Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: MEXC against Bybit+0.057%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days+0.098%+$10 · spread now +0.057%, 7d avg +0.091%

Together, before fees+0.218%+$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: MEXC is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.637	0.0100	pay 0.0050% / 4h	2h 24m	$38.7M	$50.6M	20x
Short	MEXC VVV_USDT	31.655	0.0100	get 0.0050% / 4h	2h 24m	$6.4M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.091%: −$3.46
Slippage, 4 orders: −$50.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$65.28
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago	0.63 bp	20.3 bp −$20	48.7 bp −$487	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.16 bp	3.7 bp −$4	56.8 bp −$568	214.0 bp −$21.4K	doesn't fit

VVV on 32 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	−0.0111%	1h	31.681	+0.137%	$389K	$626K	5x	as long as short
Gate VVV_USDT	−0.0038%	4h	31.635	−0.007%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0028%	1h	31.672	+0.110%	$136K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.708	+0.224%	$118K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.792	+0.490%	$48K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.676	+0.122%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.676	+0.123%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.739%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.649	+0.038%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.639	+0.006%	$467K	$1.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.683	+0.144%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.680	+0.137%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.671	+0.107%	$73.0M	$53.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.647	+0.032%	$256K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.667	+0.094%	$189K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.656	+0.059%	$33.7M	$149.1M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.637	long leg	$38.7M	$50.6M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.647	+0.031%	$4.7M	$39.9M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.655	+0.057%	$6.4M	$6.9M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.684	+0.148%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.643	+0.019%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.653	+0.050%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.714	+0.244%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.675	+0.119%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.698	+0.192%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.648	+0.034%	$300K	$1.9M	5x	as long as short
01 Exchange VVVUSD	+0.0104%	1h	31.681	+0.139%	$11K	$3K	3x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.684	+0.149%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.796	+0.502%	$79K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.664	+0.084%	$573K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.885	+0.782%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0299%	1h	31.702	+0.206%	$122K	$317K	5x	as long as short