Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0349%/8h= −38.2% APRpaid last 24h −0.107%

Price spread now: Bitget against Hyperliquid−0.165%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.165%, 7d avg −0.102%

Together, before fees−0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% 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	32.161	0.0449	pay 0.0056% / 1h	24m 32s	$74.6M	$56.0M	3x
Short	Bitget VVVUSDT	32.108	0.0100	get 0.0050% / 4h	1h 24m	$5.8M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$73.24
Price spread: −0.165% → −0.102%: −$6.26
Slippage, 4 orders: −$39.29
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.79
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Bitget: live order book, 4 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 Hyperliquid live order book, 9 min ago	0.61 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.65 bp	15.9 bp −$16	53.8 bp −$538	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.064	−0.303%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.070	−0.282%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.049%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0074%	4h	32.078	−0.258%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.141	−0.063%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.128	−0.103%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.033	−0.398%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.073	−0.272%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.103	−0.180%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.143	−0.056%	$184K	$183K	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	32.104	−0.177%	$33.6M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.071	−0.281%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.067	−0.292%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.109	−0.162%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.132	−0.090%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.118	−0.134%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	32.108	−0.165%	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	32.112	−0.152%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	−0.260%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.048	−0.351%	$134K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.059	−0.317%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	−0.264%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.123	−0.119%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.289	+0.398%	$80K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	32.018	−0.445%	$105K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.094	−0.207%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.042	−0.371%	$6K	$13K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	31.773	−1.208%	$156K	$1.2M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.100	−0.189%	$394K	$597K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0166%	1h	32.073	−0.273%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0241%	1h	32.072	−0.276%	$121K	$377K	5x	as long as short
01 Exchange VVVUSD	+0.0408%	1h	32.104	−0.177%	$11K	$3K	3x	as long as short
Hyperliquid VVVlong	+0.0449%	1h	32.161	long leg	$74.6M	$56.0M	3x