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 Phemex−0.157%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on Phemex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.157%, 7d avg −0.023%

Together, before fees+0.264%+$26 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 0.134% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.501	0.0100	pay 0.0050% / 4h	3h 22m	$2.0M	$2.1M	50x
Short	BingX VVV-USDT	30.453	0.0100	get 0.0050% / 4h	3h 22m	—	$5.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Phemex. 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 PhemexbpFee BingXbpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.023%: −$13.43
Slippage, 4 orders: −$87.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$123.02
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; BingX: live order book, 12 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 Phemex live order book, 6 min ago	6.90 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.33 bp	13.1 bp −$13	27.5 bp −$275	195.6 bp −$19.6K	593.8 bp −$296.9K

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	−0.0417%	1h	30.414	−0.285%	$373K	$640K	5x	as long as short
Polymarket Perps VVV-USD	−0.0140%	1h	30.476	−0.082%	$121K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.294	−0.680%	$145K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	30.520	+0.062%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.603%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.433	−0.223%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.521	+0.067%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.525	+0.079%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.425	−0.249%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.466	−0.113%	$140K	$867K	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	30.511	+0.033%	$68.7M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.455	−0.151%	$242K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.446	−0.181%	$180K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.461	−0.131%	$32.8M	$126.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.430	−0.233%	$37.8M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.460	−0.134%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.447	−0.177%	$10.4M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.488	−0.043%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.458	−0.141%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.469	−0.105%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	30.453	−0.157%	—	$5.0M	—
Variational Omni VVV	+0.0100%	4h	30.303	−0.648%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.528	+0.087%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.501	long leg	$2.0M	$2.1M	50x
edgeX VVVUSDC	+0.0102%	4h	30.360	−0.461%	$75K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.476	−0.082%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.489	−0.039%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	30.492	−0.030%	$102K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0129%	1h	30.352	−0.489%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0159%	4h	30.524	+0.075%	$1.3M	$1.5M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0212%	1h	30.537	+0.119%	$85K	$23K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0244%	1h	30.546	+0.147%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0174%	1h	30.513	+0.039%	$534K	—	100x	as long as short