Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.089%

Price spread now: Hyperliquid against Derive−0.048%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.048% cheaper against Derive than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive VVV-PERP	31.359	0.0100	pay 0.0013% / 1h	0m 50s	$3K	$3K	5x
Short	Hyperliquid VVV	31.344	0.0100	get 0.0013% / 1h	0m 50s	$70.5M	$48.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Derive. 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 DerivebpFee HyperliquidbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → 0.000%: −$4.85
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.85
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 13 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 Derive no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 13 min ago	0.32 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
RISEx VVV/USDC	−0.0329%	1h	31.353	−0.020%	$390K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.403	+0.141%	$191K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.350	−0.029%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.366	+0.023%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.658%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0088%	4h	31.330	−0.093%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.305	−0.174%	$2.0M	$4.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.339	−0.064%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.358	−0.003%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.383	+0.077%	$163K	$897K	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	31.344	−0.048%	$70.5M	$48.0M	3x
Aster VVVUSDT	+0.0100%	4h	31.341	−0.057%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.382	+0.072%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.319	−0.128%	$33.8M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.290	−0.221%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.314	−0.144%	$4.9M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.320	−0.125%	$11.1M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.342	−0.055%	$6.7M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.350	−0.029%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.326	−0.106%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.317	−0.135%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.291	−0.217%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.360	+0.003%	$121K	$1.4M	3x	as long as short
Derive VVV-PERPlong	+0.0100%	1h	31.359	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.332	−0.087%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.322	−0.119%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.345	−0.045%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	31.353	−0.020%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.362	+0.009%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0129%	8h	31.373	+0.044%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.393	+0.108%	$33K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0198%	1h	31.364	+0.017%	$502K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0448%	1h	31.371	+0.037%	$152K	$263K	5x	as long as short