Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h −0.011%

Price spread now: BloFin against RISEx−0.068%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.153%−$15 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.068%, 7d avg +0.043%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.111% cheaper against RISEx than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.043%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 4 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.153% in total (about -15.3% 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	RISEx VVV/USDC	30.831	−0.0329	get 0.0041% / 1h	24m 24s	$383K	$646K	5x
Short	BloFin VVV-USDT	30.810	0.0140	get 0.0070% / 4h	2h 24m	$1.3M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against RISEx. 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 RISExbpFee BloFinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $98.52
Price spread: −0.068% → +0.043%: −$11.12
Slippage, 4 orders: −$15.39
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $54.01
Costs to cover: 0.334%
Break-even: 3.2 days

Slippage from RISEx: live order book, 24 min ago; BloFin: 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 RISEx live order book, 24 min ago	2.16 bp	5.2 bp −$5	22.6 bp −$226	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.16 bp	12.4 bp −$12	32.0 bp −$320	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
RISEx VVV/USDClong	−0.0329%	1h	30.831	long leg	$383K	$646K	5x
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.653%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.811	−0.066%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.451%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.863	+0.104%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0095%	1h	30.820	−0.036%	$119K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.801	−0.098%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.804	−0.088%	$449K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.811	−0.063%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.858	+0.089%	$134K	$870K	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	30.853	+0.071%	$69.5M	$47.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.829	−0.006%	$245K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.816	−0.050%	$182K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.847	+0.053%	$33.3M	$121.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.814	−0.055%	$38.2M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.814	−0.055%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.801	−0.097%	$10.8M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.833	+0.007%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.836	+0.016%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.814	−0.055%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.819	−0.039%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.729	−0.331%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.809	−0.070%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.791	−0.130%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.723	−0.351%	$76K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.826	−0.017%	$295K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.820	−0.035%	$6K	—	3x	as long as short
BloFin VVV-USDTshort	+0.0140%	4h	30.810	−0.068%	$1.3M	$1.5M	25x
Deribit VVV_USDC-PERPETUAL	+0.0159%	1h	30.822	−0.030%	$86K	$22K	10x	as long as short
Kalshi KXVVVPERP	+0.0190%	8h	30.771	−0.195%	$94K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.754	−0.250%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0388%	1h	30.815	−0.053%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0420% / S −0.0196%	1h	30.804	−0.089%	$493K	—	100x	as long as short