VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h +0.113%

Price spread now: Hyperliquid against Coinbase International+0.031%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 3 days (all we have)+0.292%+$29 · spread now +0.031%, 7d avg +0.061%

Together, before fees+0.416%+ Points / potential airdropHyperliquid: Season 2 · farm board+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.056	0.0232	pay 0.0029% / 1h	16m 47s	$212K	$1.3M	25x
Short	Hyperliquid VVV	32.066	0.0100	get 0.0013% / 1h	16m 47s	$73.2M	$54.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. 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 Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$27.72
Price spread: +0.031% → +0.061%: −$3.04
Slippage, 4 orders: −$67.15
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$116.92
Costs to cover: 0.862%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Coinbase International live order book, 2 min ago	23.59 bp	28.6 bp −$29	33.1 bp −$331	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.16 bp	13.6 bp −$14	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	32.016	−0.125%	$121K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.017	−0.121%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.019	−0.118%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.383%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	31.978	−0.244%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.021	−0.111%	$393K	$576K	5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.036	−0.063%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.027	−0.091%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.007	−0.153%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.026	−0.093%	$148K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVshort	+0.0100%	1h	32.066	+0.031%	$73.2M	$54.3M	3x
Aster VVVUSDT	+0.0100%	4h	32.022	−0.108%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.036	−0.064%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.009	−0.147%	$33.8M	$154.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.990	−0.207%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.011	−0.141%	$4.8M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.001	−0.172%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.012	−0.138%	$17.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.004	−0.163%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.000	−0.175%	$5.8M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.995	−0.191%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.953	−0.321%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.998	−0.182%	$143K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.014	−0.133%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.985	−0.222%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.027	−0.090%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.997	−0.183%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.026	−0.096%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.977	−0.247%	$79K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0158%	4h	32.048	−0.026%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.007	−0.155%	$559K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0232%	1h	32.056	long leg	$212K	$1.3M	25x
Backpack VVV_USDC_PERP	+0.0270%	1h	32.041	−0.046%	$122K	$380K	5x	as long as short