VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.31 per $10,000 · paid last 24h +0.003%

Price spread now: Backpack against Hyperliquid−0.064%7-day average 0.000% · you buy dearer than you sell

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

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 4 days (all we have)−0.522%−$52 · spread now −0.064%, 7d avg 0.000%

Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of 0.000%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.788	0.0100	pay 0.0013% / 1h	16m 15s	$73.6M	$50.7M	3x
Short	Backpack VVV_USDC_PERP	31.768	0.0352	get 0.0044% / 1h	16m 15s	$125K	$286K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.064%Rate

Funding earned: $52.9
Price spread: −0.064% → 0.000%: −$6.34
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: $27.56
Costs to cover: 0.190%
Break-even: 3.4 days

Slippage unknown: Hyperliquid: live order book, 7 min ago; Backpack: live order book, 47 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, 7 min ago	0.95 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 47 min ago	3.22 bp	16.9 bp −$17	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	−0.0152%	1h	31.754	−0.106%	$398K	$644K	5x	as long as short
Gate VVV_USDT	−0.0006%	4h	31.738	−0.157%	$10.6M	$6.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.738	−0.157%	$23K	—	150x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0027%	1h	31.748	−0.126%	$88K	$24K	10x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.247%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.748	−0.125%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.738	−0.157%	$470K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.748	−0.127%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.742	−0.143%	$147K	$848K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.788	long leg	$73.6M	$50.7M	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.743	−0.142%	$256K	$1.4M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.758	−0.094%	$190K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.695	−0.294%	$33.6M	$139.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.646	−0.446%	$38.9M	$45.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.653	−0.425%	$4.8M	$37.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.706	−0.258%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.745	−0.135%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.745	−0.135%	$5.8M	$7.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.761	−0.085%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.678	−0.347%	$2.0M	$241K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.738	−0.157%	$137K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.724	−0.200%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.699	−0.280%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.757	−0.097%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.750	−0.120%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.738	−0.158%	$79K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.736	−0.164%	$1.2M	$1.7M	25x	as long as short
Phoenix VVV	+0.0153%	1h	31.735	−0.167%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	−0.417%	$145K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.739	−0.153%	$572K	—	100x	as long as short
Kalshi KXVVVPERP	+0.0174%	8h	31.764	−0.076%	$105K	$5.9M	1.7x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	31.793	+0.016%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERPshort	+0.0352%	1h	31.768	−0.064%	$125K	$286K	5x