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: OKX against Hyperliquid−0.419%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 7 days+0.397%+$40 · spread now −0.419%, 7d avg −0.078%

Together, before fees+0.177%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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: OKX is 0.340% cheaper against Hyperliquid than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.250	0.0100	pay 0.0013% / 1h	32m 03s	$74.7M	$55.7M	3x
Short	OKX VVV-USDT-SWAP	32.115	0.0100	get 0.0050% / 4h	32m 03s	$4.7M	$42.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.419%Rate

Funding earned: $0
Price spread: −0.419% → −0.078%: −$34.05
Slippage, 4 orders: −$39.36
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$92.41
Costs to cover: 0.584%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; OKX: live order book, 2 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, 12 min ago	1.08 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.40 bp	18.4 bp −$18	65.2 bp −$652	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	−0.0011%	1h	32.196	−0.167%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.220	−0.093%	$112K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.205	−0.140%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.767%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.209	−0.128%	$396K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0055%	1h	32.186	−0.198%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.208	−0.130%	$12K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0088%	4h	32.172	−0.242%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.228	−0.069%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.200	−0.155%	$479K	$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	32.198	−0.160%	$127K	$850K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.250	long leg	$74.7M	$55.7M	3x
Aster VVVUSDT	+0.0100%	4h	32.203	−0.145%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.209	−0.127%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.121	−0.400%	$33.6M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.116	−0.415%	$39.4M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	32.115	−0.419%	$4.7M	$42.5M	20x
Gate VVV_USDT	+0.0100%	4h	32.195	−0.171%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.213	−0.115%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.191	−0.183%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.101	−0.462%	$5.8M	$9.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.141	−0.338%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.201	−0.153%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.203	−0.147%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.211	−0.121%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.206	−0.135%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.111	−0.432%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.195	−0.171%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.226	−0.075%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.236	−0.043%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0129%	1h	32.246	−0.012%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0181% / S +0.0172%	1h	32.197	−0.166%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.086%	$242K	$1.3M	25x	as long as short