Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Bybit against BingX−0.052%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$620.623% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 7 days−0.064%−$6 · spread now −0.052%, 7d avg −0.063%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.185	0.0100	pay 0.0050% / 4h	2h 09m	—	$5.4M	—
Short	Bybit VVVUSDT	31.169	0.0100	get 0.0050% / 4h	2h 09m	$38.2M	$50.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.063%: $1.11
Slippage, 4 orders: −$41.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.15
Costs to cover: 0.623%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: 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 BingX live order book, 11 min ago	0.16 bp	11.1 bp −$11	30.1 bp −$301	353.7 bp −$35.4K	721.7 bp −$360.8K
Sell Bybit live order book, 4 min ago	0.16 bp	21.5 bp −$21	51.5 bp −$515	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.186	+0.003%	$383K	$641K	5x	as long as short
Gate VVV_USDT	−0.0044%	4h	31.164	−0.067%	$10.5M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0029%	1h	31.238	+0.170%	$133K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.546	+1.158%	$42K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.225	+0.129%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.216	+0.099%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.243%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.179	−0.021%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.213	+0.090%	$461K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.224	+0.124%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.233	+0.156%	$129K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.234	+0.157%	$72.1M	$53.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.177	−0.025%	$252K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.219	+0.108%	$187K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.187	+0.006%	$33.1M	$148.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.169	−0.052%	$38.2M	$50.4M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.185	0.000%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.222	+0.119%	$6.3M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.226	+0.131%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.175	−0.032%	$5.6M	$8.5M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.185	long leg	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	31.321	+0.435%	$2.0M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.223	+0.121%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.260	+0.241%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.187	+0.008%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.220	+0.111%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0111%	8h	31.244	+0.189%	$111K	$6.4M	1.7x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.350	+0.529%	$78K	$334K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.198	+0.042%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0124%	1h	31.216	+0.098%	$563K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.333	+0.476%	$155K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0262%	1h	31.230	+0.145%	$121K	$316K	5x	as long as short