Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Bybit against Polymarket Perps+0.013%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.013%, 7d avg −0.037%

Together, before fees−0.232%−$23 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 0.050% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	32.048	0.0100	pay 0.0013% / 1h	25m 21s	$134K	$1.2M	3x
Short	Bybit VVVUSDT	32.052	0.0100	get 0.0050% / 4h	1h 25m	$39.5M	$52.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.037%: $5.04
Slippage, 4 orders: −$37.81
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.77
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Bybit: live order book, 4 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 Polymarket Perps live order book, 3 min ago	0.77 bp	6.0 bp −$6	6.1 bp −$61	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.77 bp	22.4 bp −$22	67.7 bp −$677	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.064	+0.049%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.070	+0.070%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.409%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0074%	4h	32.078	+0.094%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.086	+0.118%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.037	−0.034%	$476K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.033	−0.047%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.073	+0.080%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.065	+0.052%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.063	+0.047%	$184K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.050	+0.007%	$33.5M	$157.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	32.052	+0.013%	$39.5M	$52.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	32.056	+0.025%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.064	+0.050%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.083	+0.109%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.051	+0.009%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.058	+0.031%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.090	+0.131%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	+0.092%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USDlong	+0.0100%	1h	32.048	long leg	$134K	$1.2M	3x
Derive VVV-PERP	+0.0100%	1h	32.059	+0.034%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	+0.087%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.049	+0.004%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.289	+0.752%	$80K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	32.018	−0.094%	$105K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.060	+0.037%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.042	−0.020%	$6K	$13K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	31.773	−0.860%	$156K	$1.2M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.061	+0.040%	$393K	$599K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0166%	1h	32.073	+0.079%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0256%	1h	32.027	−0.065%	$121K	$377K	5x	as long as short
01 Exchange VVVUSD	+0.0416%	1h	32.062	+0.044%	$11K	$3K	3x	as long as short
Hyperliquid VVV	+0.0462%	1h	32.102	+0.168%	$74.5M	$56.1M	3x	as long as short