Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.129%

Price spread now: Gate against Hyperliquid−0.059%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

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

costs, in and out, $10k−$750.750% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 7 days−0.111%−$11 · spread now −0.059%, 7d avg −0.142%

Together, before fees−0.434%+ Points / potential airdropHyperliquid: Season 2 · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.083% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.142%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.323% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.105	0.0440	pay 0.0055% / 1h	24m 29s	$74.5M	$56.0M	3x
Short	Gate VVV_USDT	32.086	0.0100	get 0.0050% / 4h	1h 24m	$10.8M	$7.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$71.36
Price spread: −0.059% → −0.142%: $8.27
Slippage, 4 orders: −$50.98
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.07
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Gate: 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 Gate live order book, 4 min ago	5.42 bp	23.0 bp −$23	138.7 bp −$1,387	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	−0.129%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.092	−0.040%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.227%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0074%	4h	32.078	−0.084%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.141	+0.111%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.128	+0.072%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.033	−0.224%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.100	−0.014%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.101	−0.012%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.143	+0.119%	$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	32.080	−0.078%	$33.5M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.044	−0.189%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.060	−0.140%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDTshort	+0.0100%	4h	32.086	−0.059%	$10.8M	$7.8M	25x
MEXC VVV_USDT	+0.0100%	4h	32.106	+0.003%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.103	−0.006%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.097	−0.025%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.088	−0.053%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	−0.086%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.076	−0.090%	$135K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.059	−0.144%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	−0.090%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.123	+0.055%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.289	+0.573%	$80K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	32.018	−0.271%	$105K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.094	−0.033%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.060	−0.140%	$6K	$13K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	31.773	−1.036%	$156K	$1.2M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.100	−0.015%	$394K	$597K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.083	−0.069%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0241%	1h	32.072	−0.102%	$121K	$377K	5x	as long as short
01 Exchange VVVUSD	+0.0408%	1h	32.104	−0.003%	$11K	$3K	3x	as long as short
Hyperliquid VVVlong	+0.0440%	1h	32.105	long leg	$74.5M	$56.0M	3x