Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.095%

Price spread now: Bybit against Hyperliquid−0.078%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 7 days−0.079%−$8 · spread now −0.078%, 7d avg −0.127%

Together, before fees−0.346%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 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: Bybit is 0.049% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	30.598	0.0100	pay 0.0013% / 1h	8m 47s	$69.0M	$48.7M	3x
Short	Bybit VVVUSDT	30.574	0.0100	get 0.0050% / 4h	3h 08m	$38.0M	$42.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.127%: $4.89
Slippage, 4 orders: −$35.31
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.43
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	1.14 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.49 bp	19.3 bp −$19	45.2 bp −$452	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
RISEx VVV/USDC	−0.0417%	1h	30.566	−0.104%	$375K	$645K	5x	as long as short
Polymarket Perps VVV-USD	−0.0108%	1h	30.562	−0.118%	$124K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.144%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.575	−0.075%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.573	−0.081%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.262%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.584	−0.046%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.585	−0.042%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.590	−0.026%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.573	−0.081%	$3K	$73	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	30.593	−0.018%	$133K	$870K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	30.598	long leg	$69.0M	$48.7M	3x
Aster VVVUSDT	+0.0100%	4h	30.592	−0.020%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.595	−0.009%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.593	−0.017%	$32.9M	$125.2M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.574	−0.078%	$38.0M	$42.5M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.584	−0.046%	$4.8M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.581	−0.056%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.591	−0.023%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.584	−0.046%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.565	−0.108%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.597	−0.003%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	+0.125%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.568	−0.097%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.579	−0.062%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.585	−0.041%	$293K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.576	−0.072%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.684	+0.282%	$76K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0125%	4h	30.596	−0.007%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0129%	1h	30.602	+0.013%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0295%	8h	30.582	−0.052%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0296%	1h	30.610	+0.038%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.570	−0.092%	$534K	—	100x	as long as short