Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.039%

Price spread now: BingX against Injective−5.186%102s7-day average — · you buy dearer than you sell

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. BingX is 5.186% cheaper against Injective than usual: you would sell low and buy high (spread −5.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$519 on $10k: about 9 months of funding at the current rate (+$2 a day). The two prices were read 102 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	9m 26s	$2K	$1K	5.5x
Short	BingX VVV-USDT	31.118	0.0100	get 0.0050% / 4h	1h 09m	—	$5.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −5.186%Rate

Funding earned: $14
Price spread: −5.186% → 0.000%: −$518.59
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$514.61
Costs to cover: 0.100%
Break-even: 264.3 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 6 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	0.16 bp	11.7 bp −$12	42.0 bp −$420	253.6 bp −$25.4K	645.9 bp −$322.9K

Injective: 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	−0.0152%	1h	31.084	−5.291%	$381K	$642K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.131	−5.147%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.112	−5.204%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0004%	4h	31.092	−5.265%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Polymarket Perps VVV-USD	+0.0072%	1h	31.086	−5.283%	$130K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	31.105	−5.225%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.099	−5.244%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.104	−5.229%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.103	−5.230%	$143K	$842K	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	31.115	−5.195%	$71.4M	$50.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.118	−5.186%	$250K	$1.2M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.127	−5.160%	$184K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.110	−5.211%	$33.0M	$137.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.098	−5.248%	$38.2M	$45.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.100	−5.241%	$4.7M	$36.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.114	−5.198%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.126	−5.161%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.103	−5.232%	$5.7M	$7.8M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.118	−5.186%	—	$5.2M	—
Variational Omni VVV	+0.0100%	4h	31.125	−5.165%	$2.0M	$236K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.126	−5.161%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.178	−5.003%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.175	−5.012%	$77K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.092	−5.264%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.141	−5.115%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0130%	4h	31.202	−4.930%	$1.2M	$1.7M	25x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	31.099	−5.244%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0153%	1h	31.198	−4.942%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	−3.548%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0172%	8h	31.190	−4.966%	$99K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.124	−5.167%	$562K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0335%	1h	31.165	−5.043%	$123K	$285K	5x	as long as short