Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%

Price spread now: Bybit against Binance−0.056%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days−0.096%−$10 · spread now −0.056%, 7d avg −0.096%

Together, before fees−0.217%−$22 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: Bybit is 0.040% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	32.105	0.0100	pay 0.0050% / 4h	31m 43s	$33.6M	$156.9M	25x
Short	Bybit VVVUSDT	32.087	0.0100	get 0.0050% / 4h	31m 43s	$39.4M	$52.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.096%: $3.96
Slippage, 4 orders: −$39.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$56.72
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 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 Binance live order book, 11 min ago	0.16 bp	11.3 bp −$11	40.1 bp −$401	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.62 bp	20.6 bp −$21	56.5 bp −$565	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
Deribit VVV_USDC-PERPETUAL	−0.0011%	1h	32.196	+0.283%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.220	+0.358%	$112K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.205	+0.311%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.227%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.096	−0.027%	$395K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0055%	1h	32.186	+0.252%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.208	+0.321%	$12K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0088%	4h	32.172	+0.208%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.114	+0.027%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.092	−0.041%	$477K	$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
Nado VVV-PERP	+0.0100%	1h	32.198	+0.291%	$127K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.132	+0.083%	$74.4M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.128	+0.072%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.119	+0.043%	$192K	$191K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	32.105	long leg	$33.6M	$156.9M	25x
Bybit VVVUSDTshort	+0.0100%	4h	32.087	−0.056%	$39.4M	$52.4M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	32.103	−0.007%	$4.7M	$42.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.096	−0.028%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.111	+0.018%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.112	+0.021%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.095	−0.031%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.098	−0.022%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.201	+0.298%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.203	+0.304%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.211	+0.330%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.108	+0.009%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.096	−0.028%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.195	+0.279%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	+0.376%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	+0.408%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0129%	1h	32.246	+0.439%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.197	+0.285%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.538%	$242K	$1.3M	25x	as long as short