Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h −0.029%

Price spread now: Bybit against RISEx−0.203%45s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.484% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.336%−$34 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.203%, 7d avg −0.041%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.161% cheaper against RISEx than usual: you would sell low and buy high (spread −0.203% now, against its 7-day average of −0.041%). If the spread goes back, that is −$16 on $10k: about 2.9 days of funding at the current rate (+$6 a day). Mind the row above: over the last 4 days funding on this pair cost −0.336%, so the current rate has only just turned in your favour. The two prices were read 45 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	RISEx VVV/USDC	31.586	−0.0085	get 0.0011% / 1h	0m 50s	$387K	$654K	5x
Short	Bybit VVVUSDT	31.522	0.0100	get 0.0050% / 4h	1h 00m	$38.5M	$40.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now −0.203%Rate

Funding earned: $38.95
Price spread: −0.203% → −0.041%: −$16.11
Slippage, 4 orders: −$31.41
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.56
Costs to cover: 0.484%
Break-even: 11.6 days

Slippage from RISEx: live order book, 43 min ago; Bybit: live order book, 3 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 RISEx live order book, 43 min ago	3.07 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.32 bp	17.4 bp −$17	36.4 bp −$364	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	−0.0105%	1h	31.539	−0.149%	$88K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.498	−0.277%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDClong	−0.0085%	1h	31.586	long leg	$387K	$654K	5x
01 Exchange VVVUSD	−0.0016%	1h	31.601	+0.048%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.580	−0.019%	$92K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.608	+0.070%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.907%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.554	−0.102%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.559	−0.085%	$466K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.611	+0.080%	$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	31.616	+0.097%	$143K	$924K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.574	−0.038%	$70.7M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.569	−0.055%	$250K	$792K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.629	+0.137%	$187K	$126K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.560	−0.082%	$33.9M	$117.5M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.522	−0.203%	$38.5M	$40.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.548	−0.120%	$4.9M	$29.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.529	−0.180%	$11.4M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.567	−0.060%	$6.9M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.550	−0.114%	$1.7M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.542	−0.139%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.561	−0.079%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.531	−0.174%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.606	+0.063%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.624	+0.121%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.560	−0.082%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.546	−0.127%	$302K	$1.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.601	+0.049%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.614	+0.088%	$79K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0107%	4h	31.565	−0.066%	$1.4M	$1.5M	25x	as long as short
Phoenix VVV	+0.0307%	1h	31.698	+0.355%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0400%	1h	31.559	−0.087%	$155K	$269K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.603	+0.053%	$507K	—	100x	as long as short