Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%

Price spread now: Bybit against Injective−6.437%68s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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 6.437% cheaper against Injective than usual: you would sell low and buy high (spread −6.437% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$644 on $10k: about 11 months of funding at the current rate (+$2 a day). The two prices were read 68 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	50m 04s	$2K	$1K	5.5x
Short	Bybit VVVUSDT	30.707	0.0100	get 0.0050% / 4h	3h 50m	$38.2M	$42.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now −6.437%Rate

Funding earned: $14
Price spread: −6.437% → 0.000%: −$643.69
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$640.71
Costs to cover: 0.110%
Break-even: 327.4 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.16 bp	18.7 bp −$19	37.6 bp −$376	doesn't fit	doesn't fit

Injective: 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	−0.0417%	1h	30.651	−6.609%	$376K	$643K	5x	as long as short
Polymarket Perps VVV-USD	−0.0129%	1h	30.662	−6.575%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	−6.056%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.699	−6.463%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.683	−6.513%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.694	−6.479%	$23K	—	150x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	30.708	−6.434%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.723	−6.389%	$449K	$1.6M	5x	as long as short
Gate VVV_USDT	+0.0098%	4h	30.692	−6.484%	$10.3M	$5.8M	25x	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	30.655	−6.597%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.673	−6.542%	$141K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.712	−6.424%	$70.0M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.707	−6.438%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.692	−6.485%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.718	−6.406%	$32.9M	$127.5M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.707	−6.437%	$38.2M	$42.6M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.721	−6.395%	$4.8M	$32.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.716	−6.411%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.723	−6.389%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.695	−6.475%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.713	−6.420%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.667	−6.560%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.681	−6.518%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.729	−6.371%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.694	−6.478%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.700	−6.459%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	30.775	−6.232%	$76K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	30.693	−6.481%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.789	−6.188%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0153%	4h	30.681	−6.517%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0231%	1h	30.731	−6.366%	$121K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.680	−6.520%	$538K	—	100x	as long as short