Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0390%/8h= +42.7% APRpaid last 24h +0.028%

Price spread now: BingX against Polymarket Perps+0.050%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.050%, 7d avg +0.021%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BingX is 0.029% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.4% 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	Polymarket Perps VVV-USD	32.000	−0.0290	get 0.0036% / 1h	29m 27s	$146K	$1.2M	3x
Short	BingX VVV-USDT	32.016	0.0100	get 0.0050% / 4h	3h 29m	—	$5.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $81.97
Price spread: +0.050% → +0.021%: $2.9
Slippage, 4 orders: −$19.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $47.55
Costs to cover: 0.373%
Break-even: 2.9 days

Slippage from Polymarket Perps: live order book, 4 min ago; BingX: live order book, 6 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 Polymarket Perps live order book, 4 min ago	2.65 bp	8.4 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	1.10 bp	12.1 bp −$12	31.6 bp −$316	165.2 bp −$16.5K	548.6 bp −$274.3K

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-USDlong	−0.0290%	1h	32.000	long leg	$146K	$1.2M	3x
01 Exchange VVVUSD	−0.0080%	1h	32.053	+0.166%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0034%	1h	31.987	−0.041%	$91K	$23K	10x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.034	+0.107%	$394K	$601K	5x	as long as short
Gate VVV_USDT	−0.0012%	4h	32.003	+0.009%	$10.7M	$7.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.042	+0.131%	$109K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.049	+0.153%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.017	+0.052%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.563%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.023	+0.071%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.012	+0.038%	$474K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.047	+0.148%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.055	+0.172%	$74.3M	$55.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.041	+0.127%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.042	+0.132%	$191K	$187K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.026	+0.080%	$33.7M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.004	+0.012%	$39.2M	$51.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.022	+0.069%	$4.7M	$41.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.053	+0.166%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.030	+0.094%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.024	+0.075%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	32.016	+0.050%	—	$5.4M	—
Backpack VVV_USDC_PERP	+0.0100%	1h	32.061	+0.192%	$124K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.153	+0.477%	$2.1M	$188K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.989	−0.034%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.995	−0.016%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.025	+0.077%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.041	+0.127%	$306K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.032	+0.099%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0108%	4h	32.150	+0.469%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0110%	4h	32.181	+0.564%	$80K	$335K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	32.007	+0.021%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.219	+0.686%	$248K	$1.3M	25x	as long as short