Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.008%

Price spread now: Polymarket Perps against Bybit+0.086%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.086%, 7d avg +0.032%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.055% dearer against Bybit than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.032%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.044% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	30.978	0.0100	pay 0.0050% / 4h	1m 01s	$38.5M	$42.8M	20x
Short	Polymarket Perps VVV-USD	31.005	−0.0071	pay 0.0009% / 1h	1m 01s	$129K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$35.83
Price spread: +0.086% → +0.032%: $5.45
Slippage, 4 orders: −$34.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$83.51
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: 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 Bybit live order book, 3 min ago	0.32 bp	18.5 bp −$19	37.4 bp −$374	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.58 bp	6.6 bp −$7	6.7 bp −$67	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
RISEx VVV/USDC	−0.0299%	1h	30.992	+0.045%	$382K	$638K	5x	as long as short
Polymarket Perps VVV-USDshort	−0.0071%	1h	31.005	+0.086%	$129K	$1.2M	3x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.905	−0.238%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.951	−0.090%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.945%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0034%	4h	30.995	+0.054%	$10.4M	$6.0M	25x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	31.036	+0.186%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.881	−0.313%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0092%	4h	30.959	−0.062%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.940	−0.125%	$2.1M	$5.3M	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	30.956	−0.072%	$453K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.050	+0.230%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.031	+0.170%	$143K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.997	+0.060%	$70.7M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.034	+0.181%	$248K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.035	+0.184%	$183K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.993	+0.048%	$33.2M	$128.2M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	30.978	long leg	$38.5M	$42.8M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.994	+0.051%	$4.8M	$32.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.990	+0.038%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.008	+0.096%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.978	−0.001%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.005	+0.086%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.997	+0.059%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.912	−0.214%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.947	−0.101%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.021	+0.139%	$77K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.981	+0.009%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.950	−0.091%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0139%	8h	31.006	+0.089%	$107K	$5.6M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0164%	1h	30.992	+0.046%	$121K	$248K	5x	as long as short
Phoenix VVV	+0.0182%	1h	31.038	+0.193%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.935	−0.139%	$543K	—	100x	as long as short