Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h +0.011%

Price spread now: Bybit against Deribit−0.195%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.195% cheaper against Deribit than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.2% 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	Deribit VVV_USDC-PERPETUAL	31.610	0	get 0.0000% / 1h	43m 09s	$88K	$24K	10x
Short	Bybit VVVUSDT	31.548	−0.0222	pay 0.0111% / 4h	2h 43m	$38.6M	$51.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. 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 DeribitbpFee BybitbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$46.53
Price spread: −0.195% → 0.000%: −$19.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	2.53 bp	25.0 bp −$25	53.3 bp −$533	doesn't fit	doesn't fit

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
Bybit VVVUSDTshort	−0.0222%	4h	31.548	−0.195%	$38.6M	$51.8M	20x
Polymarket Perps VVV-USD	−0.0133%	1h	31.625	+0.047%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.625	+0.048%	$388K	$618K	5x	as long as short
Gate VVV_USDT	−0.0094%	4h	31.585	−0.079%	$10.6M	$7.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.649	+0.123%	$118K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.585	−0.079%	$51K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUALlong	0.0000%	1h	31.610	long leg	$88K	$24K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.617	+0.023%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.637	+0.085%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.828%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0053%	4h	31.666	+0.177%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.590	−0.064%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.581	−0.092%	$466K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.641	+0.099%	$3K	$106	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.624	+0.046%	$124K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.606	−0.014%	$72.9M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.630	+0.063%	$256K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.658	+0.151%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.572	−0.122%	$33.4M	$153.7M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.538	−0.228%	$4.7M	$40.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.627	+0.054%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.605	−0.016%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.611	+0.003%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.611	+0.003%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.641	+0.097%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.604	−0.020%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.621	+0.035%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.602	−0.027%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.618	+0.026%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.620	+0.032%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.617	+0.021%	$572K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0181%	1h	31.619	+0.029%	$123K	$329K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.585	−0.080%	$239K	$1.2M	25x	as long as short