Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex+0.089%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1541.542% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.089%, 7d avg −0.051%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.140% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.486	0.0100	pay 0.0050% / 4h	1h 41m	$2.0M	$2.1M	50x
Short	KuCoin VVVUSDTM	31.514	0.0100	get 0.0050% / 4h	1h 41m	$1.8M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.051%: $14
Slippage, 4 orders: −$130.2
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$140.2
Costs to cover: 1.542%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; KuCoin: live order book, 6 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 Phemex live order book, 2 min ago	2.07 bp	40.5 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	8.93 bp	39.8 bp −$40	226.7 bp −$2,267	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.588	+0.323%	$190K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.503	+0.056%	$386K	$649K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.524	+0.121%	$87K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.478	−0.027%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.509	+0.074%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.517	+0.098%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.237%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.462	−0.075%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.492	+0.019%	$462K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.512	+0.084%	$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	31.462	−0.078%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.549	+0.200%	$70.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.547	+0.192%	$251K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.527	+0.129%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.520	+0.108%	$34.0M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.500	+0.043%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.470	−0.051%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.515	+0.092%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.529	+0.137%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	31.514	+0.089%	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.495	+0.029%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.525	+0.124%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	−0.686%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.514	+0.089%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.476	−0.033%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.486	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.485	−0.005%	$301K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.498	+0.039%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.370	−0.370%	$78K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0131%	4h	31.499	+0.041%	$1.4M	$1.5M	25x	as long as short
Phoenix VVV	+0.0307%	1h	31.402	−0.267%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0429% / S −0.0201%	1h	31.507	+0.067%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0506%	1h	31.539	+0.169%	$150K	$264K	5x	as long as short