Funding arb · Price arb /

VVV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.089%

Price spread now: Hyperliquid against Pacifica+0.111%7-day average +0.058% · you sell dearer than you buy

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

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.111%, 7d avg +0.058%

Together, before fees+0.197%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$20 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: Hyperliquid is 0.053% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica VVV	31.062	0.0100	pay 0.0013% / 1h	19m 56s	$183K	$128K	10x
Short	Hyperliquid VVV	31.097	0.0100	get 0.0013% / 1h	19m 56s	$70.0M	$47.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.058%: $5.34
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$11.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 28 min ago; Hyperliquid: live order book, 4 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 Pacifica live order book, 28 min ago	5.36 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.65 bp	doesn't fit	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
RISEx VVV/USDC	−0.0329%	1h	31.058	−0.013%	$389K	$644K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−1.393%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.062	−0.001%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.658%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.035	−0.090%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.061	−0.005%	$453K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.044	−0.058%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.092	+0.094%	$164K	$891K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	31.097	+0.111%	$70.0M	$47.9M	3x
Aster VVVUSDT	+0.0100%	4h	31.101	+0.124%	$247K	$1.0M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVVlong	+0.0100%	1h	31.062	long leg	$183K	$128K	10x
Binance VVVUSDT	+0.0100%	4h	31.129	+0.216%	$33.6M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.101	+0.124%	$38.5M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.154	+0.295%	$4.8M	$30.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.099	+0.118%	$10.9M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.126	+0.205%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.082	+0.063%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.092	+0.095%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.121	+0.188%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.914	−0.478%	$1.9M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.078	+0.050%	$120K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.046	−0.052%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.055	−0.024%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.095	+0.105%	$297K	$2.2M	5x	as long as short
01 Exchange VVVUSD	+0.0104%	1h	31.091	+0.092%	$11K	$3K	3x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.125	+0.200%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.916	−0.473%	$77K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0148%	4h	30.951	−0.359%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0181%	8h	31.062	−0.002%	$99K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.754	−0.993%	$32K	$243K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0407%	1h	31.074	+0.038%	$86K	$22K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0421% / S −0.0196%	1h	31.063	+0.002%	$497K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0427%	1h	31.116	+0.171%	$116K	$239K	5x	as long as short