Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Derive against Bybit−0.001%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.267	0.0100	pay 0.0050% / 4h	2h 48m	$38.5M	$51.7M	20x
Short	Derive VVV-PERP	31.267	0.0100	get 0.0013% / 1h	48m 57s	$1K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → 0.000%: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Derive: 3 bp × 2 orders: −$6
Net: −$17.12
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Derive: 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 Bybit live order book, 5 min ago	1.45 bp	18.4 bp −$18	83.8 bp −$838	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 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
01 Exchange VVVUSD	−0.0024%	1h	31.247	−0.064%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.225	−0.134%	$105K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.270	+0.011%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.270	+0.010%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.967%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0056%	1h	31.239	−0.090%	$133K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.093%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.256	−0.036%	$382K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0079%	4h	31.286	+0.061%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.282	+0.049%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.264	−0.010%	$461K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.248	−0.059%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.321	+0.173%	$71.4M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.269	+0.007%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.258	−0.029%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.275	+0.027%	$33.1M	$154.4M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.267	long leg	$38.5M	$51.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.278	+0.035%	$4.7M	$40.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.265	−0.006%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.291	+0.077%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.258	−0.029%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.274	+0.022%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.293	+0.083%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.095	−0.551%	$2.0M	$184K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.267	−0.001%	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	31.260	−0.022%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.259	−0.026%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.281	+0.044%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.256	−0.036%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.088	−0.573%	$77K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0187%	1h	31.312	+0.143%	$118K	$380K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.457%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.261	−0.020%	$522K	—	100x	as long as short