0.103%	$187K	$1.3M	25x
Kalshi KXVVVPERP	0.0000%	8h	31.504	+0.118%	$95K	$5.3M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.472	+0.016%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.300%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0036%	1h	31.489	+0.071%	$88K	$22K	10x	as long as short
Gate VVV_USDT	+0.0056%	4h	31.444	−0.073%	$11.7M	$5.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.441	−0.083%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.443	−0.076%	$463K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.466	−0.002%	$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	31.498	+0.099%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.488	+0.067%	$70.4M	$44.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.469	+0.005%	$249K	$620K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.485	+0.056%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.465	−0.007%	$33.6M	$112.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.440	−0.086%	$38.3M	$39.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.456	−0.035%	$4.8M	$28.0M	20x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.467	long leg	$6.9M	$5.4M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.453	−0.044%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.448	−0.060%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.471	+0.013%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.452	−0.049%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.476	+0.029%	$122K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.474	+0.023%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.515	+0.153%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.458	−0.029%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.475	+0.025%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	31.458	−0.030%	$78K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.518	+0.162%	$1.3M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0152%	1h	31.497	+0.095%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.579	+0.356%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0213%	1h	31.476	+0.028%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0444%	1h	31.516	+0.156%	$160K	$272K	5x	as long as short