Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.089%

Price spread now: Hyperliquid against Derive−0.033%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.033% cheaper against Derive than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive VVV-PERP	31.058	0.0100	pay 0.0013% / 1h	17m 07s	$3K	$3K	5x
Short	Hyperliquid VVV	31.048	0.0100	get 0.0013% / 1h	17m 07s	$69.9M	$47.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Derive. 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 DerivebpFee HyperliquidbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → 0.000%: −$3.28
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$18.28
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 6 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 Derive no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	0.65 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0329%	1h	31.001	−0.183%	$394K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−1.379%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.050	−0.027%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.673%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.065	+0.023%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.083	+0.080%	$455K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.013	−0.145%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.081	+0.072%	$164K	$893K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	31.048	−0.033%	$69.9M	$47.9M	3x
Aster VVVUSDT	+0.0100%	4h	31.051	−0.024%	$247K	$1.0M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	31.018	−0.131%	$183K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.057	−0.004%	$33.5M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.020	−0.123%	$38.4M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.044	−0.046%	$4.8M	$30.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.037	−0.068%	$10.9M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.058	−0.001%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.058	−0.001%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.045	−0.042%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.042	−0.052%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.914	−0.464%	$1.9M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.050	−0.026%	$116K	$1.4M	3x	as long as short
Derive VVV-PERPlong	+0.0100%	1h	31.058	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.025	−0.107%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	30.978	−0.257%	$77K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.079	+0.066%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.096	+0.122%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.026	−0.104%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0121%	4h	31.101	+0.138%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0174%	8h	31.050	−0.026%	$83K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.034	−0.078%	$32K	$243K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0281%	1h	31.090	+0.101%	$86K	$22K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0421% / S −0.0197%	1h	31.052	−0.020%	$496K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0431%	1h	31.079	+0.067%	$116K	$239K	5x	as long as short