Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.063%

Price spread now: BloFin against Hyperliquid−0.013%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.013%, 7d avg −0.029%

Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	30.727	0.0100	pay 0.0013% / 1h	43m 23s	$70.1M	$50.4M	3x
Short	BloFin VVV-USDT	30.723	0.0133	get 0.0066% / 4h	43m 23s	$1.3M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $6.9
Price spread: −0.013% → −0.029%: $1.6
Slippage, 4 orders: −$32.94
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.44
Costs to cover: 0.539%
Break-even: 53.1 days

Slippage from Hyperliquid: live order book, 10 min ago; BloFin: live order book, 4 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 Hyperliquid live order book, 10 min ago	0.81 bp	13.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.16 bp	14.1 bp −$14	37.0 bp −$370	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	−0.0299%	1h	30.721	−0.020%	$377K	$634K	5x	as long as short
Polymarket Perps VVV-USD	−0.0089%	1h	30.722	−0.016%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.718	−0.029%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.732	+0.015%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0030%	4h	30.728	+0.003%	$10.3M	$5.9M	25x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.752	+0.081%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.812%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.533	−0.630%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.714	−0.041%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.787	+0.195%	$450K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.752	+0.082%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.728	+0.005%	$111K	$858K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	30.727	long leg	$70.1M	$50.4M	3x
Aster VVVUSDT	+0.0100%	4h	30.767	+0.130%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.786	+0.193%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.733	+0.020%	$32.7M	$132.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.729	+0.007%	$38.2M	$44.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.744	+0.055%	$4.8M	$34.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.744	+0.055%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.752	+0.081%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.707	−0.065%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.728	+0.003%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.373%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.719	−0.025%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.738	+0.036%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.721	−0.021%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.779	+0.171%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	30.603	−0.405%	$76K	$335K	10x	as long as short
BloFin VVV-USDTshort	+0.0133%	4h	30.723	−0.013%	$1.3M	$1.6M	25x
Kalshi KXVVVPERP	+0.0160%	8h	30.766	+0.127%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.720	−0.024%	$554K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.622	−0.342%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0266%	1h	30.786	+0.192%	$120K	$258K	5x	as long as short