Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.082%

Price spread now: BingX against Hyperliquid−0.097%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.097%, 7d avg −0.069%

Together, before fees−0.120%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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: BingX is 0.028% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.022	0.0100	pay 0.0013% / 1h	59m 42s	$74.3M	$55.3M	3x
Short	BingX VVV-USDT	31.991	0.0100	get 0.0050% / 4h	3h 59m	—	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.069%: −$2.76
Slippage, 4 orders: −$31.37
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.12
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 10 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 Hyperliquid live order book, 4 min ago	0.47 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.16 bp	15.7 bp −$16	36.0 bp −$360	213.4 bp −$21.3K	532.4 bp −$266.2K

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
Polymarket Perps VVV-USD	−0.0038%	1h	31.976	−0.144%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.982	−0.126%	$393K	$600K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	32.002	−0.062%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.996	−0.081%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.989	−0.103%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.992	−0.093%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.492%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.978	−0.136%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.977	−0.141%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.002	−0.061%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVlong	+0.0100%	1h	32.022	long leg	$74.3M	$55.3M	3x
Aster VVVUSDT	+0.0100%	4h	31.978	−0.137%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.998	−0.075%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.990	−0.101%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.981	−0.128%	$39.2M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.987	−0.109%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.979	−0.134%	$10.8M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.996	−0.081%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.989	−0.103%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.982	−0.125%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.991	−0.097%	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	31.952	−0.218%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.992	−0.094%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.976	−0.144%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.990	−0.101%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.961	−0.192%	$79K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.986	−0.112%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.987	−0.109%	$6K	$13K	3x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.231%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0126%	4h	31.982	−0.125%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0138%	1h	32.020	−0.005%	$124K	$345K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.995	−0.085%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.799%	$242K	$1.3M	25x	as long as short