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: KuCoin against Hyperliquid−0.049%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$990.991% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.049%, 7d avg −0.080%

Together, before fees−0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: KuCoin is 0.031% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	30.723	0.0100	pay 0.0013% / 1h	29m 41s	$69.2M	$47.9M	3x
Short	KuCoin VVVUSDTM	30.708	0.0100	get 0.0050% / 4h	2h 29m	$1.9M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.080%: $3.08
Slippage, 4 orders: −$78.07
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$95.99
Costs to cover: 0.991%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 2 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	0.98 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	12.54 bp	44.8 bp −$45	208.6 bp −$2,086	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	30.696	−0.088%	$382K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.303%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.699	−0.079%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.826%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0043%	1h	30.712	−0.035%	$85K	$22K	10x	as long as short
BloFin VVV-USDT	+0.0065%	4h	30.736	+0.042%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.712	−0.036%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0081%	1h	30.695	−0.091%	$118K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.706	−0.054%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.711	−0.039%	$447K	$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	30.698	−0.082%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.721	−0.005%	$134K	$870K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	30.723	long leg	$69.2M	$47.9M	3x
Aster VVVUSDT	+0.0100%	4h	30.732	+0.031%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.721	−0.007%	$181K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.709	−0.046%	$33.1M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.685	−0.125%	$38.0M	$41.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.701	−0.072%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.713	−0.033%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.708	−0.049%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	30.708	−0.049%	$1.9M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	30.692	−0.101%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.731	+0.026%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−0.050%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.698	−0.081%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.720	−0.010%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.715	−0.026%	$294K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.719	−0.014%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	30.717	−0.019%	$76K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0199%	8h	30.727	+0.013%	$94K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.770	+0.153%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0385%	1h	30.747	+0.077%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0176%	1h	30.695	−0.091%	$536K	—	100x	as long as short