Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.001%

Price spread now: Bybit against Coinbase International−0.065%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 4 days (all we have)+0.529%+$53 · spread now −0.065%, 7d avg −0.069%

Together, before fees+0.385%+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	30.630	−0.0040	get 0.0005% / 1h	41m 15s	$142K	$1.2M	25x
Short	Bybit VVVUSDT	30.610	0.0100	get 0.0050% / 4h	2h 41m	$37.9M	$41.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. 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 Coinbase InternationalbpFee BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $29.4
Price spread: −0.065% → −0.069%: $0.44
Slippage, 4 orders: −$62.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.96
Costs to cover: 0.838%
Break-even: 19.8 days

Slippage from Coinbase International: live order book, 2 min ago; Bybit: 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 Coinbase International live order book, 2 min ago	13.07 bp	22.9 bp −$23	38.5 bp −$385	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.12 bp	19.8 bp −$20	33.4 bp −$334	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	−0.0329%	1h	30.609	−0.068%	$379K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTXlong	−0.0040%	1h	30.630	long leg	$142K	$1.2M	25x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.612	−0.058%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.619	−0.035%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.151%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0060%	1h	30.619	−0.035%	$117K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	30.633	+0.010%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.628	−0.005%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.628	−0.006%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.654	+0.079%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.629	−0.001%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.635	+0.017%	$69.0M	$48.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.637	+0.023%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.698	+0.223%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.635	+0.016%	$33.0M	$122.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.610	−0.065%	$37.9M	$41.9M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.618	−0.039%	$4.8M	$30.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.640	+0.033%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.647	+0.056%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.645	+0.050%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.632	+0.007%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.636	+0.020%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	+0.019%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.615	−0.049%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.635	+0.017%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.619	−0.036%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.633	+0.011%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	30.663	+0.108%	$76K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0147%	4h	30.614	−0.052%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	30.683	+0.174%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0220%	8h	30.676	+0.151%	$94K	$5.5M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0176%	1h	30.620	−0.032%	$534K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0429%	1h	30.739	+0.358%	$119K	$239K	5x	as long as short