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% APRpaid last 24h −0.089%

Price spread now: Bybit against Hyperliquid−0.139%7-day average −0.126% · you buy dearer than you sell

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

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.139%, 7d avg −0.126%

Together, before fees−0.289%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.044	0.0100	pay 0.0013% / 1h	17m 51s	$69.9M	$47.9M	3x
Short	Bybit VVVUSDT	31.001	0.0100	get 0.0050% / 4h	2h 17m	$38.4M	$41.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.126%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	0.65 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.16 bp	19.2 bp −$19	32.9 bp −$329	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	−0.0329%	1h	30.977	−0.215%	$394K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−1.334%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.993	−0.164%	$86K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.998	−0.147%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.721%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	31.043	−0.003%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.978	−0.213%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.016	−0.090%	$454K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.979	−0.210%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.005	−0.124%	$163K	$893K	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	31.044	long leg	$69.9M	$47.9M	3x
Aster VVVUSDT	+0.0100%	4h	31.038	−0.021%	$247K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.016	−0.089%	$183K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.027	−0.054%	$33.5M	$121.2M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.001	−0.139%	$38.4M	$41.6M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.018	−0.084%	$4.8M	$30.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.022	−0.071%	$10.9M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.033	−0.035%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.020	−0.077%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.012	−0.103%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.038	−0.019%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.914	−0.418%	$1.9M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	30.994	−0.161%	$116K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	30.980	−0.206%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.015	−0.093%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	30.978	−0.211%	$77K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.025	−0.063%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.070	+0.085%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.001	−0.139%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0174%	8h	31.006	−0.122%	$99K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.966	−0.251%	$32K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0421% / S −0.0197%	1h	30.993	−0.163%	$496K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0429%	1h	31.046	+0.005%	$116K	$239K	5x	as long as short