Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h 0.000%

Price spread now: Bybit against Pacifica−0.055%7-day average −0.058% · you buy dearer than you sell

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

Long on Pacifica 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 4 days (all we have)+0.009%+$1 · spread now −0.055%, 7d avg −0.058%

Together, before fees−0.054%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.058%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica VVV	31.895	0.0100	pay 0.0013% / 1h	32m 43s	$191K	$177K	10x
Short	Bybit VVVUSDT	31.878	−0.0113	pay 0.0056% / 4h	2h 32m	$39.0M	$51.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$44.65
Price spread: −0.055% → −0.058%: $0.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 35 min ago; Bybit: live order book, 1 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 Pacifica live order book, 35 min ago	0.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.10 bp	21.2 bp −$21	45.6 bp −$456	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
Bybit VVVUSDTshort	−0.0113%	4h	31.878	−0.055%	$39.0M	$51.0M	20x
RISEx VVV/USDC	−0.0111%	1h	31.854	−0.128%	$397K	$620K	5x	as long as short
Gate VVV_USDT	−0.0082%	4h	31.879	−0.051%	$10.7M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0061%	1h	31.866	−0.092%	$146K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.913	+0.056%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.859	−0.114%	$49K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.869	−0.083%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.899%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	31.869	−0.082%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.882	−0.041%	$2.2M	$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	31.871	−0.076%	$471K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.884	−0.037%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.876	−0.060%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.916	+0.065%	$73.6M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.910	+0.046%	$259K	$1.9M	10x	as long as short
Pacifica VVVlong	+0.0100%	1h	31.895	long leg	$191K	$177K	10x
Binance VVVUSDT	+0.0100%	4h	31.882	−0.042%	$33.8M	$150.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.906	+0.034%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.888	−0.023%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.879	−0.051%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.874	−0.067%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.901	+0.018%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.679	−0.679%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.877	−0.056%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.874	−0.067%	$2.1M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.883	−0.038%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.880	−0.047%	$6K	—	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0105%	1h	31.884	−0.035%	$89K	$24K	10x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.831	−0.200%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0122%	1h	31.874	−0.066%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.910	+0.045%	$232K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0272%	1h	31.885	−0.032%	$123K	$319K	5x	as long as short