Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.006%

Price spread now: Bybit against Polymarket Perps−0.281%47s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.587% of the position

Long on Polymarket Perps 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 4 days (all we have)−0.374%−$37 · spread now −0.281%, 7d avg −0.039%

Together, before fees−0.332%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.242% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.039%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	31.625	−0.0133	get 0.0017% / 1h	42m 47s	$146K	$1.2M	3x
Short	Bybit VVVUSDT	31.536	−0.0229	pay 0.0114% / 4h	2h 42m	$38.6M	$51.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.281%Rate

Funding earned: −$20
Price spread: −0.281% → −0.039%: −$24.23
Slippage, 4 orders: −$39.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$102.89
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, just now; Bybit: live order book, 1 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 Polymarket Perps live order book, just now	0.16 bp	4.2 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
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

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	−0.0229%	4h	31.536	−0.281%	$38.6M	$51.8M	20x
Polymarket Perps VVV-USDlong	−0.0133%	1h	31.625	long leg	$146K	$1.2M	3x
RISEx VVV/USDC	−0.0111%	1h	31.625	+0.001%	$388K	$618K	5x	as long as short
Gate VVV_USDT	−0.0094%	4h	31.548	−0.243%	$10.6M	$7.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.649	+0.076%	$118K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.585	−0.126%	$51K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.610	−0.047%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.617	−0.024%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.637	+0.038%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.779%	$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	+0.130%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.508	−0.369%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.513	−0.354%	$465K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.523	−0.323%	$3K	$106	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.624	−0.002%	$124K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.549	−0.240%	$72.8M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.587	−0.120%	$256K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.547	−0.247%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.532	−0.295%	$33.4M	$153.7M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.548	−0.243%	$4.7M	$40.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.539	−0.272%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.590	−0.111%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.516	−0.345%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.561	−0.202%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.641	+0.049%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.604	−0.067%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.621	−0.013%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.529	−0.303%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.618	−0.022%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.620	−0.015%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.617	−0.026%	$572K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0181%	1h	31.619	−0.019%	$123K	$329K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.585	−0.128%	$239K	$1.2M	25x	as long as short