Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.004%

Price spread now: Polymarket Perps against OKX−0.070%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.320%+$32 · spread now −0.070%, 7d avg +0.004%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.074% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.553	0.0100	pay 0.0050% / 4h	2h 31m	$4.7M	$41.2M	20x
Short	Polymarket Perps VVV-USD	31.531	0.0044	get 0.0006% / 1h	31m 36s	$136K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$11.71
Price spread: −0.070% → +0.004%: −$7.35
Slippage, 4 orders: −$29.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$66.88
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: 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 OKX live order book, 2 min ago	1.59 bp	15.9 bp −$16	79.5 bp −$795	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.49 bp	7.8 bp −$8	8.0 bp −$80	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
Deribit VVV_USDC-PERPETUAL	−0.0042%	1h	31.512	−0.129%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.564	+0.035%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.552	−0.003%	$117K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.535	−0.057%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.015%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	31.507	−0.146%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USDshort	+0.0044%	1h	31.531	−0.070%	$136K	$1.2M	3x
Phoenix VVV	+0.0077%	1h	31.509	−0.139%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.556	+0.009%	$387K	$571K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.548	−0.016%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.537	−0.051%	$468K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.539	−0.043%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.566	+0.041%	$72.0M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.524	−0.091%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.550	−0.010%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.566	+0.041%	$33.4M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.546	−0.021%	$38.9M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.553	long leg	$4.7M	$41.2M	20x
Gate VVV_USDT	+0.0100%	4h	31.539	−0.044%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.557	+0.013%	$17.0M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.524	−0.092%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.551	−0.006%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.550	−0.010%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.438	−0.363%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.523	−0.094%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.483	−0.222%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.548	−0.015%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.551	−0.006%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.523	−0.094%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.507	−0.145%	$78K	$331K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0209%	1h	31.524	−0.092%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.575	+0.069%	$193K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0195%	1h	31.535	−0.057%	$539K	—	100x	as long as short