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 −0.023%

Price spread now: Phemex against BingX0.000%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now 0.000%, 7d avg +0.021%

Together, before fees−0.216%−$22 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: Phemex is 0.021% 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 +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	30.577	0.0100	pay 0.0050% / 4h	2h 38m	—	$4.9M	—
Short	Phemex VVVUSDT	30.577	0.0100	get 0.0050% / 4h	2h 38m	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.021%: −$2.12
Slippage, 4 orders: −$85.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$109.19
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Phemex: live order book, 5 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, 7 min ago	0.16 bp	15.4 bp −$15	39.1 bp −$391	356.0 bp −$35.6K	687.8 bp −$343.9K
Sell Phemex live order book, 5 min ago	1.63 bp	36.7 bp −$37	doesn't fit	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
RISEx VVV/USDC	−0.0329%	1h	30.523	−0.175%	$379K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	+0.173%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.575	−0.006%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.567	−0.033%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.336%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0044%	4h	30.633	+0.183%	$1.3M	$1.5M	25x	as long as short
Polymarket Perps VVV-USD	+0.0059%	1h	30.545	−0.105%	$117K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.543	−0.111%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.567	−0.034%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.571	−0.020%	$445K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.550	−0.088%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.549	−0.090%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.571	−0.020%	$68.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.585	+0.025%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.587	+0.031%	$180K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.580	+0.011%	$33.0M	$122.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.553	−0.079%	$37.9M	$41.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.569	−0.026%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.568	−0.029%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.578	+0.003%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.566	−0.036%	$1.8M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.545	−0.105%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	30.577	long leg	—	$4.9M	—
Variational Omni VVV	+0.0100%	4h	30.591	+0.047%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.559	−0.060%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.577	0.000%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.560	−0.054%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.563	−0.046%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	30.663	+0.280%	$76K	$331K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.638	+0.199%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0210%	8h	30.591	+0.046%	$94K	$5.4M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0393%	1h	30.615	+0.123%	$120K	$240K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.558	−0.063%	$533K	—	100x	as long as short