Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.112%

Price spread now: Hyperliquid against Variational Omni+1.045%7-day average +0.111% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

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−0.857%−$86 · spread now +1.045%, 7d avg +0.111%

Together, before fees−0.654%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.934% dearer against Variational Omni than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of +0.111%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.203% in total (about 22.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	32.517	0.0100	pay 0.0050% / 4h	1h 41m	$2.1M	$180K	—
Short	Hyperliquid VVV	32.857	0.0784	get 0.0098% / 1h	41m 32s	$76.8M	$55.5M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +1.045%Rate

Funding earned: $143.64
Price spread: +1.045% → +0.111%: $93.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $227.99
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hyperliquid: live order book, 12 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 Variational Omni RFQ quote, 3 min ago	2.86 bp	doesn't fit	68.1 bp −$681	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.15 bp	10.0 bp −$10	doesn't fit	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	32.805	+0.884%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.803	+0.879%	$93K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.811	+0.903%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.931%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.800	+0.868%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.763	+0.755%	$490K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.696	+0.549%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.687	+0.520%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.783	+0.817%	$273K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.780	+0.808%	$188K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.714	+0.604%	$34.4M	$156.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.678	+0.492%	$40.3M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.700	+0.562%	$4.8M	$43.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.776	+0.795%	$11.1M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.754	+0.728%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.759	+0.743%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.717	+0.614%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.720	+0.623%	—	$5.5M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	32.517	long leg	$2.1M	$180K	—
Polymarket Perps VVV-USD	+0.0100%	1h	32.775	+0.792%	$141K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.794	+0.851%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.777	+0.798%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.720	+0.624%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	32.769	+0.773%	$81K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.705	+0.576%	$324K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.799	+0.867%	$7K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.764	+0.758%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.547	+0.089%	$198K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.696	+0.551%	$401K	$594K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0190% / S +0.0135%	1h	32.800	+0.870%	$596K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0357%	1h	32.828	+0.954%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0512%	1h	32.711	+0.595%	$12K	$3K	3x	as long as short
Hyperliquid VVVshort	+0.0784%	1h	32.857	+1.045%	$76.8M	$55.5M	3x