Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0257%/8h= −28.1% APRpaid last 24h −0.032%

Price spread now: Polymarket Perps against BingX−0.032%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)+0.673%+$67 · spread now −0.032%, 7d avg −0.020%

Together, before fees+0.509%+$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.139	0.0100	pay 0.0050% / 4h	1h 57m	—	$5.4M	—
Short	Polymarket Perps VVV-USD	31.129	−0.0157	pay 0.0020% / 1h	57m 33s	$134K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$53.91
Price spread: −0.032% → −0.020%: −$1.25
Slippage, 4 orders: −$21.68
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$94.85
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Polymarket Perps: live order book, 1 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, 8 min ago	0.32 bp	13.3 bp −$13	34.5 bp −$345	306.8 bp −$30.7K	745.9 bp −$373.0K
Sell Polymarket Perps live order book, 1 min ago	0.48 bp	10.8 bp −$11	11.3 bp −$113	doesn't fit	doesn't fit

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
Polymarket Perps VVV-USDshort	−0.0157%	1h	31.129	−0.032%	$134K	$1.2M	3x
RISEx VVV/USDC	−0.0152%	1h	31.115	−0.078%	$382K	$644K	5x	as long as short
Gate VVV_USDT	−0.0070%	4h	31.127	−0.039%	$10.5M	$6.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.348	+0.671%	$38K	$227K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.324	+0.595%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.320	+0.582%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.398%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.113	−0.083%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.110	−0.093%	$459K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.115	−0.076%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.134	−0.014%	$130K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.156	+0.055%	$71.9M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.198	+0.188%	$252K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.141	+0.007%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.140	+0.003%	$33.1M	$146.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.139	−0.001%	$38.2M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.126	−0.042%	$4.7M	$38.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.148	+0.029%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.275	+0.437%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.123	−0.051%	$5.6M	$8.5M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.139	long leg	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	31.347	+0.666%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.318	+0.576%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.334	+0.626%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.105	−0.108%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.337	+0.636%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	+0.679%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0125%	8h	31.370	+0.742%	$110K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	31.131	−0.026%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.333	+0.624%	$155K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.314	+0.563%	$564K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0507%	1h	31.342	+0.653%	$121K	$311K	5x	as long as short