Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0619%/8h= −67.7% APRpaid last 24h −0.112%

Price spread now: Variational Omni against Hyperliquid−0.105%7-day average −0.111% · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.203%−$20 on $10k

Price spread, last 7 days−0.083%−$8 · spread now −0.105%, 7d avg −0.111%

Together, before fees−0.287%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.111%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.712	0.0719	pay 0.0090% / 1h	38m 55s	$76.4M	$55.5M	3x
Short	Variational Omni VVV	32.678	0.0100	get 0.0050% / 4h	1h 38m	$2.2M	$180K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.105%Rate

Funding earned: −$129.91
Price spread: −0.105% → −0.111%: $0.67
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$138.24
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, 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, 5 min ago	0.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.86 bp	doesn't fit	58.6 bp −$586	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	0.0000%	1h	32.668	−0.134%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.685	−0.082%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.330%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.686	−0.080%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.664	−0.147%	$489K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.808	+0.293%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.696	−0.047%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.687	−0.076%	$273K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.715	+0.009%	$188K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.683	−0.087%	$34.3M	$156.2M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.646	−0.201%	$40.2M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.675	−0.113%	$4.8M	$43.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.669	−0.131%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.676	−0.110%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.694	−0.055%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.651	−0.186%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.680	−0.098%	—	$5.5M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	32.678	−0.105%	$2.2M	$180K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.661	−0.156%	$131K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.662	−0.152%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.666	−0.141%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.687	−0.077%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0102%	8h	32.676	−0.110%	$108K	$6.8M	1.7x	as long as short
edgeX VVVUSDC	+0.0104%	4h	32.718	+0.019%	$81K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.671	−0.124%	$324K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.684	−0.084%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0136%	4h	32.670	−0.128%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.751	+0.118%	$199K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.680	−0.097%	$401K	$594K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0189% / S +0.0165%	1h	32.660	−0.158%	$628K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0311%	1h	32.692	−0.062%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0504%	1h	32.715	+0.009%	$12K	$3K	3x	as long as short
Hyperliquid VVVlong	+0.0719%	1h	32.712	long leg	$76.4M	$55.5M	3x