Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Extended against BingX−0.047%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

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

costs, in and out, $10k−$590.588% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.047%, 7d avg −0.025%

Together, before fees+0.085%+ Points / potential airdropExtended: Active · farm board+$8 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: Extended is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	32.093	0.0100	pay 0.0050% / 4h	3h 40m	—	$5.4M	—
Short	Extended VVV-USD	32.078	0.0104	get 0.0013% / 1h	40m 51s	$304K	$1.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0.84
Price spread: −0.047% → −0.025%: −$2.21
Slippage, 4 orders: −$43.76
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$60.12
Costs to cover: 0.588%
Break-even: 508.0 days

Slippage from BingX: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago	0.16 bp	12.9 bp −$13	39.4 bp −$394	328.5 bp −$32.8K	712.9 bp −$356.4K
Sell Extended live order book, 3 min ago	1.45 bp	19.4 bp −$19	196.4 bp −$1,964	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
Polymarket Perps VVV-USD	−0.0289%	1h	32.036	−0.178%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	32.053	−0.125%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0043%	1h	32.058	−0.109%	$91K	$23K	10x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.053	−0.124%	$394K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.088	−0.016%	$109K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	−0.028%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.075	−0.057%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.265%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0080%	4h	32.078	−0.047%	$10.8M	$7.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.050	−0.133%	$2.2M	$5.9M	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	32.043	−0.156%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.079	−0.042%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.083	−0.031%	$74.3M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.100	+0.022%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.102	+0.029%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.101	+0.025%	$33.7M	$154.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.089	−0.014%	$39.4M	$51.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.100	+0.022%	$4.7M	$41.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.090	−0.009%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.075	−0.056%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.060	−0.103%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	32.093	long leg	—	$5.4M	—
Backpack VVV_USDC_PERP	+0.0100%	1h	32.073	−0.061%	$124K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.112%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.062	−0.097%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	−0.053%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.047	−0.144%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.078	−0.047%	$304K	$1.9M	5x
Aevo VVV-PERP	+0.0104%	1h	32.059	−0.105%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.062	−0.097%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0133%	4h	32.063	−0.093%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	32.059	−0.106%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.106	+0.041%	$247K	$1.3M	25x	as long as short