Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h 0.000%

Price spread now: Coinbase International against Paradex−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.076% cheaper against Paradex than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	31.580	0.0100	pay 0.0100% / 8h	59m 30s	$3K	$73	5x
Short	Coinbase International VVV-PERP-INTX	31.556	−0.0088	pay 0.0011% / 1h	59m 30s	$188K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$39.48
Price spread: −0.076% → 0.000%: −$7.65
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$61.13
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	7.99 bp	20.3 bp −$20	31.1 bp −$311	doesn't fit	doesn't fit

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International VVV-PERP-INTXshort	−0.0088%	1h	31.556	−0.076%	$188K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.546	−0.107%	$387K	$654K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.583	+0.009%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.573	−0.023%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.562	−0.056%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.926%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.571	−0.029%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.572	−0.026%	$467K	$1.6M	5x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	31.580	long leg	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	31.561	−0.059%	$142K	$924K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.595	+0.047%	$70.8M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.600	+0.063%	$250K	$772K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.578	−0.006%	$186K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.611	+0.098%	$34.0M	$117.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.600	+0.063%	$38.6M	$40.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.619	+0.123%	$4.9M	$29.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.564	−0.051%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.575	−0.016%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.560	−0.064%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.573	−0.023%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.584	+0.012%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.531	−0.156%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.566	−0.045%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.624	+0.140%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.565	−0.048%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.578	−0.008%	$302K	$1.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.565	−0.048%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0107%	4h	31.565	−0.048%	$1.4M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.576	−0.014%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0208%	1h	31.618	+0.120%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.698	+0.373%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0406%	1h	31.608	+0.087%	$155K	$267K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.568	−0.040%	$508K	—	100x	as long as short