Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.023%

Price spread now: Injective against BingX+4.636%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 4.636% dearer against BingX than usual: you sell high and buy low (spread +4.636% now, against zero (this spread has no 7-day history yet)): +$464 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.366	0.0100	pay 0.0050% / 4h	2h 06m	—	$5.4M	—
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	6m 52s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.636%Rate

Funding earned: −$14
Price spread: +4.636% → 0.000%: $463.56
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $439.54
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 13 min ago; Injective: no order-book sample. 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 BingX live order book, 13 min ago	0.16 bp	11.1 bp −$11	30.1 bp −$301	353.7 bp −$35.4K	721.7 bp −$360.8K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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	31.273	−0.298%	$384K	$639K	5x	as long as short
Gate VVV_USDT	−0.0034%	4h	31.330	−0.115%	$10.5M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0025%	1h	31.278	−0.281%	$134K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.344	−0.070%	$42K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.320	−0.148%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.304	−0.196%	$20K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+4.636%	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.332	−0.110%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.314	−0.166%	$462K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.274	−0.294%	$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	31.295	−0.225%	$130K	$849K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.360	−0.019%	$72.3M	$53.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.312	−0.172%	$253K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.291	−0.240%	$187K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.358	−0.026%	$33.3M	$148.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.346	−0.065%	$38.4M	$50.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.351	−0.048%	$4.7M	$39.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.358	−0.026%	$6.3M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.328	−0.121%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.349	−0.054%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.366	long leg	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	31.321	−0.145%	$2.0M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.310	−0.178%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.336	−0.096%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.356	−0.031%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.285	−0.257%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.228	−0.439%	$78K	$335K	10x	as long as short
Kalshi KXVVVPERP	+0.0109%	8h	31.283	−0.265%	$111K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.287	−0.252%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0124%	1h	31.292	−0.236%	$563K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.333	−0.104%	$155K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0275%	1h	31.384	+0.056%	$121K	$315K	5x	as long as short