VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.120%

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

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

Long on Hyperliquid Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.111% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.684	0.0100	pay 0.0013% / 1h	25m 46s	$73.0M	$53.8M	3x
Short	Deribit VVV_USDC-PERPETUAL	31.719	0	get 0.0000% / 1h	25m 46s	$88K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$21
Price spread: +0.111% → 0.000%: $11.08
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.92
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Deribit: no order-book sample. 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, 8 min ago	1.10 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 32 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	−0.0111%	1h	31.695	+0.035%	$398K	$621K	5x	as long as short
Gate VVV_USDT	−0.0046%	4h	31.666	−0.057%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0019%	1h	31.705	+0.066%	$146K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.738	+0.170%	$119K	$6.3M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.929	+0.773%	$49K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.719	+0.111%	$88K	$24K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.730	+0.147%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.585%	$2K	$1K	5.5x	as long as short
Bybit VVVUSDT	+0.0070%	4h	31.645	−0.122%	$38.8M	$50.6M	20x	as long as short
Lighter VVV	+0.0096%	1h	31.730	+0.145%	$2.1M	$5.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.720	+0.114%	$468K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.665	−0.059%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.706	+0.071%	$131K	$847K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.684	long leg	$73.0M	$53.8M	3x
Aster VVVUSDT	+0.0100%	4h	31.720	+0.115%	$257K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.768	+0.264%	$190K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.669	−0.048%	$33.7M	$149.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.661	−0.073%	$4.7M	$39.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.681	−0.009%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.706	+0.069%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.658	−0.082%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.675	−0.028%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.714	+0.096%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.712	+0.088%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.731	+0.148%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.669	−0.047%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.741	+0.179%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.713	+0.092%	$11K	$3K	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.841	+0.496%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.720	+0.115%	$574K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.885	+0.633%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0309%	1h	31.710	+0.084%	$123K	$317K	5x	as long as short