Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.150%7-day average +0.026% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.150%, 7d avg +0.026%

Together, before fees+0.136%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: Variational Omni is 0.176% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.323	0.0100	pay 0.0050% / 4h	3h 35m	$38.2M	$38.8M	20x
Short	Variational Omni VVV	31.276	0.0100	get 0.0050% / 4h	3h 35m	$2.0M	$370K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → +0.026%: −$17.55
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.55
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Bybit live order book, 3 min ago	0.79 bp	17.8 bp −$18	45.0 bp −$450	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.04 bp	doesn't fit	33.8 bp −$338	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	−0.0350%	1h	31.332	+0.027%	$87K	$20K	10x	as long as short
RISEx VVV/USDC	−0.0349%	1h	31.317	−0.021%	$385K	$686K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.474	+0.481%	$91K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.586	+0.839%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.345	+0.071%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.779%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0062%	4h	31.611	+0.919%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.299	−0.078%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.302	−0.068%	$461K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.427	+0.333%	$3K	$29	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	31.334	+0.036%	$157K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.354	+0.098%	$69.7M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.358	+0.110%	$247K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.462	+0.444%	$185K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.343	+0.063%	$33.4M	$106.7M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.323	long leg	$38.2M	$38.8M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.329	+0.019%	$4.8M	$26.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.318	−0.017%	$11.8M	$4.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.353	+0.095%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.321	−0.007%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.317	−0.020%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.334	+0.034%	—	$4.4M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.276	−0.150%	$2.0M	$370K	—
Polymarket Perps VVV-USD	+0.0100%	1h	31.334	+0.034%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	−0.079%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.338	+0.047%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.332	+0.029%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.374	+0.162%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.500	+0.566%	$78K	$329K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.608	+0.909%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0368%	1h	31.337	+0.044%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.342	+0.059%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0836%	1h	31.336	+0.041%	$168K	$262K	5x	as long as short