Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0667%/8h= −73.1% APRpaid last 24h −0.079%

Price spread now: Binance against Hyperliquid−0.184%7-day average −0.036% · you buy dearer than you sell

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

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.184%, 7d avg −0.036%

Together, before fees−0.023%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Binance is 0.149% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.165% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.564	0.0767	pay 0.0096% / 1h	56m 39s	$75.4M	$55.3M	3x
Short	Binance VVVUSDT	32.504	0.0100	get 0.0050% / 4h	1h 56m	$34.3M	$155.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now −0.184%Rate

Funding earned: −$140.13
Price spread: −0.184% → −0.036%: −$14.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$174
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Binance: live order book, 2 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 Hyperliquid live order book, 7 min ago	0.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.92 bp	13.5 bp −$13	37.6 bp −$376	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	32.549	−0.046%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.522	−0.130%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.523	−0.127%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.786%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.498	−0.203%	$57K	$291K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.515	−0.150%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.520	−0.135%	$486K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.545	−0.057%	$150K	$781K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.546	−0.055%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.514	−0.153%	$193K	$176K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDTshort	+0.0100%	4h	32.504	−0.184%	$34.3M	$155.6M	25x
Bybit VVVUSDT	+0.0100%	4h	32.483	−0.249%	$40.0M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.494	−0.215%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.533	−0.095%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.520	−0.135%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.513	−0.157%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.520	−0.135%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.545	−0.058%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.611	+0.144%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.523	−0.126%	$152K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.525	−0.120%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.517	−0.144%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.507	−0.176%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.522	−0.130%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.523	−0.125%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.521	−0.132%	$1.4M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.506	−0.179%	$81K	$330K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.490	−0.227%	$200K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.535	−0.090%	$404K	$582K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0097%	1h	32.520	−0.137%	$567K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0441%	1h	32.560	−0.012%	$125K	$377K	5x	as long as short
01 Exchange VVVUSD	+0.0624%	1h	32.574	+0.031%	$12K	$3K	3x	as long as short
Hyperliquid VVVlong	+0.0767%	1h	32.564	long leg	$75.4M	$55.3M	3x