Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.055%

Price spread now: BingX against gTrade (Gains Network)−0.044%46s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. BingX is 0.044% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day). The two prices were read 46 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	gTrade (Gains Network) VVV/USD	32.197	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	9m 28s	$19K	—	150x
Short	BingX VVV-USDT	32.183	0.0100	get 0.0050% / 4h	1h 09m	—	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $20.06
Price spread: −0.044% → 0.000%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.32
Costs to cover: 0.220%
Break-even: 9.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	0.62 bp	14.8 bp −$15	38.7 bp −$387	225.4 bp −$22.5K	620.7 bp −$310.4K

gTrade (Gains Network): 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
Kalshi KXVVVPERP	0.0000%	8h	32.188	−0.028%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.199	+0.004%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0004%	1h	32.197	long leg	$19K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.935%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.198	+0.002%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.181	−0.050%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.317	+0.372%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.182	−0.045%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.190	−0.021%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.190	−0.022%	$192K	$191K	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	32.199	+0.005%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.185	−0.036%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.200	+0.009%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.174	−0.072%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.193	−0.013%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.210	+0.040%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.191	−0.019%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	32.183	−0.044%	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	32.187	−0.032%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.182	−0.047%	$141K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.195	−0.005%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.192	−0.016%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.191	−0.019%	$3K	$106	5x	as long as short
BloFin VVV-USDT	+0.0102%	4h	32.211	+0.043%	$1.3M	$1.8M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	32.178	−0.060%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.192	−0.016%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	32.198	+0.003%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.193	−0.012%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.189	−0.025%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0168%	1h	32.191	−0.018%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0218%	1h	32.227	+0.093%	$122K	$368K	5x	as long as short
Hyperliquid VVV	+0.0254%	1h	32.206	+0.028%	$74.7M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	32.199	+0.006%	$12K	$3K	3x	as long as short