Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.098%

Price spread now: Hyperliquid against Gate+0.016%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 7 days+0.103%+$10 · spread now +0.016%, 7d avg +0.137%

Together, before fees+0.412%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 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: Hyperliquid is 0.121% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	30.581	0.0100	pay 0.0050% / 4h	3h 10m	$10.5M	$5.8M	25x
Short	Hyperliquid VVV	30.586	0.0100	get 0.0013% / 1h	10m 21s	$68.9M	$48.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.137%: −$12.07
Slippage, 4 orders: −$44.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$80.46
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Hyperliquid: live order book, 3 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 Gate live order book, 3 min ago	6.20 bp	27.1 bp −$27	968.4 bp −$9,684	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	1.14 bp	11.2 bp −$11	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
RISEx VVV/USDC	−0.0417%	1h	30.553	−0.092%	$375K	$645K	5x	as long as short
Polymarket Perps VVV-USD	−0.0110%	1h	30.553	−0.092%	$124K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.200%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.571	−0.032%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.583	+0.005%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.322%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	30.665	+0.275%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.560	−0.069%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.576	−0.016%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.585	+0.013%	$446K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.617	+0.117%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.600	+0.062%	$133K	$870K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	30.586	+0.016%	$68.9M	$48.9M	3x
Aster VVVUSDT	+0.0100%	4h	30.619	+0.126%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.635	+0.177%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.571	−0.033%	$32.9M	$125.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.569	−0.039%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.572	−0.029%	$4.8M	$31.2M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	30.581	long leg	$10.5M	$5.8M	25x
MEXC VVV_USDT	+0.0100%	4h	30.604	+0.075%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.614	+0.108%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.579	−0.007%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.582	+0.003%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	+0.181%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.574	−0.023%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.583	+0.007%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.565	−0.052%	$295K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.596	+0.048%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.684	+0.337%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.651	+0.229%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0281%	8h	30.597	+0.052%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0300%	1h	30.656	+0.244%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.565	−0.054%	$533K	—	100x	as long as short