Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bybit against gTrade (Gains Network)−0.476%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.476% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.476% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 17 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) VVV/USD	31.278	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	55m 41s	$20K	—	150x
Short	Bybit VVVUSDT	31.129	0.0100	get 0.0050% / 4h	1h 55m	$38.2M	$49.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.476%Rate

Funding earned: $20.06
Price spread: −0.476% → 0.000%: −$47.64
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.58
Costs to cover: 0.230%
Break-even: 24.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.59 bp	13.9 bp −$14	56.2 bp −$562	doesn't fit	doesn't fit

gTrade (Gains Network): 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 32 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	−0.0152%	1h	31.244	−0.109%	$383K	$644K	5x	as long as short
Gate VVV_USDT	−0.0060%	4h	31.174	−0.333%	$10.5M	$6.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.373	+0.304%	$38K	$264K	5x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0005%	1h	31.278	long leg	$20K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.930%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0035%	1h	31.266	−0.038%	$134K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0089%	1h	31.286	+0.025%	$87K	$24K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.142	−0.435%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.166	−0.358%	$461K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.232	−0.146%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.265	−0.041%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.198	−0.256%	$71.9M	$53.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.177	−0.322%	$252K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.234	−0.140%	$187K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.151	−0.405%	$33.1M	$146.6M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.129	−0.476%	$38.2M	$49.8M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.148	−0.416%	$4.7M	$38.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.207	−0.227%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.213	−0.208%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.194	−0.269%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.187	−0.291%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	−0.024%	$2.0M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.268	−0.031%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.285	+0.022%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.185	−0.298%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.254	−0.077%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	+0.232%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0128%	8h	31.246	−0.102%	$107K	$6.2M	1.7x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.272	−0.019%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.154	−0.397%	$155K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.272	−0.019%	$564K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0335%	1h	31.276	−0.005%	$121K	$308K	5x	as long as short