Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.109%

Price spread now: KuCoin against Hyperliquid−0.106%7-day average −0.073% · you buy dearer than you sell

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

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 7 days+0.311%+$31 · spread now −0.106%, 7d avg −0.073%

Together, before fees+0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: KuCoin is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.186	0.0100	pay 0.0013% / 1h	27m 18s	$74.5M	$55.8M	3x
Short	KuCoin VVVUSDTM	32.152	0.0100	get 0.0050% / 4h	27m 18s	$2.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.073%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.25
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 5 min ago. 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, 6 min ago	1.09 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	10.44 bp	46.2 bp −$46	233.3 bp −$2,333	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	32.136	−0.155%	$110K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.147	−0.121%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.160	−0.080%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.970%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.096	−0.280%	$395K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0044%	1h	32.132	−0.168%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0056%	1h	32.102	−0.261%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0064%	4h	32.116	−0.217%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.127	−0.185%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.069	−0.364%	$477K	$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	32.132	−0.166%	$127K	$850K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.186	long leg	$74.5M	$55.8M	3x
Aster VVVUSDT	+0.0100%	4h	32.152	−0.104%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.117	−0.215%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.159	−0.085%	$33.7M	$156.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.152	−0.107%	$39.5M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.142	−0.137%	$4.7M	$42.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.143	−0.134%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.161	−0.078%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	32.152	−0.106%	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	32.140	−0.143%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.154	−0.099%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.089	−0.302%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.140	−0.142%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.119	−0.208%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.123	−0.196%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.100	−0.266%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.151	−0.110%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.120	−0.205%	$80K	$332K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.130	−0.174%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0143%	1h	32.115	−0.219%	$121K	$358K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0173%	1h	32.151	−0.110%	$618K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.285%	$242K	$1.3M	25x	as long as short