Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.015%

Price spread now: Bybit against Deribit−0.167%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.167% cheaper against Deribit than usual: you would sell low and buy high (spread −0.167% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.037% in total) that is about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit VVV_USDC-PERPETUAL	30.628	0	get 0.0000% / 1h	39m 56s	$85K	$22K	10x
Short	Bybit VVVUSDT	30.577	0.0100	get 0.0050% / 4h	2h 39m	$37.8M	$41.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. 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 DeribitbpFee BybitbpOrdersPrice spread, now −0.167%Rate

Funding earned: $21
Price spread: −0.167% → 0.000%: −$16.72
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$13.72
Costs to cover: 0.180%
Break-even: 11.6 days

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.12 bp	19.8 bp −$20	33.4 bp −$334	doesn't fit	doesn't fit

Deribit: 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
RISEx VVV/USDC	−0.0329%	1h	30.597	−0.102%	$379K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	+0.006%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	30.628	long leg	$85K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.619	−0.031%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.157%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0067%	1h	30.609	−0.062%	$117K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.615	−0.042%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.628	+0.002%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.626	−0.006%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.591	−0.119%	$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	30.619	−0.029%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.626	−0.006%	$69.0M	$48.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.626	−0.007%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.608	−0.064%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.606	−0.070%	$33.0M	$122.3M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.577	−0.167%	$37.8M	$41.9M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.582	−0.150%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.599	−0.094%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.626	−0.006%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.633	+0.017%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.612	−0.052%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.591	−0.120%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.591	−0.120%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.621	−0.023%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.632	+0.013%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.625	−0.010%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.629	+0.004%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	30.663	+0.114%	$76K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0147%	4h	30.614	−0.045%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	30.683	+0.180%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0220%	8h	30.622	−0.019%	$94K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0402%	1h	30.651	+0.075%	$120K	$240K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0176%	1h	30.609	−0.060%	$534K	—	100x	as long as short