Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0751%/8h= −82.2% APRpaid last 24h −0.078%

Price spread now: BingX against Hyperliquid−0.181%7-day average −0.068% · you buy dearer than you sell

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

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.181%, 7d avg −0.068%

Together, before fees−0.071%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BingX is 0.113% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% 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	32.583	0.0851	pay 0.0106% / 1h	55m 58s	$75.5M	$55.3M	3x
Short	BingX VVV-USDT	32.524	0.0100	get 0.0050% / 4h	1h 55m	—	$5.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$157.67
Price spread: −0.181% → −0.068%: −$11.33
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$188
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; BingX: live order book, 9 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, 8 min ago	0.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.46 bp	14.2 bp −$14	34.9 bp −$349	217.1 bp −$21.7K	711.2 bp −$355.6K

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
Deribit VVV_USDC-PERPETUAL	−0.0002%	1h	32.514	−0.210%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.560	−0.071%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.519	−0.196%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.727%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.498	−0.261%	$57K	$291K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.544	−0.121%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.523	−0.184%	$486K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.494	−0.273%	$150K	$781K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.529	−0.166%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.514	−0.211%	$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 VVVUSDT	+0.0100%	4h	32.530	−0.163%	$34.3M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.512	−0.217%	$40.1M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.519	−0.196%	$4.8M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.532	−0.157%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.538	−0.138%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.531	−0.160%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.515	−0.209%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	32.524	−0.181%	—	$5.4M	—
Variational Omni VVV	+0.0100%	4h	32.611	+0.086%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.492	−0.279%	$151K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.511	−0.220%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.492	−0.279%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.507	−0.234%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.524	−0.180%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.516	−0.204%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.521	−0.190%	$1.4M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.506	−0.238%	$81K	$330K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.490	−0.285%	$200K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.490	−0.286%	$404K	$582K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0097%	1h	32.520	−0.194%	$567K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0469%	1h	32.561	−0.067%	$125K	$377K	5x	as long as short
01 Exchange VVVUSD	+0.0616%	1h	32.531	−0.160%	$12K	$3K	3x	as long as short
Hyperliquid VVVlong	+0.0851%	1h	32.583	long leg	$75.5M	$55.3M	3x