Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.030%

Price spread now: Deribit against BingX+0.035%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

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

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.035% dearer against BingX than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.160% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.565	0.0100	pay 0.0050% / 4h	3h 00m	—	$4.2M	—
Short	Deribit VVV_USDC-PERPETUAL	31.576	−0.0073	pay 0.0009% / 1h	0m 45s	$88K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$36.31
Price spread: +0.035% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Deribit: no order-book sample. 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 BingX live order book, 9 min ago	0.47 bp	11.7 bp −$12	34.9 bp −$349	308.8 bp −$30.9K	699.6 bp −$349.8K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 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
RISEx VVV/USDC	−0.0349%	1h	31.626	+0.192%	$387K	$698K	5x	as long as short
Gate VVV_USDT	−0.0162%	4h	31.528	−0.117%	$12.1M	$5.0M	25x	as long as short
Deribit VVV_USDC-PERPETUALshort	−0.0073%	1h	31.576	+0.035%	$88K	$20K	10x
Kalshi KXVVVPERP	0.0000%	8h	31.649	+0.266%	$107K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	−0.730%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.624	+0.187%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.976%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0044%	4h	31.601	+0.114%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.560	−0.015%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.555	−0.032%	$502K	$1.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.614	+0.155%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.618	+0.169%	$189K	$1.0M	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.583	+0.057%	$70.3M	$43.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.594	+0.090%	$248K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.622	+0.182%	$186K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.573	+0.026%	$33.5M	$104.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.531	−0.108%	$38.4M	$38.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.535	−0.095%	$4.8M	$25.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.579	+0.044%	$7.3M	$5.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.602	+0.117%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.525	−0.127%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.565	long leg	—	$4.2M	—
Variational Omni VVV	+0.0100%	4h	31.540	−0.079%	$2.0M	$346K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.612	+0.149%	$130K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.626	+0.193%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.619	+0.172%	$79K	$324K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.578	+0.040%	$295K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.628	+0.199%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.601	+0.114%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0280%	1h	31.626	+0.193%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0219%	1h	31.610	+0.143%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0706%	1h	31.588	+0.073%	$167K	$268K	5x	as long as short