VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.214%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1201.196% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.084%−$8 · spread now −0.214%, 7d avg −0.056%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.158% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.784	0.0100	pay 0.0050% / 4h	2h 26m	$1.8M	$2.8M	20x
Short	Bybit VVVUSDT	31.716	0.0070	get 0.0035% / 4h	2h 26m	$38.8M	$50.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$6.3
Price spread: −0.214% → −0.056%: −$15.85
Slippage, 4 orders: −$96.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$141.76
Costs to cover: 1.196%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 2 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 KuCoin live order book, 5 min ago	11.30 bp	36.9 bp −$37	805.7 bp −$8,057	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.63 bp	22.6 bp −$23	55.0 bp −$550	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.695	−0.280%	$398K	$621K	5x	as long as short
Gate VVV_USDT	−0.0046%	4h	31.697	−0.274%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0019%	1h	31.705	−0.249%	$146K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.844	+0.189%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.929	+0.456%	$49K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.806	+0.070%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.806	+0.068%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.260%	$2K	$1K	5.5x	as long as short
Bybit VVVUSDTshort	+0.0070%	4h	31.716	−0.214%	$38.8M	$50.7M	20x
Lighter VVV	+0.0096%	1h	31.758	−0.081%	$2.1M	$5.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.768	−0.050%	$469K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.665	−0.373%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.706	−0.244%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.810	+0.082%	$73.3M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.790	+0.018%	$258K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.768	−0.051%	$190K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.734	−0.156%	$33.7M	$149.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.723	−0.192%	$4.7M	$40.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.728	−0.176%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.784	long leg	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.673	−0.349%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.695	−0.280%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	+0.285%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.792	+0.024%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.807	+0.072%	$2.1M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.686	−0.308%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.812	+0.090%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.713	−0.223%	$11K	$3K	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.841	+0.179%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.802	+0.057%	$575K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.885	+0.317%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0315%	1h	31.811	+0.084%	$123K	$317K	5x	as long as short