Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: BingX against Bybit+0.174%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.174%, 7d avg +0.062%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.112% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.626	0.0100	pay 0.0050% / 4h	1h 05m	$38.7M	$40.9M	20x
Short	BingX VVV-USDT	31.681	0.0100	get 0.0050% / 4h	1h 05m	—	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → +0.062%: $11.21
Slippage, 4 orders: −$37.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$47.49
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 15 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 Bybit live order book, 3 min ago	0.16 bp	13.4 bp −$13	35.1 bp −$351	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	0.16 bp	11.3 bp −$11	24.4 bp −$244	149.9 bp −$15.0K	740.9 bp −$370.5K

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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.568	−0.182%	$188K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.615	−0.035%	$388K	$652K	5x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.610	−0.051%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.692	+0.209%	$92K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.682	+0.177%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.775%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0041%	4h	31.736	+0.348%	$1.4M	$1.5M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0056%	1h	31.698	+0.228%	$88K	$22K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.656	+0.094%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.667	+0.130%	$466K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.660	+0.106%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.663	+0.119%	$143K	$924K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.707	+0.256%	$71.0M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.663	+0.116%	$251K	$946K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.683	+0.181%	$187K	$126K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.654	+0.089%	$34.0M	$118.1M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.626	long leg	$38.7M	$40.9M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.644	+0.057%	$4.9M	$30.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.655	+0.092%	$11.5M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.688	+0.196%	$7.0M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.665	+0.123%	$1.7M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.655	+0.092%	$5.8M	$6.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.681	+0.174%	—	$4.8M	—
Variational Omni VVV	+0.0100%	4h	31.664	+0.120%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.658	+0.101%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.672	+0.144%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.683	+0.180%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.667	+0.131%	$303K	$1.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	+0.227%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.614	−0.037%	$79K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.632	+0.019%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0428%	1h	31.722	+0.303%	$156K	$269K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.706	+0.254%	$510K	—	100x	as long as short