Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.022%

Price spread now: Deribit against Bybit+0.464%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.464% dearer against Bybit than usual: you sell high and buy low (spread +0.464% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.037% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.261	0.0100	pay 0.0050% / 4h	3h 33m	$38.1M	$38.8M	20x
Short	Deribit VVV_USDC-PERPETUAL	31.406	−0.0024	pay 0.0003% / 1h	33m 41s	$87K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.464%Rate

Funding earned: −$25.99
Price spread: +0.464% → 0.000%: $46.35
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $2.36
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 min ago; Deribit: no order-book sample. 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 Bybit live order book, 5 min ago	0.79 bp	17.8 bp −$18	45.0 bp −$450	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
RISEx VVV/USDC	−0.0349%	1h	31.233	−0.091%	$382K	$690K	5x	as long as short
Deribit VVV_USDC-PERPETUALshort	−0.0024%	1h	31.406	+0.464%	$87K	$20K	10x
Gate VVV_USDT	−0.0006%	4h	31.251	−0.033%	$11.8M	$4.8M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.349	+0.280%	$91K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	+0.234%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.325	+0.205%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.986%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0096%	4h	31.332	+0.226%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.250	−0.037%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.257	−0.014%	$460K	$1.5M	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	31.262	+0.003%	$3K	$29	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.367	+0.338%	$158K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.309	+0.152%	$69.6M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.282	+0.067%	$247K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.286	+0.078%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.272	+0.033%	$33.3M	$106.4M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.261	long leg	$38.1M	$38.8M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.242	−0.062%	$4.8M	$25.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.294	+0.104%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.311	+0.159%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.242	−0.062%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.236	−0.081%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.276	+0.048%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.324	+0.200%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	+0.118%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.406	+0.463%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.239	−0.070%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.383	+0.387%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.500	+0.765%	$78K	$329K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.358	+0.309%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0336%	1h	31.250	−0.036%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.329	+0.218%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0811%	1h	31.394	+0.425%	$168K	$261K	5x	as long as short