VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.108%

Price spread now: Polymarket Perps against Hyperliquid−0.178%7-day average −0.080% · you buy dearer than you sell

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

Long on Hyperliquid Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.322%−$32 on $10k

Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.178%, 7d avg −0.080%

Together, before fees−0.082%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Polymarket Perps is 0.098% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.011	0.0100	pay 0.0013% / 1h	21m 28s	$73.1M	$54.2M	3x
Short	Polymarket Perps VVV-USD	31.954	0.0084	get 0.0010% / 1h	21m 28s	$143K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$3.38
Price spread: −0.178% → −0.080%: −$9.8
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.17
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Polymarket Perps: live order book, 2 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, 12 min ago	1.43 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.72 bp	5.7 bp −$6	7.4 bp −$74	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
Deribit VVV_USDC-PERPETUAL	−0.0038%	1h	31.984	−0.084%	$92K	$22K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.044	+0.103%	$119K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.992	−0.058%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.527%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	32.017	+0.019%	$1.3M	$1.7M	25x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	31.979	−0.100%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.978	−0.103%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.954	−0.178%	$392K	$576K	5x	as long as short
Polymarket Perps VVV-USDshort	+0.0084%	1h	31.954	−0.178%	$143K	$1.2M	3x
Lighter VVV	+0.0096%	1h	31.923	−0.276%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.903	−0.337%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.970	−0.127%	$148K	$781K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.011	long leg	$73.1M	$54.2M	3x
Aster VVVUSDT	+0.0100%	4h	31.972	−0.123%	$280K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.952	−0.185%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.969	−0.130%	$33.8M	$154.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.954	−0.178%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.967	−0.137%	$4.8M	$41.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.962	−0.153%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.933	−0.244%	$17.2M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.948	−0.197%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.962	−0.153%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.986	−0.078%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.838	−0.541%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.986	−0.080%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.981	−0.094%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.972	−0.121%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.965	−0.144%	$320K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.094	+0.261%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	32.015	+0.012%	$80K	$330K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	31.981	−0.094%	$560K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.028	+0.052%	$206K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0273%	1h	31.992	−0.058%	$122K	$381K	5x	as long as short