Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.130%

Price spread now: Hyperliquid against Gate+0.103%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.103%, 7d avg +0.142%

Together, before fees+0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 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 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	31.961	0.0100	pay 0.0050% / 4h	3m 26s	$10.7M	$7.6M	25x
Short	Hyperliquid VVV	31.994	0.0100	get 0.0013% / 1h	3m 26s	$74.2M	$55.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.142%: −$3.89
Slippage, 4 orders: −$59.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$87.12
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Hyperliquid: live order book, 10 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 Gate live order book, 5 min ago	5.64 bp	21.3 bp −$21	767.8 bp −$7,678	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.73 bp	12.6 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
Polymarket Perps VVV-USD	−0.0039%	1h	31.943	−0.056%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.975	+0.044%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.935	−0.081%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.925	−0.113%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.941	−0.063%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.688%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.973	+0.037%	$393K	$601K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.928	−0.104%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.924	−0.116%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.983	+0.067%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVshort	+0.0100%	1h	31.994	+0.103%	$74.2M	$55.3M	3x
Aster VVVUSDT	+0.0100%	4h	31.965	+0.013%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.950	−0.035%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.971	+0.033%	$33.5M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.977	+0.050%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.983	+0.069%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	31.961	long leg	$10.7M	$7.6M	25x
MEXC VVV_USDT	+0.0100%	4h	31.976	+0.047%	$6.5M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.944	−0.053%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.957	−0.013%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.980	+0.059%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.870	−0.286%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.933	−0.089%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.946	−0.047%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.932	−0.092%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.972	+0.033%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.933	−0.088%	$6K	$13K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0118%	1h	31.965	+0.012%	$124K	$348K	5x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.932	−0.092%	$79K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.041%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0143%	4h	31.929	−0.100%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.933	−0.087%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.991%	$242K	$1.3M	25x	as long as short