Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.023%

Price spread now: Bybit against gTrade (Gains Network)−0.036%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 0.036% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) VVV/USD	32.291	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	54m 23s	$19K	—	150x
Short	Bybit VVVUSDT	32.279	0.0100	get 0.0050% / 4h	54m 23s	$39.6M	$52.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $20.06
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.5
Costs to cover: 0.230%
Break-even: 9.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 5 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.47 bp	20.4 bp −$20	62.3 bp −$623	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Kalshi KXVVVPERP	0.0000%	8h	32.312	+0.067%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.234	−0.176%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0004%	1h	32.291	long leg	$19K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.640%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.296	+0.018%	$397K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0058%	1h	32.276	−0.045%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.320	+0.091%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.311	+0.064%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.278	−0.039%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.054	−0.732%	$56K	$299K	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	32.293	+0.008%	$125K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.316	+0.079%	$74.8M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.310	+0.060%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.318	+0.085%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.294	+0.011%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	32.279	−0.036%	$39.6M	$52.6M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	32.287	−0.011%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.292	+0.005%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.304	+0.042%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.298	+0.023%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.286	−0.014%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.296	+0.017%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.149	−0.439%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.235	−0.172%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.266	−0.076%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.308	+0.054%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.295	+0.012%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.241	−0.153%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	32.165	−0.388%	$80K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0135%	1h	32.310	+0.061%	$122K	$361K	5x	as long as short
BloFin VVV-USDT	+0.0138%	4h	32.296	+0.017%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0170%	1h	32.283	−0.022%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.040%	$242K	$1.4M	25x	as long as short