VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.080%

Price spread now: Hyperliquid against Extended+0.140%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.665% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.140%, 7d avg +0.090%

Together, before fees+0.280%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.050% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VVV-USD	32.026	0.0104	pay 0.0013% / 1h	16m 42s	$317K	$1.6M	5x
Short	Hyperliquid VVV	32.071	0.0100	get 0.0013% / 1h	16m 42s	$73.3M	$54.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$0.84
Price spread: +0.140% → +0.090%: $5.05
Slippage, 4 orders: −$52.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$62.28
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 2 min ago	0.88 bp	18.8 bp −$19	200.4 bp −$2,004	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	−0.032%	$121K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.017	−0.027%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.019	−0.024%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.479%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	31.978	−0.150%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.035	+0.029%	$393K	$573K	5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.036	+0.031%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.027	+0.002%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.008	−0.057%	$478K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.026	+0.001%	$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	32.071	+0.140%	$73.3M	$54.3M	3x
Aster VVVUSDT	+0.0100%	4h	32.039	+0.040%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.023	−0.009%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.005	−0.067%	$33.8M	$154.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.012	−0.044%	$39.5M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.042	+0.049%	$4.8M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.001	−0.079%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.024	−0.007%	$17.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.006	−0.063%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.023	−0.010%	$5.8M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.025	−0.004%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.953	−0.228%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.998	−0.088%	$143K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.014	−0.040%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.985	−0.129%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.031	+0.015%	$3K	$106	5x	as long as short
Extended VVV-USDlong	+0.0104%	1h	32.026	long leg	$317K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.026	−0.002%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.977	−0.153%	$79K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0158%	4h	32.048	+0.068%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.007	−0.061%	$559K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.056	+0.094%	$212K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0270%	1h	32.041	+0.047%	$122K	$380K	5x	as long as short