Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.063%

Price spread now: edgeX against GMX+0.006%7-day average +0.071% · you sell dearer than you buy

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

Long on GMX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.006%, 7d avg +0.071%

Together, before fees−0.524%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.064% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.071%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.196	L +0.0186% / S +0.0168%	pay 0.0023% / 1h	8m 53s	$619K	—	100x
Short	edgeX VVVUSDC	32.198	0.0119	get 0.0059% / 4h	1h 08m	$80K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GMX. 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 GMXbpFee edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$14.04
Price spread: +0.006% → +0.071%: −$6.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$41.45
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 9 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 GMX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 9 min ago	0.78 bp	43.0 bp −$43	doesn't fit	doesn't fit	doesn't fit

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
Kalshi KXVVVPERP	0.0000%	8h	32.221	+0.078%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.194	−0.007%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.199	+0.009%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.938%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0050%	4h	32.211	+0.047%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.208	+0.036%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.177	−0.059%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.243	+0.146%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.182	−0.042%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.200	+0.013%	$265K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.190	−0.018%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.197	+0.004%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.186	−0.032%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.193	−0.009%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.179	−0.052%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.198	+0.007%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.193	−0.009%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.181	−0.046%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.191	−0.015%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.029%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.182	−0.043%	$141K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.196	−0.001%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.194	−0.006%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.191	−0.015%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.186	−0.030%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.188	−0.025%	$6K	$13K	3x	as long as short
edgeX VVVUSDCshort	+0.0119%	4h	32.198	+0.006%	$80K	$332K	10x
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.218	+0.070%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.189	−0.021%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0186% / S +0.0168%	1h	32.196	long leg	$619K	—	100x
Backpack VVV_USDC_PERP	+0.0218%	1h	32.216	+0.063%	$122K	$365K	5x	as long as short
Hyperliquid VVV	+0.0248%	1h	32.220	+0.075%	$74.8M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	32.199	+0.010%	$12K	$3K	3x	as long as short