Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%

Price spread now: Deribit against BingX+0.020%54s7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.020% dearer against BingX than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours. 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	BingX VVV-USDT	31.338	0.0100	pay 0.0050% / 4h	1h 58m	—	$5.4M	—
Short	Deribit VVV_USDC-PERPETUAL	31.344	0	get 0.0000% / 1h	58m 31s	$87K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$21
Price spread: +0.020% → 0.000%: $2.01
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.99
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; Deribit: no order-book sample. 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 BingX live order book, 7 min ago	0.32 bp	13.3 bp −$13	34.5 bp −$345	306.8 bp −$30.7K	745.9 bp −$373.0K
Sell Deribit no order-book sample	—	—	—	—	—

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 32 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	−0.0152%	1h	31.333	−0.017%	$385K	$644K	5x	as long as short
Phoenix VVV	0.0000%	1h	31.348	+0.032%	$38K	$227K	5x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.344	+0.020%	$87K	$24K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.320	−0.057%	$20K	—	150x	as long as short
Gate VVV_USDT	+0.0006%	4h	31.310	−0.089%	$10.5M	$6.1M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.729%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.361	+0.075%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.346	+0.026%	$463K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.365	+0.087%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.330	−0.026%	$130K	$846K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.350	+0.038%	$72.3M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.349	+0.035%	$254K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.390	+0.165%	$188K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.338	0.000%	$33.3M	$146.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.324	−0.044%	$38.4M	$49.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.341	+0.010%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.355	+0.054%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.345	+0.022%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.312	−0.083%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.338	long leg	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	31.347	+0.027%	$2.1M	$185K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.342	+0.013%	$135K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.327	−0.036%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.356	+0.057%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.353	+0.048%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.349	+0.034%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	+0.040%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	31.368	+0.096%	$110K	$6.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.333	−0.015%	$155K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.314	−0.076%	$564K	—	100x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	31.358	+0.064%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0402%	1h	31.403	+0.208%	$121K	$311K	5x	as long as short