VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h −0.050%

Price spread now: Phoenix against Hyperliquid−0.251%81s7-day average −0.015% · you buy dearer than you sell

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

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.251%, 7d avg −0.015%

Together, before fees+0.342%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.236% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of −0.015%). If the spread goes back, that is −$24 on $10k: about 7.3 days of funding at the current rate (+$3 a day). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.044	0.0100	pay 0.0013% / 1h	18m 02s	$69.9M	$47.9M	3x
Short	Phoenix VVV	30.966	0.0209	get 0.0026% / 1h	18m 02s	$32K	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.251%Rate

Funding earned: $22.8
Price spread: −0.251% → −0.015%: −$23.64
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$16.84
Costs to cover: 0.160%
Break-even: 12.2 days

Slippage unknown: Hyperliquid: live order book, 6 min ago; Phoenix: live order book, 27 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, 6 min ago	0.65 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 27 min ago	2.94 bp	19.8 bp −$20	57.5 bp −$575	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	−0.0329%	1h	30.977	−0.215%	$394K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−1.334%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.993	−0.164%	$86K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.998	−0.147%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.721%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	31.043	−0.003%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.978	−0.213%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.016	−0.090%	$454K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.979	−0.210%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.005	−0.124%	$163K	$893K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVlong	+0.0100%	1h	31.044	long leg	$69.9M	$47.9M	3x
Aster VVVUSDT	+0.0100%	4h	31.042	−0.006%	$247K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.016	−0.089%	$183K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.026	−0.059%	$33.5M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.992	−0.167%	$38.4M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.019	−0.081%	$4.8M	$30.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.032	−0.039%	$10.9M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.016	−0.090%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.013	−0.100%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.011	−0.106%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.038	−0.019%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.914	−0.418%	$1.9M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	30.994	−0.161%	$116K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	30.980	−0.206%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.015	−0.093%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	30.978	−0.211%	$77K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.001	−0.140%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.070	+0.085%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.001	−0.139%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0174%	8h	31.006	−0.122%	$99K	$5.5M	1.7x	as long as short
Phoenix VVVshort	+0.0209%	1h	30.966	−0.251%	$32K	$243K	5x
GMX VVV/USD [ETH-USDC]	L +0.0421% / S −0.0197%	1h	30.993	−0.163%	$496K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0429%	1h	31.046	+0.005%	$116K	$239K	5x	as long as short