Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.109%

Price spread now: Hyperliquid against Bybit+0.069%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 7 days+0.103%+$10 · spread now +0.069%, 7d avg +0.133%

Together, before fees+0.381%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.064% cheaper against Bybit than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.133%). If the spread goes back, that is −$6 on $10k: about 15 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.278% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	32.019	0.0086	pay 0.0043% / 4h	3h 21m	$39.3M	$51.5M	20x
Short	Hyperliquid VVV	32.041	0.0100	get 0.0013% / 1h	21m 20s	$74.4M	$54.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.069%Rate

Funding earned: $2.95
Price spread: +0.069% → +0.133%: −$6.43
Slippage, 4 orders: −$49.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$73.34
Costs to cover: 0.699%
Break-even: 181.1 days

Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 12 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 Bybit live order book, 3 min ago	0.16 bp	21.1 bp −$21	54.6 bp −$546	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	1.72 bp	12.0 bp −$12	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
Polymarket Perps VVV-USD	−0.0257%	1h	31.995	−0.075%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	32.011	−0.025%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.010	−0.028%	$394K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.121	+0.319%	$111K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.193	+0.543%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.040	+0.066%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.050	+0.098%	$19K	—	150x	as long as short
Gate VVV_USDT	+0.0030%	4h	32.033	+0.044%	$10.8M	$7.4M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.502%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	32.083	+0.200%	$1.3M	$1.8M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDTlong	+0.0086%	4h	32.019	long leg	$39.3M	$51.5M	20x
Lighter VVV	+0.0096%	1h	32.007	−0.039%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.006	−0.041%	$473K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.025	+0.017%	$126K	$850K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	32.041	+0.069%	$74.4M	$54.9M	3x
Aster VVVUSDT	+0.0100%	4h	32.048	+0.089%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.037	+0.058%	$191K	$187K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.046	+0.084%	$33.7M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.050	+0.097%	$4.7M	$41.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.032	+0.041%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.100	+0.253%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.015	−0.012%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.052	+0.103%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.038	+0.059%	$124K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.026	+0.023%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.032	+0.040%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.057	+0.119%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.999	−0.062%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.035	+0.050%	$306K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.093	+0.230%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	32.081	+0.193%	$80K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	32.043	+0.075%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.090	+0.223%	$247K	$1.3M	25x	as long as short