Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.033%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Bybit Short on OKX

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+0.157%+$16 · spread now −0.033%, 7d avg +0.051%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.085% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.456	0.0100	pay 0.0050% / 4h	1h 29m	$38.7M	$41.6M	20x
Short	OKX VVV-USDT-SWAP	31.446	0.0100	get 0.0050% / 4h	1h 29m	$4.9M	$30.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.051%: −$8.49
Slippage, 4 orders: −$49.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.76
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; OKX: live order book, 4 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 Bybit live order book, 9 min ago	0.16 bp	20.6 bp −$21	45.2 bp −$452	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.48 bp	13.7 bp −$14	81.9 bp −$819	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.507	+0.160%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.453	−0.011%	$386K	$644K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.454	−0.008%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.506	+0.157%	$86K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.491	+0.110%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.518	+0.195%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.335%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.477	+0.066%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.489	+0.103%	$463K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0098%	4h	31.513	+0.180%	$1.4M	$1.5M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.488	+0.101%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.483	+0.083%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.489	+0.103%	$70.8M	$47.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.519	+0.200%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.517	+0.193%	$186K	$127K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.494	+0.120%	$33.9M	$120.9M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.456	long leg	$38.7M	$41.6M	20x
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.446	−0.033%	$4.9M	$30.8M	20x
Gate VVV_USDT	+0.0100%	4h	31.483	+0.084%	$11.3M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.509	+0.167%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.506	+0.157%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.478	+0.068%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.490	+0.106%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	+0.148%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.452	−0.014%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.313%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.500	+0.138%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	31.511	+0.172%	$78K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.493	+0.116%	$301K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.493	+0.116%	$6K	—	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.520	+0.202%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0430% / S −0.0202%	1h	31.523	+0.213%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0480%	1h	31.521	+0.206%	$151K	$267K	5x	as long as short