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: Bybit against KuCoin−0.212%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on KuCoin Short on Bybit

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+0.016%+$2 · spread now −0.212%, 7d avg −0.047%

Together, before fees−0.047%−$5 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: Bybit is 0.165% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.652	0.0100	pay 0.0050% / 4h	1h 21m	$1.8M	$2.8M	20x
Short	Bybit VVVUSDT	31.585	0.0100	get 0.0050% / 4h	1h 21m	$38.7M	$41.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → −0.047%: −$16.52
Slippage, 4 orders: −$88.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.84
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	10.15 bp	38.2 bp −$38	650.8 bp −$6,508	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.27 bp	19.1 bp −$19	40.8 bp −$408	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	31.602	−0.159%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.574	−0.246%	$387K	$644K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.590	−0.196%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.606	−0.145%	$92K	$5.5M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.626	−0.081%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.552	−0.316%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.690%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	31.547	−0.332%	$1.4M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.614	−0.120%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.631	−0.066%	$465K	$1.6M	5x	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	31.613	−0.123%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.615	−0.117%	$132K	$914K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.670	+0.057%	$71.2M	$46.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.638	−0.044%	$251K	$951K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.633	−0.061%	$187K	$127K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.627	−0.079%	$34.1M	$119.5M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.585	−0.212%	$38.7M	$41.2M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.589	−0.199%	$4.9M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.613	−0.123%	$11.4M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.646	−0.019%	$6.9M	$5.7M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.652	long leg	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.624	−0.088%	$5.8M	$7.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.619	−0.104%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.505	−0.464%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.589	−0.199%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.929%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.604	−0.152%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.610	−0.131%	$303K	$1.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.615	−0.118%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.545	−0.338%	$78K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.572	−0.253%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0432% / S −0.0203%	1h	31.608	−0.139%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0446%	1h	31.658	+0.019%	$154K	$266K	5x	as long as short