Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0642%/8hpaid last 24h +0.096%

Price spread now: Hyperliquid against OKX+0.140%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$22 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.140%, 7d avg +0.075%

Together, before fees+0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.065% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.075%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	32.050	0.0100	pay 0.0050% / 4h	6m 29s	$4.8M	$40.8M	20x
Short	Hyperliquid VVV	32.095	0.0742	get 0.0093% / 1h	6m 29s	$74.9M	$51.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.140%Rate

Funding earned: $134.83
Price spread: +0.140% → +0.075%: $6.5
Slippage, 4 orders: −$33.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $88.47
Costs to cover: 0.529%
Break-even: 2.4 days

Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 12 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 OKX live order book, 2 min ago	0.78 bp	15.6 bp −$16	58.9 bp −$589	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	1.87 bp	11.6 bp −$12	doesn't fit	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
Kalshi KXVVVPERP	0.0000%	8h	32.158	+0.337%	$129K	$6.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.116	+0.205%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.130	+0.248%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.402%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0094%	4h	32.124	+0.231%	$1.4M	$1.7M	25x	as long as short
Lighter RH VVV	+0.0096%	1h	32.104	+0.168%	$484K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.082	+0.101%	$150K	$775K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.093	+0.135%	$284K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.094	+0.137%	$184K	$167K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.079	+0.090%	$34.0M	$150.9M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.045	−0.016%	$39.8M	$50.4M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	32.050	long leg	$4.8M	$40.8M	20x
Gate VVV_USDT	+0.0100%	4h	32.064	+0.044%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.063	+0.041%	$17.0M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.097	+0.147%	$2.0M	$2.5M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.049	−0.003%	$5.9M	$8.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.066	+0.050%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.145	+0.297%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.053	+0.009%	$139K	$962K	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.122	+0.226%	$429	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.101	+0.159%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.089	+0.121%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.186	+0.425%	$80K	$329K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.079	+0.090%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.146	+0.300%	$6K	$13K	3x	as long as short
Lighter VVV	+0.0136%	1h	32.111	+0.190%	$2.2M	$5.4M	5x	as long as short
RISEx VVV/USDC	+0.0206%	1h	32.091	+0.129%	$392K	$583K	5x	as long as short
Phoenix VVV	+0.0225%	1h	32.182	+0.412%	$56K	$286K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.208	+0.493%	$199K	$1.1M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0309%	1h	32.145	+0.298%	$145K	$366K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0446% / S −0.0192%	1h	32.126	+0.238%	$548K	—	100x	as long as short
01 Exchange VVVUSD	+0.0664%	1h	32.138	+0.275%	$11K	$3K	3x	as long as short
Hyperliquid VVVshort	+0.0742%	1h	32.095	+0.140%	$74.9M	$51.8M	3x