Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0619%/8h= +67.7% APRpaid last 24h +0.081%

Price spread now: Hyperliquid against BingX+0.098%7-day average +0.068% · you sell dearer than you buy

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

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.098%, 7d avg +0.068%

Together, before fees+0.141%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.030% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	32.680	0.0100	pay 0.0050% / 4h	1h 38m	—	$5.5M	—
Short	Hyperliquid VVV	32.712	0.0719	get 0.0090% / 1h	38m 56s	$76.4M	$55.5M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.098%Rate

Funding earned: $129.91
Price spread: +0.098% → +0.068%: $2.96
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $113.87
Costs to cover: 0.190%
Break-even: 0.9 days

Slippage unknown: BingX: live order book, 11 min ago; Hyperliquid: live order book, 5 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 BingX live order book, 11 min ago	0.15 bp	10.6 bp −$11	28.7 bp −$287	227.7 bp −$22.8K	556.2 bp −$278.1K
Sell Hyperliquid live order book, 5 min ago	0.46 bp	5.0 bp −$5	doesn't fit	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	32.668	−0.036%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.685	+0.016%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.428%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.686	+0.018%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.664	−0.049%	$489K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.808	+0.392%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.696	+0.050%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.687	+0.021%	$273K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.715	+0.107%	$188K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.683	+0.011%	$34.3M	$156.2M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.646	−0.103%	$40.2M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.675	−0.015%	$4.8M	$43.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.669	−0.034%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.676	−0.012%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.694	+0.043%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.651	−0.089%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	32.680	long leg	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	32.678	−0.007%	$2.2M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.661	−0.058%	$131K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.662	−0.054%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.666	−0.043%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.687	+0.021%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0102%	8h	32.676	−0.012%	$108K	$6.8M	1.7x	as long as short
edgeX VVVUSDC	+0.0104%	4h	32.718	+0.117%	$81K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.671	−0.027%	$324K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.684	+0.014%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0136%	4h	32.670	−0.031%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.751	+0.216%	$199K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.680	+0.001%	$401K	$594K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0189% / S +0.0165%	1h	32.660	−0.060%	$628K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0311%	1h	32.692	+0.036%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0504%	1h	32.715	+0.107%	$12K	$3K	3x	as long as short
Hyperliquid VVVshort	+0.0719%	1h	32.712	+0.098%	$76.4M	$55.5M	3x