Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.045%

Price spread now: BloFin against Polymarket Perps−0.186%45s7-day average +0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$30 on $10k

Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.186%, 7d avg +0.054%

Together, before fees+0.632%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.240% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.186% now, against its 7-day average of +0.054%). If the spread goes back, that is −$24 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.305% in total) that is about 5.5 days. The two prices were read 45 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	Polymarket Perps VVV-USD	31.706	0.0100	pay 0.0013% / 1h	42m 02s	$123K	$1.4M	3x
Short	BloFin VVV-USDT	31.647	0.0147	get 0.0074% / 4h	42m 02s	$1.4M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.186%Rate

Funding earned: $9.93
Price spread: −0.186% → +0.054%: −$24.04
Slippage, 4 orders: −$17.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.34
Costs to cover: 0.372%
Break-even: 43.2 days

Slippage from Polymarket Perps: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago	3.01 bp	8.2 bp −$8	8.3 bp −$83	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.32 bp	11.5 bp −$12	27.3 bp −$273	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
RISEx VVV/USDC	−0.0337%	1h	31.719	+0.041%	$389K	$660K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.520	−0.585%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.710	+0.013%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.737	+0.097%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.755	+0.154%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.514%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.736	+0.096%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.741	+0.110%	$467K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.696	−0.032%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.708	+0.008%	$147K	$933K	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	31.776	+0.221%	$71.2M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.726	+0.062%	$251K	$666K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.703	−0.009%	$187K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.728	+0.069%	$33.9M	$114.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.703	−0.009%	$38.7M	$40.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.704	−0.006%	$4.9M	$28.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.740	+0.107%	$11.7M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.723	+0.054%	$7.0M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.705	−0.003%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.714	+0.025%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.745	+0.123%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.569	−0.431%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USDlong	+0.0100%	1h	31.706	long leg	$123K	$1.4M	3x
Derive VVV-PERP	+0.0100%	1h	31.742	+0.113%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.733	+0.085%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.713	+0.022%	$302K	$1.5M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.731	+0.079%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.651	−0.173%	$79K	$332K	10x	as long as short
BloFin VVV-USDTshort	+0.0147%	4h	31.647	−0.186%	$1.4M	$1.4M	25x
01 Exchange VVVUSD	+0.0176%	1h	31.703	−0.009%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.603	−0.325%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0210%	1h	31.751	+0.140%	$510K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0452%	1h	31.776	+0.220%	$164K	$274K	5x	as long as short