Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.011%

Price spread now: Coinbase International against OKX+0.045%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)−0.575%−$57 · spread now +0.045%, 7d avg +0.022%

Together, before fees−0.478%−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.023% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	32.204	0.0100	pay 0.0050% / 4h	1h 06m	$4.7M	$42.8M	20x
Short	Coinbase International VVV-PERP-INTX	32.218	0.0144	get 0.0018% / 1h	6m 40s	$238K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.045%Rate

Funding earned: $9.24
Price spread: +0.045% → +0.022%: $2.32
Slippage, 4 orders: −$75.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.33
Costs to cover: 0.959%
Break-even: 70.9 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	1.71 bp	16.2 bp −$16	69.2 bp −$692	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	25.32 bp	30.3 bp −$30	30.4 bp −$304	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.195	−0.029%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.191	−0.039%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.913%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0083%	4h	32.207	+0.009%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.243	+0.122%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.208	+0.012%	$479K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.243	+0.121%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.179	−0.078%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.208	+0.011%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.238	+0.107%	$193K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.225	+0.065%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.227	+0.073%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	32.204	long leg	$4.7M	$42.8M	20x
Gate VVV_USDT	+0.0100%	4h	32.199	−0.016%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.231	+0.084%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.186	−0.056%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.220	+0.050%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.223	+0.059%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.054%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.172	−0.099%	$145K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.199	−0.016%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.199	−0.016%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.233	+0.091%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0101%	8h	32.205	+0.003%	$108K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.203	−0.003%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.187	−0.053%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.198	−0.019%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0144%	1h	32.218	+0.045%	$238K	$1.3M	25x
RISEx VVV/USDC	+0.0175%	1h	32.217	+0.042%	$396K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0185% / S +0.0168%	1h	32.186	−0.055%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0221%	1h	32.239	+0.107%	$122K	$365K	5x	as long as short
Hyperliquid VVV	+0.0229%	1h	32.247	+0.134%	$74.8M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0296%	1h	32.168	−0.112%	$11K	$3K	3x	as long as short