Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h −0.013%

Price spread now: GMX against edgeX+0.135%70s7-day average −0.066% · you sell dearer than you buy

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now +0.135%, 7d avg −0.066%

Together, before fees+0.120%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.201% dearer against edgeX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.066%. The two prices were read 70 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	edgeX VVVUSDC	31.493	0.0101	pay 0.0051% / 4h	2h 32m	$78K	$331K	10x
Short	GMX VVV/USD [ETH-USDC]	31.535	L +0.0444% / S −0.0195%	get 0.0024% / 1h	32m 01s	$539K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $19.58
Price spread: +0.135% → −0.066%: $20.13
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.72
Costs to cover: 0.210%
Break-even: 0.3 days

Slippage unknown: edgeX: live order book, 56 min ago; GMX: 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 edgeX live order book, 56 min ago	1.11 bp	101.3 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
Deribit VVV_USDC-PERPETUAL	−0.0042%	1h	31.512	+0.062%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.550	+0.182%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.552	+0.189%	$117K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.535	+0.135%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.215%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0041%	1h	31.518	+0.081%	$135K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0043%	4h	31.507	+0.046%	$1.3M	$1.7M	25x	as long as short
Phoenix VVV	+0.0077%	1h	31.509	+0.052%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.538	+0.145%	$387K	$571K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.512	+0.062%	$2.2M	$5.4M	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	31.488	−0.014%	$467K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.535	+0.135%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.521	+0.090%	$71.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.509	+0.052%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.547	+0.174%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.525	+0.103%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.512	+0.062%	$38.8M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.524	+0.100%	$4.7M	$41.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.488	−0.014%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.523	+0.097%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.519	+0.084%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.502	+0.030%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.493	+0.001%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.438	−0.172%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.523	+0.097%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.483	−0.030%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.545	+0.168%	$3K	$106	5x	as long as short
edgeX VVVUSDClong	+0.0101%	4h	31.493	long leg	$78K	$331K	10x
Extended VVV-USD	+0.0104%	1h	31.517	+0.078%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.523	+0.098%	$6K	$13K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0209%	1h	31.524	+0.100%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.575	+0.261%	$193K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0444% / S −0.0195%	1h	31.535	+0.135%	$539K	—	100x