Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%

Price spread now: BingX against Bybit+0.009%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on Bybit Short on BingX

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+0.100%+$10 · spread now +0.009%, 7d avg +0.064%

Together, before fees+0.223%+$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: BingX is 0.055% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.906	0.0100	pay 0.0050% / 4h	7m 39s	$39.2M	$51.8M	20x
Short	BingX VVV-USDT	31.909	0.0100	get 0.0050% / 4h	7m 39s	—	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.064%: −$5.49
Slippage, 4 orders: −$42.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.75
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 2 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 Bybit live order book, 1 min ago	0.16 bp	14.6 bp −$15	48.7 bp −$487	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.16 bp	15.7 bp −$16	36.0 bp −$360	213.4 bp −$21.3K	532.4 bp −$266.2K

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	−0.0239%	1h	31.904	−0.005%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0028%	1h	31.878	−0.088%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.890	−0.050%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.902	−0.013%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.919	+0.041%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.864%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.894	−0.038%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.907	+0.002%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.893	−0.041%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.875	−0.096%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.917	+0.034%	$74.0M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.914	+0.023%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.927	+0.067%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.910	+0.012%	$33.4M	$155.9M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.906	long leg	$39.2M	$51.8M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.901	−0.016%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.910	+0.012%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.914	+0.025%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.919	+0.040%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.916	+0.031%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.909	+0.009%	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	31.830	−0.237%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.914	+0.024%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.910	+0.012%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.911	+0.017%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.896	−0.031%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.904	−0.006%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	31.900	−0.019%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.888	−0.055%	$79K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.787	−0.373%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0126%	1h	31.920	+0.043%	$124K	$348K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.901	−0.016%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.165%	$242K	$1.3M	25x	as long as short