Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Extended against BingX−0.001%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.001%, 7d avg −0.025%

Together, before fees+0.039%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.964	0.0100	pay 0.0050% / 4h	3h 55m	—	$5.5M	—
Short	Extended VVV-USD	31.964	0.0104	get 0.0013% / 1h	55m 31s	$303K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0.84
Price spread: −0.001% → −0.025%: $2.4
Slippage, 4 orders: −$51.21
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$62.96
Costs to cover: 0.662%
Break-even: 531.7 days

Slippage from BingX: live order book, 14 min ago; Extended: live order book, 3 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 BingX live order book, 14 min ago	0.16 bp	9.5 bp −$9	26.8 bp −$268	246.2 bp −$24.6K	707.1 bp −$353.6K
Sell Extended live order book, 3 min ago	1.54 bp	20.3 bp −$20	258.5 bp −$2,585	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
Polymarket Perps VVV-USD	−0.0159%	1h	31.971	+0.022%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.940	−0.075%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.968	+0.013%	$393K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.944	−0.063%	$109K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.943	−0.065%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.892	−0.226%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.678%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0087%	4h	31.937	−0.084%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.905	−0.184%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.901	−0.197%	$475K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.983	+0.059%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.925	−0.122%	$74.0M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.934	−0.094%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.938	−0.081%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.952	−0.039%	$33.5M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.964	+0.001%	$39.2M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.004	+0.125%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.961	−0.009%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.937	−0.084%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.927	−0.116%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.982	+0.056%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.964	long leg	—	$5.5M	—
Backpack VVV_USDC_PERP	+0.0100%	1h	31.918	−0.144%	$124K	$339K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.948	−0.051%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.925	−0.123%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.914	−0.156%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.937	−0.084%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	31.964	−0.001%	$303K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	31.942	−0.067%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.933	−0.096%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.945	−0.059%	$56K	$298K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.870	−0.295%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+0.981%	$242K	$1.3M	25x	as long as short