Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.109%

Price spread now: Derive against Hyperliquid−0.471%52s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.471% cheaper against Hyperliquid than usual: you would sell low and buy high, −$47 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.749	0.0100	pay 0.0013% / 1h	22m 26s	$73.5M	$50.5M	3x
Short	Derive VVV-PERP	31.600	0.0100	get 0.0013% / 1h	22m 26s	$3K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.471%Rate

Funding earned: $0
Price spread: −0.471% → 0.000%: −$47.08
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$62.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Derive: no order-book sample. 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, 11 min ago	0.32 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0152%	1h	31.668	−0.257%	$396K	$642K	5x	as long as short
Gate VVV_USDT	−0.0046%	4h	31.682	−0.211%	$10.6M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0003%	1h	31.611	−0.435%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.688	−0.191%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.373%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0092%	1h	31.688	−0.192%	$136K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	31.651	−0.310%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.659	−0.283%	$469K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.690	−0.186%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.713	−0.112%	$145K	$854K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVlong	+0.0100%	1h	31.749	long leg	$73.5M	$50.5M	3x
Aster VVVUSDT	+0.0100%	4h	31.683	−0.208%	$256K	$1.4M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.677	−0.227%	$189K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.714	−0.110%	$33.7M	$141.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.703	−0.143%	$39.0M	$46.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.711	−0.120%	$4.9M	$38.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.676	−0.230%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.680	−0.217%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.684	−0.205%	$5.8M	$8.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.711	−0.120%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.374	−1.181%	$2.0M	$241K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.600	−0.471%	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.591	−0.498%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.683	−0.208%	$297K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.630	−0.376%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.715	−0.107%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0116%	4h	31.626	−0.387%	$1.3M	$1.7M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.675	−0.232%	$79K	$334K	10x	as long as short
Phoenix VVV	+0.0153%	1h	31.396	−1.112%	$38K	$264K	5x	as long as short
Kalshi KXVVVPERP	+0.0159%	8h	31.622	−0.400%	$104K	$6.0M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.175	−1.808%	$139K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.594	−0.487%	$570K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0280%	1h	31.651	−0.310%	$123K	$288K	5x	as long as short