Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.101%

Price spread now: Hyperliquid against Variational Omni−0.305%7-day average +0.102% · you buy dearer than you sell

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.206%+$21 on $10k

Price spread, last 7 days+0.473%+$47 · spread now −0.305%, 7d avg +0.102%

Together, before fees+0.679%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$68 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 0.408% cheaper against Variational Omni than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	30.997	0.0100	pay 0.0050% / 4h	0m 04s	$1.9M	$284K	—
Short	Hyperliquid VVV	30.902	0.0100	get 0.0013% / 1h	0m 04s	$70.5M	$48.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now −0.305%Rate

Funding earned: $0
Price spread: −0.305% → +0.102%: −$40.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.75
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 4 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 Variational Omni RFQ quote, 4 min ago	2.88 bp	doesn't fit	42.7 bp −$427	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.93 bp	15.6 bp −$16	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	−0.0299%	1h	30.942	−0.175%	$382K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0070%	1h	30.949	−0.153%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.891	−0.341%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.896	−0.324%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0032%	4h	30.896	−0.324%	$10.4M	$6.0M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.883%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.881	−0.372%	$145K	$1.2M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.975	−0.070%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0092%	4h	30.959	−0.121%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.884	−0.364%	$2.1M	$5.3M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.900	−0.312%	$452K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.938	−0.190%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.962	−0.112%	$142K	$873K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	30.902	−0.305%	$70.5M	$48.8M	3x
Aster VVVUSDT	+0.0100%	4h	30.918	−0.253%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.978	−0.061%	$183K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.922	−0.241%	$33.1M	$128.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.905	−0.295%	$38.4M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.948	−0.157%	$4.8M	$32.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.903	−0.302%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.936	−0.195%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.920	−0.247%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.907	−0.289%	—	$5.0M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	30.997	long leg	$1.9M	$284K	—
Derive VVV-PERP	+0.0100%	1h	30.882	−0.370%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.918	−0.253%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.021	+0.080%	$77K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.904	−0.299%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.934	−0.202%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0139%	8h	30.923	−0.237%	$106K	$5.6M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0160%	1h	30.908	−0.286%	$122K	$249K	5x	as long as short
Phoenix VVV	+0.0182%	1h	31.038	+0.134%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.899	−0.316%	$542K	—	100x	as long as short