Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.055%

Price spread now: Injective against Bybit+4.158%48s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Injective

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

The price spread pays, funding is against you. Injective is 4.158% dearer against Bybit than usual: you sell high and buy low (spread +4.158% now, against zero (this spread has no 7-day history yet)): +$416 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.510	0.0100	pay 0.0050% / 4h	2h 34m	$38.8M	$51.7M	20x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	34m 33s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.158%Rate

Funding earned: −$14
Price spread: +4.158% → 0.000%: $415.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $390.79
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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, 4 min ago	1.59 bp	12.0 bp −$12	80.3 bp −$803	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0008%	1h	31.524	+0.045%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.469	−0.129%	$117K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.461	−0.155%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.520	+0.031%	$19K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+4.158%	$2K	$1K	5.5x
BloFin VVV-USDT	+0.0046%	4h	31.458	−0.164%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USD	+0.0050%	1h	31.489	−0.066%	$135K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.381	−0.409%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.514	+0.014%	$386K	$571K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.527	+0.055%	$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	31.511	+0.004%	$467K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.520	+0.031%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.544	+0.109%	$71.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.509	−0.002%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.531	+0.068%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.521	+0.036%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.510	long leg	$38.8M	$51.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.518	+0.026%	$4.7M	$41.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.518	+0.026%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.526	+0.051%	$17.0M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.495	−0.047%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.513	+0.010%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.525	+0.048%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.438	−0.227%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.456	−0.171%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.426	−0.266%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.520	+0.032%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.517	+0.022%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.462	−0.152%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.380	−0.411%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0201%	1h	31.524	+0.044%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.456	−0.171%	$187K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.505	−0.014%	$538K	—	100x	as long as short