Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.058%

Price spread now: Hyperliquid against Binance+0.199%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days−0.159%−$16 · spread now +0.199%, 7d avg +0.036%

Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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 0.163% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.732	0.0100	pay 0.0050% / 4h	41m 01s	$33.9M	$114.8M	25x
Short	Hyperliquid VVV	31.795	0.0100	get 0.0013% / 1h	41m 01s	$71.2M	$45.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → +0.036%: $16.27
Slippage, 4 orders: −$33.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$35.77
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 13 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 Binance live order book, 2 min ago	0.16 bp	14.1 bp −$14	35.4 bp −$354	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	1.42 bp	13.0 bp −$13	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	−0.0337%	1h	31.698	−0.106%	$389K	$660K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.520	−0.667%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.776	+0.139%	$93K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.736	+0.013%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.751	+0.059%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.429%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0093%	4h	31.774	+0.132%	$1.4M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.743	+0.034%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.749	+0.054%	$467K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.694	−0.121%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.716	−0.049%	$164K	$943K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	31.795	+0.199%	$71.2M	$45.2M	3x
Aster VVVUSDT	+0.0100%	4h	31.734	+0.006%	$251K	$661K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.708	−0.075%	$187K	$124K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.732	long leg	$33.9M	$114.8M	25x
Bybit VVVUSDT	+0.0100%	4h	31.706	−0.082%	$38.7M	$40.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.706	−0.082%	$4.9M	$28.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.718	−0.044%	$11.7M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.756	+0.076%	$7.0M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.702	−0.095%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.718	−0.044%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.761	+0.091%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.569	−0.513%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.710	−0.069%	$123K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.731	−0.002%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.723	−0.028%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.738	+0.020%	$302K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.743	+0.034%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.632	−0.315%	$79K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0168%	1h	31.725	−0.022%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.640	−0.290%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0210%	1h	31.761	+0.091%	$510K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0455%	1h	31.788	+0.177%	$164K	$274K	5x	as long as short