Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.035%

Price spread now: BingX against Deribit+0.125%54s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.125% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	32.472	−0.0092	get 0.0011% / 1h	52m 20s	$92K	$23K	10x
Short	BingX VVV-USDT	32.513	0.0100	get 0.0050% / 4h	1h 52m	—	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $40.26
Price spread: +0.125% → 0.000%: $12.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $35.76
Costs to cover: 0.170%
Break-even: 0.8 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 13 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	0.46 bp	14.2 bp −$14	34.9 bp −$349	217.1 bp −$21.7K	711.2 bp −$355.6K

Deribit: 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 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-PERPETUALlong	−0.0092%	1h	32.472	long leg	$92K	$23K	10x
Kalshi KXVVVPERP	0.0000%	8h	32.540	+0.208%	$105K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.500	+0.085%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.070%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.513	+0.124%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.497	+0.076%	$486K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.539	+0.205%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.534	+0.191%	$150K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.486	+0.043%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.503	+0.093%	$193K	$176K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.502	+0.091%	$34.3M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.498	+0.079%	$40.0M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.495	+0.070%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.497	+0.076%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.517	+0.137%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.493	+0.063%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.500	+0.085%	$5.9M	$8.7M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	32.513	+0.125%	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	32.467	−0.017%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.511	+0.119%	$147K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.496	+0.072%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.447	−0.078%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.516	+0.136%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.510	+0.117%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.499	+0.081%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.474	+0.005%	$1.4M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.506	+0.105%	$81K	$331K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.451	−0.066%	$200K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.527	+0.168%	$399K	$590K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0120%	1h	32.494	+0.066%	$567K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0382%	1h	32.481	+0.026%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0544%	1h	32.569	+0.297%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0989%	1h	32.573	+0.310%	$75.9M	$55.3M	3x	as long as short