Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.029%

Price spread now: Polymarket Perps against Binance−0.280%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 3 days (all we have)+0.489%+$49 · spread now −0.280%, 7d avg −0.044%

Together, before fees+0.332%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.237% cheaper against Binance than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.344	0.0100	pay 0.0050% / 4h	2h 43m	$33.1M	$154.3M	25x
Short	Polymarket Perps VVV-USD	31.256	0.0061	get 0.0008% / 1h	43m 58s	$134K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$8.1
Price spread: −0.280% → −0.044%: −$23.66
Slippage, 4 orders: −$22.09
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.85
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Polymarket Perps: live order book, 4 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 Binance live order book, 14 min ago	0.16 bp	11.5 bp −$12	35.0 bp −$350	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.55 bp	6.6 bp −$7	9.5 bp −$95	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	−0.0204%	1h	31.280	−0.203%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0040%	1h	31.248	−0.306%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.271	−0.232%	$112K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.287	−0.181%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.709%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USDshort	+0.0061%	1h	31.256	−0.280%	$134K	$1.2M	3x
Phoenix VVV	+0.0077%	1h	31.272	−0.229%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.260	−0.268%	$383K	$572K	5x	as long as short
BloFin VVV-USDT	+0.0088%	4h	31.265	−0.252%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.316	−0.088%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.301	−0.137%	$462K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.276	−0.218%	$144K	$780K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.358	+0.045%	$71.5M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.324	−0.064%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.256	−0.281%	$186K	$176K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.344	long leg	$33.1M	$154.3M	25x
Bybit VVVUSDT	+0.0100%	4h	31.345	+0.004%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.352	+0.026%	$4.6M	$40.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.350	+0.020%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.349	+0.016%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.332	−0.038%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.344	0.000%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.354	+0.032%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.225	−0.379%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.279	−0.208%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.300	−0.140%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.255	−0.284%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.353	+0.030%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.299	−0.142%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.259	−0.272%	$78K	$331K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0176%	1h	31.348	+0.014%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.291	−0.169%	$179K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.277	−0.213%	$522K	—	100x	as long as short