Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.080%

Price spread now: Hyperliquid against edgeX−0.327%46s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$930.932% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.347%+$35 · spread now −0.327%, 7d avg +0.035%

Together, before fees+0.481%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Hyperliquid is 0.362% cheaper against edgeX than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you. The two prices were read 46 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	32.081	0.0110	pay 0.0055% / 4h	3h 20m	$80K	$334K	10x
Short	Hyperliquid VVV	31.976	0.0100	get 0.0013% / 1h	20m 39s	$74.3M	$55.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.327%Rate

Funding earned: −$2.05
Price spread: −0.327% → +0.035%: −$36.17
Slippage, 4 orders: −$75.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$131.4
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from edgeX: live order book, 53 min ago; Hyperliquid: live order book, 3 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 edgeX live order book, 53 min ago	0.79 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.93 bp	9.5 bp −$9	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
Polymarket Perps VVV-USD	−0.0257%	1h	31.995	−0.267%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.952	−0.401%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.948	−0.415%	$393K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.023	−0.180%	$110K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.193	+0.350%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.040	−0.127%	$91K	$23K	10x	as long as short
Gate VVV_USDT	+0.0002%	4h	31.943	−0.430%	$10.7M	$7.4M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.050	−0.094%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.304%	$2K	$1K	5.5x	as long as short
Bybit VVVUSDT	+0.0081%	4h	31.936	−0.451%	$39.2M	$51.5M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.947	−0.417%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.953	−0.398%	$473K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.025	−0.175%	$126K	$850K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	31.976	−0.327%	$74.3M	$55.0M	3x
Aster VVVUSDT	+0.0100%	4h	32.029	−0.163%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.982	−0.307%	$191K	$187K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.964	−0.365%	$33.6M	$154.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.953	−0.398%	$4.7M	$41.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.967	−0.355%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.944	−0.426%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.942	−0.433%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.947	−0.417%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.032	−0.154%	$123K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.026	−0.170%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.032	−0.153%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.013	−0.211%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.941	−0.436%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.945	−0.423%	$306K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.093	+0.037%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0110%	4h	32.081	long leg	$80K	$334K	10x
BloFin VVV-USDT	+0.0129%	4h	32.045	−0.112%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	32.043	−0.117%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.090	+0.030%	$247K	$1.3M	25x	as long as short