Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Extended−0.033%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.033%, 7d avg −0.029%

Together, before fees−0.057%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VVV-USD	32.463	0.0104	pay 0.0013% / 1h	7m 19s	$321K	$1.6M	5x
Short	Bybit VVVUSDT	32.452	0.0100	get 0.0050% / 4h	2h 07m	$40.0M	$52.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.84
Price spread: −0.033% → −0.029%: −$0.36
Slippage, 4 orders: −$80.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.75
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 1 min ago	2.23 bp	20.5 bp −$21	189.3 bp −$1,893	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.16 bp	21.1 bp −$21	74.1 bp −$741	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
Kalshi KXVVVPERP	0.0000%	8h	32.388	−0.231%	$114K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.468	+0.015%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.099%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.362	−0.311%	$1.3M	$1.8M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0061%	1h	32.465	+0.007%	$93K	$22K	10x	as long as short
Phoenix VVV	+0.0077%	1h	32.248	−0.663%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.461	−0.007%	$414K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.426	−0.115%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.409	−0.167%	$484K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.469	+0.020%	$150K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.411	−0.160%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.424	−0.120%	$193K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.472	+0.027%	$34.3M	$155.5M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	32.452	−0.033%	$40.0M	$52.2M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	32.462	−0.003%	$4.8M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.453	−0.031%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.465	+0.006%	$17.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.395	−0.210%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.440	−0.071%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.471	+0.024%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.319	−0.443%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.467	+0.012%	$156K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.449	−0.044%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.400	−0.194%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.423	−0.125%	$3K	$106	5x	as long as short
Extended VVV-USDlong	+0.0104%	1h	32.463	long leg	$321K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.451	−0.036%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.365	−0.303%	$80K	$331K	10x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	32.537	+0.228%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.452	−0.035%	$568K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.462	−0.003%	$216K	$1.2M	25x	as long as short
Hyperliquid VVV	+0.0252%	1h	32.511	+0.148%	$75.2M	$55.1M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0343%	1h	32.431	−0.100%	$123K	$379K	5x	as long as short