Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0429%/8h= −47.0% APRpaid last 24h +0.043%

Price spread now: RISEx against Bybit−0.060%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.345%+$35 on $10k

Price spread, last 7 days+0.166%+$17 · spread now −0.060%, 7d avg +0.043%

Together, before fees+0.512%+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and RISEx is 0.104% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.345%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	30.614	0.0100	pay 0.0050% / 4h	2h 53m	$37.9M	$42.2M	20x
Short	RISEx VVV/USDC	30.595	−0.0329	pay 0.0041% / 1h	53m 23s	$378K	$646K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$90.18
Price spread: −0.060% → +0.043%: −$10.37
Slippage, 4 orders: −$31.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$148.64
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; RISEx: live order book, 60 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, 5 min ago	1.96 bp	18.5 bp −$18	36.4 bp −$364	doesn't fit	doesn't fit
Sell RISEx live order book, 60 min ago	1.89 bp	4.9 bp −$5	25.8 bp −$258	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/USDCshort	−0.0329%	1h	30.595	−0.060%	$378K	$646K	5x
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.723	+0.358%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.620	+0.022%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.660	+0.152%	$21K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0020%	1h	30.614	+0.001%	$118K	$1.4M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.207%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	30.609	−0.015%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0081%	4h	30.675	+0.200%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.616	+0.008%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.619	+0.017%	$446K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.616	+0.008%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.636	+0.073%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.634	+0.066%	$69.1M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.639	+0.083%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.638	+0.081%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.633	+0.064%	$33.0M	$123.7M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	30.614	long leg	$37.9M	$42.2M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.615	+0.004%	$4.8M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.614	+0.001%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.643	+0.096%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.636	+0.073%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.614	+0.001%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.665	+0.168%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.690	+0.248%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.618	+0.013%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.626	+0.040%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.615	+0.005%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.628	+0.048%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	30.670	+0.185%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.686	+0.236%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0276%	8h	30.660	+0.151%	$94K	$5.6M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.656	+0.137%	$534K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0428%	1h	30.647	+0.109%	$119K	$240K	5x	as long as short