Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.052%

Price spread now: BingX against gTrade (Gains Network)+0.207%46s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.207% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	gTrade (Gains Network) VVV/USD	31.331	L +0.0004% / S −0.0002%	pay 0.0000% / 1h	1m 28s	$22K	—	150x
Short	BingX VVV-USDT	31.396	0.0100	get 0.0050% / 4h	2h 01m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.207%Rate

Funding earned: $20.18
Price spread: +0.207% → 0.000%: $20.71
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $18.89
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	0.48 bp	13.4 bp −$13	39.5 bp −$395	216.2 bp −$21.6K	756.2 bp −$378.1K

gTrade (Gains Network): 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 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	−0.0329%	1h	31.353	+0.069%	$390K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.403	+0.230%	$191K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.327	−0.014%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0002%	1h	31.331	long leg	$22K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.752%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.359	+0.088%	$2.0M	$4.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.385	+0.172%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.358	+0.087%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.383	+0.167%	$163K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.408	+0.245%	$70.6M	$48.0M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.369	+0.122%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.382	+0.162%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.381	+0.160%	$33.9M	$121.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.359	+0.089%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.369	+0.121%	$4.9M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.370	+0.124%	$11.1M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.385	+0.172%	$6.7M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.354	+0.073%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.364	+0.105%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.396	+0.207%	—	$4.9M	—
Variational Omni VVV	+0.0100%	4h	31.292	−0.125%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.360	+0.092%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.310	−0.068%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.326	−0.016%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.374	+0.137%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.335	+0.014%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	31.353	+0.070%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.362	+0.099%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0134%	8h	31.371	+0.127%	$100K	$5.5M	1.7x	as long as short
BloFin VVV-USDT	+0.0139%	4h	31.381	+0.159%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	31.312	−0.061%	$33K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0198%	1h	31.336	+0.015%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0440%	1h	31.396	+0.207%	$152K	$263K	5x	as long as short