VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.059%

Price spread now: Injective against Hyperliquid+2.807%53s7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

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

The price spread pays, funding is against you. Injective is 2.807% dearer against Hyperliquid than usual: you sell high and buy low (spread +2.807% now, against zero (this spread has no 7-day history yet)): +$281 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.924	0.0100	pay 0.0013% / 1h	8m 24s	$74.1M	$54.9M	3x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	8m 24s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.807%Rate

Funding earned: −$14
Price spread: +2.807% → 0.000%: $280.67
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $257.65
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: no order-book sample. 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, 5 min ago	0.16 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Polymarket Perps VVV-USD	−0.0235%	1h	31.894	−0.094%	$159K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0171%	4h	31.908	−0.050%	$39.0M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0138%	4h	31.894	−0.094%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.915	−0.029%	$392K	$600K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.950	+0.081%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.927	+0.009%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.179%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.907	−0.055%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.923	−0.002%	$19K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+2.807%	$2K	$1K	5.5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0045%	4h	31.896	−0.088%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.888	−0.114%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.907	−0.053%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.921	−0.009%	$125K	$850K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.924	long leg	$74.1M	$54.9M	3x
Aster VVVUSDT	+0.0100%	4h	31.928	+0.012%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.919	−0.015%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.913	−0.036%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.907	−0.053%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.916	−0.025%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.942	+0.056%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.902	−0.069%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.916	−0.025%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	−0.022%	$123K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.923	−0.002%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.915	−0.027%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.931	+0.022%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.918	−0.020%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.905	−0.059%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.904	−0.063%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.953	+0.092%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.915	−0.028%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.927	+0.010%	$245K	$1.2M	25x	as long as short