Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: Deribit against Bybit+0.104%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.104% dearer against Bybit than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.037% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.434	0.0100	pay 0.0050% / 4h	15m 49s	$38.3M	$39.9M	20x
Short	Deribit VVV_USDC-PERPETUAL	31.467	0	get 0.0000% / 1h	15m 49s	$88K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$21
Price spread: +0.104% → 0.000%: $10.4
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$28.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Deribit: no order-book sample. 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 Bybit live order book, 3 min ago	0.16 bp	7.5 bp −$8	53.8 bp −$538	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
RISEx VVV/USDC	−0.0337%	1h	31.436	+0.006%	$386K	$665K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.440	+0.019%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.484	+0.159%	$96K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.467	+0.104%	$88K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.461	+0.087%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.409%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0048%	4h	31.438	+0.013%	$11.7M	$5.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.461	+0.085%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.470	+0.115%	$463K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.435	+0.004%	$3K	$73	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	31.464	+0.097%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.488	+0.172%	$70.4M	$44.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.493	+0.188%	$249K	$623K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.470	+0.115%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.456	+0.070%	$33.6M	$112.9M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.434	long leg	$38.3M	$39.9M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.455	+0.067%	$4.8M	$28.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.469	+0.111%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.471	+0.118%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.449	+0.048%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.460	+0.083%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.452	+0.056%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.455	+0.067%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.576	+0.453%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.494	+0.191%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.459	+0.080%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.497	+0.199%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.626	+0.611%	$79K	$331K	10x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	31.460	+0.083%	$11K	$2K	3x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.578	+0.458%	$1.3M	$1.4M	25x	as long as short
Phoenix VVV	+0.0203%	1h	31.579	+0.461%	$33K	$215K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0402%	1h	31.481	+0.148%	$160K	$272K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0213%	1h	31.460	+0.083%	$506K	—	100x	as long as short