VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h −0.053%

Price spread now: Phoenix against Hyperliquid−0.300%7-day average −0.042% · you buy dearer than you sell

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

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.300%, 7d avg −0.042%

Together, before fees+0.273%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.258% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.042%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.150%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.378	0.0100	pay 0.0013% / 1h	41m 22s	$71.5M	$54.1M	3x
Short	Phoenix VVV	31.284	0.0077	get 0.0010% / 1h	41m 22s	$55K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.300%Rate

Funding earned: −$4.82
Price spread: −0.300% → −0.042%: −$25.77
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$46.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Phoenix: live order book, 43 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, 12 min ago	2.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 43 min ago	2.87 bp	19.9 bp −$20	57.6 bp −$576	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
01 Exchange VVVUSD	−0.0048%	1h	31.311	−0.214%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.325	−0.169%	$115K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.289	−0.284%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.352	−0.083%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.596%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0055%	1h	31.316	−0.198%	$134K	$1.2M	3x	as long as short
Phoenix VVVshort	+0.0077%	1h	31.284	−0.300%	$55K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.320	−0.186%	$384K	$572K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.311	−0.215%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.297	−0.258%	$461K	$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	31.317	−0.194%	$144K	$781K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.378	long leg	$71.5M	$54.1M	3x
Aster VVVUSDT	+0.0100%	4h	31.323	−0.174%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.331	−0.150%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.349	−0.093%	$33.2M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.339	−0.126%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.344	−0.108%	$4.6M	$40.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.329	−0.156%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.338	−0.127%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.291	−0.277%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.316	−0.198%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.342	−0.115%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.225	−0.487%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.292	−0.274%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.294	−0.268%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.324	−0.173%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.315	−0.201%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.302	−0.241%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.263	−0.366%	$78K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	31.328	−0.159%	$1.3M	$1.7M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0166%	1h	31.320	−0.184%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.254	−0.396%	$182K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0195%	1h	31.339	−0.125%	$535K	—	100x	as long as short