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% APRpaid last 24h −0.083%

Price spread now: MEXC against Hyperliquid−0.113%7-day average −0.041% · you buy dearer than you sell

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.113%, 7d avg −0.041%

Together, before fees−0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: MEXC is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.774	0.0100	pay 0.0013% / 1h	17m 19s	$73.6M	$50.7M	3x
Short	MEXC VVV_USDT	31.738	0.0100	get 0.0050% / 4h	1h 17m	$6.4M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → −0.041%: −$7.23
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.23
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; MEXC: live order book, just now. 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	0.95 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, just now	0.79 bp	5.1 bp −$5	60.2 bp −$602	231.3 bp −$23.1K	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	−0.0152%	1h	31.704	−0.220%	$399K	$643K	5x	as long as short
Gate VVV_USDT	−0.0008%	4h	31.713	−0.192%	$10.6M	$6.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.707	−0.209%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.292%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0056%	1h	31.719	−0.172%	$88K	$24K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.744	−0.093%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.736	−0.119%	$470K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.722	−0.163%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.715	−0.184%	$147K	$848K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.774	long leg	$73.6M	$50.7M	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.743	−0.097%	$256K	$1.4M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.736	−0.120%	$190K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.736	−0.118%	$33.7M	$139.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.720	−0.170%	$39.0M	$45.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.722	−0.163%	$4.8M	$37.6M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.738	−0.113%	$6.4M	$6.7M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.731	−0.135%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.718	−0.176%	$5.8M	$8.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.726	−0.151%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.678	−0.303%	$2.0M	$241K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.714	−0.189%	$137K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.699	−0.234%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.700	−0.233%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.723	−0.161%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.727	−0.146%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.738	−0.114%	$79K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.736	−0.119%	$1.2M	$1.7M	25x	as long as short
Phoenix VVV	+0.0153%	1h	31.735	−0.122%	$37K	$264K	5x	as long as short
01 Exchange VVVUSD	+0.0168%	1h	31.756	−0.056%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	−0.373%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0171%	8h	31.730	−0.138%	$105K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.706	−0.215%	$571K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0347%	1h	31.730	−0.140%	$125K	$286K	5x	as long as short