Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.002%

Price spread now: Bybit against Polymarket Perps+0.068%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)−0.499%−$50 · spread now +0.068%, 7d avg −0.038%

Together, before fees−0.464%−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.105% dearer against Polymarket Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	31.050	0.0025	pay 0.0003% / 1h	52m 06s	$132K	$1.2M	3x
Short	Bybit VVVUSDT	31.071	0.0100	get 0.0050% / 4h	2h 52m	$38.3M	$51.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $15.69
Price spread: +0.068% → −0.038%: $10.53
Slippage, 4 orders: −$30.68
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.45
Costs to cover: 0.497%
Break-even: 17.5 days

Slippage from Polymarket Perps: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.90 bp	7.2 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell Bybit live order book, 2 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
Deribit VVV_USDC-PERPETUAL	−0.0001%	1h	31.081	+0.101%	$89K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	30.976	−0.238%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.076	+0.084%	$104K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.089	+0.127%	$18K	—	150x	as long as short
Polymarket Perps VVV-USDlong	+0.0025%	1h	31.050	long leg	$132K	$1.2M	3x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.700%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0076%	4h	31.065	+0.048%	$10.5M	$7.6M	25x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.792%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.044	−0.019%	$380K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.091	+0.133%	$2.1M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.078	+0.090%	$458K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.055	+0.018%	$143K	$778K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.120	+0.225%	$70.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.083	+0.106%	$273K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.074	+0.079%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.087	+0.120%	$32.9M	$154.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.071	+0.068%	$38.3M	$51.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.086	+0.116%	$4.6M	$40.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.091	+0.132%	$16.7M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.084	+0.110%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.064	+0.045%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.084	+0.110%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.220	+0.549%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.086	+0.115%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.089	+0.126%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.051	+0.004%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.086	+0.116%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.073	+0.076%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.279	+0.736%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0134%	1h	31.109	+0.191%	$117K	$380K	5x	as long as short
BloFin VVV-USDT	+0.0141%	4h	31.074	+0.077%	$1.3M	$1.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	+0.238%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0204%	1h	31.077	+0.086%	$519K	—	100x	as long as short