Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against BloFin+0.199%47s7-day average +0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$550.551% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.425%−$42 · spread now +0.199%, 7d avg +0.013%

Together, before fees−0.401%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.186% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 47 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	BloFin VVV-USDT	32.172	0.0088	pay 0.0044% / 4h	32m 22s	$1.3M	$1.8M	25x
Short	Hyperliquid VVV	32.236	0.0100	get 0.0013% / 1h	32m 22s	$74.7M	$55.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.199%Rate

Funding earned: $2.49
Price spread: +0.199% → +0.013%: $18.59
Slippage, 4 orders: −$34.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$34.03
Costs to cover: 0.551%
Break-even: 102.8 days

Slippage from BloFin: live order book, 5 min ago; Hyperliquid: live order book, 11 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 BloFin live order book, 5 min ago	0.16 bp	10.2 bp −$10	21.7 bp −$217	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.08 bp	13.4 bp −$13	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
Kalshi KXVVVPERP	0.0000%	8h	32.176	+0.012%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.202	+0.092%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.205	+0.102%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.014%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.209	+0.114%	$396K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0055%	1h	32.186	+0.044%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.208	+0.112%	$12K	$3K	3x	as long as short
BloFin VVV-USDTlong	+0.0088%	4h	32.172	long leg	$1.3M	$1.8M	25x
Lighter VVV	+0.0096%	1h	32.222	+0.156%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.191	+0.059%	$478K	$1.6M	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	32.198	+0.082%	$127K	$850K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	32.236	+0.199%	$74.7M	$55.7M	3x
Aster VVVUSDT	+0.0100%	4h	32.202	+0.093%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.209	+0.115%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.198	+0.081%	$33.7M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.201	+0.089%	$39.5M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.195	+0.071%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.181	+0.028%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.198	+0.081%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.182	+0.031%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.194	+0.068%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.201	+0.090%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.201	+0.090%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.203	+0.095%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.208	+0.112%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.206	+0.107%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.207	+0.108%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.195	+0.071%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	+0.167%	$80K	$333K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0115%	1h	32.202	+0.093%	$122K	$358K	5x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	+0.199%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.197	+0.076%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.329%	$242K	$1.3M	25x	as long as short