VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.055%

Price spread now: Injective against Hyperliquid+4.489%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

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

The price spread pays, funding is against you. Injective is 4.489% dearer against Hyperliquid than usual: you sell high and buy low (spread +4.489% now, against zero (this spread has no 7-day history yet)): +$449 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.410	0.0100	pay 0.0013% / 1h	40m 42s	$71.6M	$54.1M	3x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	40m 42s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +4.489%Rate

Funding earned: −$14
Price spread: +4.489% → 0.000%: $448.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $425.85
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 3 min ago; Injective: 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, 3 min ago	1.12 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
01 Exchange VVVUSD	−0.0048%	1h	31.311	−0.316%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.311	−0.316%	$115K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.346	−0.205%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.352	−0.185%	$18K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+4.489%	$2K	$1K	5.5x
Polymarket Perps VVV-USD	+0.0055%	1h	31.316	−0.300%	$134K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0058%	4h	31.347	−0.201%	$1.3M	$1.7M	25x	as long as short
Phoenix VVV	+0.0077%	1h	31.284	−0.401%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.320	−0.288%	$384K	$572K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.378	−0.101%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.359	−0.163%	$462K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.317	−0.296%	$144K	$781K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.410	long leg	$71.6M	$54.1M	3x
Aster VVVUSDT	+0.0100%	4h	31.358	−0.166%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.382	−0.091%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.369	−0.130%	$33.2M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.365	−0.145%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.380	−0.096%	$4.7M	$40.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.350	−0.191%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.372	−0.121%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.349	−0.195%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.351	−0.188%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.375	−0.112%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.225	−0.589%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.341	−0.220%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.340	−0.223%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.366	−0.142%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.361	−0.157%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.340	−0.223%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.263	−0.468%	$78K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0164%	1h	31.379	−0.099%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.329	−0.257%	$183K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0195%	1h	31.339	−0.227%	$535K	—	100x	as long as short