Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.080%

Price spread now: edgeX against Hyperliquid+0.434%86s7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as 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−$1101.103% of the position

Long on Hyperliquid Short on edgeX

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)−0.454%−$45 · spread now +0.434%, 7d avg −0.035%

Together, before fees−0.588%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.469% dearer against Hyperliquid than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour. The two prices were read 86 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	31.588	0.0100	pay 0.0013% / 1h	56m 00s	$72.9M	$55.5M	3x
Short	edgeX VVVUSDC	31.725	0.0118	get 0.0059% / 4h	2h 56m	$79K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.434%Rate

Funding earned: $3.85
Price spread: +0.434% → −0.035%: $46.86
Slippage, 4 orders: −$92.26
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.55
Costs to cover: 1.103%
Break-even: 115.4 days

Slippage from Hyperliquid: live order book, 8 min ago; edgeX: live order book, 12 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 Hyperliquid live order book, 8 min ago	1.57 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	1.41 bp	14.4 bp −$14	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	−0.0255%	1h	31.526	−0.196%	$149K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0240%	4h	31.576	−0.036%	$38.5M	$51.7M	20x	as long as short
Gate VVV_USDT	−0.0174%	4h	31.580	−0.025%	$10.6M	$7.0M	25x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.505	−0.263%	$387K	$611K	5x	as long as short
Lighter VVV	−0.0064%	1h	31.569	−0.061%	$2.1M	$5.6M	5x	as long as short
01 Exchange VVVUSD	−0.0032%	1h	31.522	−0.209%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.524	−0.203%	$116K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.540	−0.152%	$55K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.571	−0.054%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.552	−0.112%	$19K	—	150x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.900%	$2K	$1K	5.5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.560	−0.089%	$466K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.485	−0.325%	$3K	$106	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.543	−0.142%	$124K	$850K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.588	long leg	$72.9M	$55.5M	3x
Aster VVVUSDT	+0.0100%	4h	31.530	−0.183%	$257K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.523	−0.206%	$188K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.577	−0.035%	$33.3M	$153.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.567	−0.066%	$4.6M	$40.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.592	+0.013%	$6.4M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.556	−0.101%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.582	−0.019%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.595	+0.022%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.606	+0.057%	$122K	$328K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.521	−0.212%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.548	−0.128%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.584	−0.013%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.582	−0.020%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.553	−0.112%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0118%	4h	31.725	+0.434%	$79K	$333K	10x
BloFin VVV-USDT	+0.0152%	4h	31.430	−0.500%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.547	−0.130%	$571K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.695	+0.340%	$243K	$1.2M	25x	as long as short