Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.030%

Price spread now: BingX against Polymarket Perps+0.083%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now +0.083%, 7d avg +0.022%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.061% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	31.272	0.0065	pay 0.0008% / 1h	45m 27s	$134K	$1.2M	3x
Short	BingX VVV-USDT	31.298	0.0100	get 0.0050% / 4h	2h 45m	—	$5.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now +0.083%Rate

Funding earned: $7.36
Price spread: +0.083% → +0.022%: $6.13
Slippage, 4 orders: −$18.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.55
Costs to cover: 0.360%
Break-even: 28.5 days

Slippage from Polymarket Perps: live order book, 3 min ago; BingX: 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 Polymarket Perps live order book, 3 min ago	2.55 bp	8.7 bp −$9	8.9 bp −$89	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.16 bp	9.9 bp −$10	35.1 bp −$351	211.9 bp −$21.2K	618.1 bp −$309.0K

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	−0.0057%	1h	31.261	−0.034%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0032%	1h	31.281	+0.029%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.247	−0.080%	$109K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.271	−0.003%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.950%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0056%	4h	31.240	−0.102%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USDlong	+0.0065%	1h	31.272	long leg	$134K	$1.2M	3x
Phoenix VVV	+0.0077%	1h	31.272	0.000%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.298	+0.082%	$384K	$572K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.311	+0.125%	$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	31.301	+0.093%	$462K	$1.6M	5x	as long as short
Gate VVV_USDT	+0.0098%	4h	31.290	+0.058%	$10.6M	$7.7M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.285	+0.043%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.331	+0.189%	$71.4M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.326	+0.173%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.313	+0.132%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.301	+0.093%	$33.1M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.290	+0.058%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.296	+0.077%	$4.6M	$40.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.305	+0.106%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.282	+0.032%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.275	+0.010%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.298	+0.083%	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	31.225	−0.150%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.261	−0.036%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.256	−0.051%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.309	+0.117%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.300	+0.089%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.272	0.000%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.259	−0.043%	$78K	$331K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0195%	1h	31.291	+0.061%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.473%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.262	−0.031%	$521K	—	100x	as long as short