Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.015%

Price spread now: Bybit against RISEx+0.021%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.319%−$32 on $10k

Price spread, last 7 days−0.119%−$12 · spread now +0.021%, 7d avg −0.038%

Together, before fees−0.438%−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.059% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.038%. Mind the row above: over the last 4 days funding on this pair cost −0.319%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	32.271	−0.0142	get 0.0018% / 1h	5m 12s	$366K	$740K	5x
Short	Bybit VVVUSDT	32.278	0.0100	get 0.0050% / 4h	1h 05m	$38.1M	$37.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $50.91
Price spread: +0.021% → −0.038%: $5.93
Slippage, 4 orders: −$34.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $5.78
Costs to cover: 0.511%
Break-even: 6.2 days

Slippage from RISEx: live order book, 41 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 RISEx live order book, 41 min ago	2.39 bp	5.4 bp −$5	27.6 bp −$276	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.16 bp	19.5 bp −$19	57.5 bp −$575	doesn't fit	doesn't fit

VVV on 33 exchanges

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
RISEx VVV/USDClong	−0.0142%	1h	32.271	long leg	$366K	$740K	5x
Gate VVV_USDT	−0.0096%	4h	32.262	−0.027%	$12.9M	$5.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.286	+0.047%	$140K	$5.4M	1.6x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.269	−0.005%	$86K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.259	−0.037%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.127	−0.445%	$168K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.702%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0047%	1h	32.269	−0.006%	$86K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0071%	4h	32.292	+0.066%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.272	+0.003%	$2.0M	$3.8M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.281	+0.031%	$487K	$1.4M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.280	+0.028%	$163K	$911K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.316	+0.140%	$75.3M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.280	+0.027%	$257K	$505K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.290	+0.059%	$199K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.281	+0.033%	$33.5M	$97.6M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	32.278	+0.021%	$38.1M	$37.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	32.277	+0.019%	$4.7M	$23.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.288	+0.053%	$7.9M	$4.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.261	−0.031%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.280	+0.028%	$5.9M	$5.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.273	+0.007%	—	$4.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.245	−0.080%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.121	−0.464%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.255	−0.049%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.266	−0.014%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.276	+0.017%	$301K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.273	+0.007%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.228	−0.133%	$80K	$320K	10x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	32.299	+0.087%	$12K	$2K	3x	as long as short
Phoenix VVV	+0.0198%	1h	32.259	−0.037%	$33K	$192K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0348%	1h	32.287	+0.051%	$177K	$255K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.255	−0.048%	$519K	—	100x	as long as short