Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.030%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.161%−$16 · spread now +0.030%, 7d avg −0.052%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.082% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	30.366	0.0100	pay 0.0050% / 4h	3h 27m	$4.7M	$31.3M	20x
Short	Bybit VVVUSDT	30.375	0.0100	get 0.0050% / 4h	3h 27m	$37.9M	$42.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.052%: $8.16
Slippage, 4 orders: −$41.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.21
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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 OKX live order book, 1 min ago	2.47 bp	17.5 bp −$17	93.2 bp −$932	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.47 bp	15.6 bp −$16	30.8 bp −$308	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/USDC	−0.0417%	1h	30.353	−0.042%	$372K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0133%	1h	30.378	+0.040%	$117K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.400	+0.112%	$148K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.395	+0.097%	$85K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.405	+0.130%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+8.081%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.377	+0.036%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.405	+0.128%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.421	+0.181%	$444K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.377	+0.037%	$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	30.409	+0.142%	$140K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.404	+0.125%	$68.7M	$49.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.402	+0.118%	$242K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.413	+0.155%	$179K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.386	+0.067%	$32.7M	$126.3M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.375	+0.030%	$37.9M	$42.5M	20x
OKX VVV-USDT-SWAPlong	+0.0100%	4h	30.366	long leg	$4.7M	$31.3M	20x
Gate VVV_USDT	+0.0100%	4h	30.403	+0.122%	$10.4M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.411	+0.148%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.383	+0.056%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.384	+0.059%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.413	+0.155%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.479	+0.371%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.401	+0.115%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.431	+0.214%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.384	+0.058%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.393	+0.090%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	30.411	+0.148%	$76K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0128%	4h	30.441	+0.247%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0129%	1h	30.417	+0.168%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0138%	8h	30.394	+0.092%	$102K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0229%	1h	30.429	+0.206%	$120K	$244K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0424% / S −0.0174%	1h	30.402	+0.118%	$533K	—	100x	as long as short