Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h +0.075%

Price spread now: RISEx against Bybit+0.012%7-day average +0.045% · 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−$49as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.356%+$36 on $10k

Price spread, last 7 days+0.091%+$9 · spread now +0.012%, 7d avg +0.045%

Together, before fees+0.447%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and RISEx is 0.033% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.356%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.038	0.0100	pay 0.0050% / 4h	1h 03m	$38.0M	$44.8M	20x
Short	RISEx VVV/USDC	31.042	−0.0152	pay 0.0019% / 1h	3m 58s	$381K	$645K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$52.94
Price spread: +0.012% → +0.045%: −$3.29
Slippage, 4 orders: −$28.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$101.89
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; RISEx: live order book, 60 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 Bybit live order book, 5 min ago	1.29 bp	16.1 bp −$16	52.9 bp −$529	doesn't fit	doesn't fit
Sell RISEx live order book, 60 min ago	1.85 bp	4.9 bp −$5	20.8 bp −$208	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
RISEx VVV/USDCshort	−0.0152%	1h	31.042	+0.012%	$381K	$645K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.040	+0.007%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.051	+0.043%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0024%	4h	31.005	−0.106%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.741%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0061%	1h	31.044	+0.019%	$127K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0065%	4h	31.127	+0.287%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.990	−0.154%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.975	−0.203%	$458K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.059	+0.068%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.070	+0.105%	$143K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.014	−0.077%	$71.2M	$50.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.063	+0.081%	$250K	$1.2M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.109	+0.230%	$184K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.054	+0.052%	$32.9M	$136.0M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.038	long leg	$38.0M	$44.8M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.047	+0.029%	$4.7M	$35.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.049	+0.035%	$6.3M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.038	0.000%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.031	−0.023%	$5.7M	$7.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.042	+0.013%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.093	+0.179%	$2.0M	$233K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.036	−0.006%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.060	+0.071%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.041	+0.009%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.045	+0.024%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.145	+0.344%	$77K	$334K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.057	+0.061%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0153%	1h	31.145	+0.345%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	+1.989%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0169%	8h	31.019	−0.061%	$99K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	31.039	+0.005%	$560K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0317%	1h	31.015	−0.073%	$122K	$280K	5x	as long as short