VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.035%

Price spread now: Bybit against edgeX+0.329%51s7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1491.493% of the position

Long on edgeX 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 3 days (all we have)−0.610%−$61 · spread now +0.329%, 7d avg −0.078%

Together, before fees−0.754%+ Points / potential airdropedgeX: Active · farm board−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.408% dearer against edgeX than usual: you sell high and buy low (spread +0.329% now, against its 7-day average of −0.078%): +$41 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.144% in total) that is about 20 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	31.088	0.0116	pay 0.0058% / 4h	2h 50m	$77K	$330K	10x
Short	Bybit VVVUSDT	31.190	0.0100	get 0.0050% / 4h	2h 50m	$38.4M	$51.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.329%Rate

Funding earned: −$3.28
Price spread: +0.329% → −0.078%: $40.76
Slippage, 4 orders: −$129.28
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$111.8
Costs to cover: 1.493%
Break-even: never at this rate

Slippage from edgeX: live order book, 37 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 edgeX live order book, 37 min ago	1.11 bp	101.3 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.45 bp	17.2 bp −$17	60.4 bp −$604	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
01 Exchange VVVUSD	−0.0008%	1h	31.083	−0.015%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.116	+0.091%	$104K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.134	+0.150%	$89K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.137	+0.157%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.572%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0051%	1h	31.090	+0.007%	$133K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.670%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.092	+0.014%	$380K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.151	+0.203%	$1.3M	$1.7M	25x	as long as short
Gate VVV_USDT	+0.0088%	4h	31.157	+0.223%	$10.5M	$7.7M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.212	+0.399%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.176	+0.284%	$460K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.091	+0.012%	$143K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.225	+0.441%	$71.2M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.137	+0.160%	$273K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.203	+0.370%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.210	+0.393%	$33.0M	$154.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.190	+0.329%	$38.4M	$51.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.206	+0.380%	$4.6M	$40.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.200	+0.361%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.118	+0.097%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.195	+0.345%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.172	+0.271%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.220	+0.426%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.139	+0.164%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.121	+0.107%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.224	+0.438%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.157	+0.221%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.112	+0.077%	$6K	$13K	3x	as long as short
edgeX VVVUSDClong	+0.0116%	4h	31.088	long leg	$77K	$330K	10x
Backpack VVV_USDC_PERP	+0.0150%	1h	31.177	+0.286%	$118K	$380K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	+0.116%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0204%	1h	31.125	+0.118%	$519K	—	100x	as long as short