Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.070%

Price spread now: BloFin against Hyperliquid−0.242%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.468%+$47 · spread now −0.242%, 7d avg −0.013%

Together, before fees+0.444%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.229% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.250	0.0100	pay 0.0013% / 1h	33m 15s	$74.7M	$55.7M	3x
Short	BloFin VVV-USDT	32.172	0.0088	get 0.0044% / 4h	33m 15s	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.242%Rate

Funding earned: −$2.49
Price spread: −0.242% → −0.013%: −$22.89
Slippage, 4 orders: −$34.11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$80.48
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; BloFin: 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, 10 min ago	1.08 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.16 bp	20.4 bp −$20	31.9 bp −$319	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	32.176	−0.229%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.202	−0.150%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.216	−0.107%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.767%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.216	−0.105%	$396K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0054%	1h	32.190	−0.186%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.204	−0.143%	$12K	$3K	3x	as long as short
BloFin VVV-USDTshort	+0.0088%	4h	32.172	−0.242%	$1.3M	$1.8M	25x
Lighter VVV	+0.0096%	1h	32.204	−0.143%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.205	−0.140%	$479K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.226	−0.073%	$127K	$850K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.250	long leg	$74.7M	$55.7M	3x
Aster VVVUSDT	+0.0100%	4h	32.209	−0.127%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.229	−0.065%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.218	−0.099%	$33.7M	$156.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.212	−0.116%	$39.5M	$52.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.198	−0.161%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.192	−0.180%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.214	−0.112%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.203	−0.146%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.189	−0.189%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.214	−0.112%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.201	−0.153%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.200	−0.154%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.208	−0.130%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.228	−0.069%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.202	−0.149%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.201	−0.151%	$6K	$13K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0105%	1h	32.244	−0.018%	$122K	$358K	5x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	−0.075%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	−0.043%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.211	−0.122%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.086%	$242K	$1.3M	25x	as long as short