Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against edgeX−0.183%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1101.101% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now −0.183%, 7d avg +0.019%

Together, before fees+0.473%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$47 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 0.202% cheaper against edgeX than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	30.831	0.0110	pay 0.0055% / 4h	3h 53m	$77K	$333K	10x
Short	Hyperliquid VVV	30.775	0.0100	get 0.0013% / 1h	53m 00s	$70.1M	$48.5M	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 −0.183%Rate

Funding earned: −$2.13
Price spread: −0.183% → +0.019%: −$20.2
Slippage, 4 orders: −$92.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$132.43
Costs to cover: 1.101%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; Hyperliquid: live order book, 11 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, 65 min ago	0.81 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 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	−0.0417%	1h	30.736	−0.309%	$377K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0124%	1h	30.742	−0.290%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.003%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.792	−0.128%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.761	−0.229%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.770	−0.199%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.450%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0089%	4h	30.783	−0.157%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.769	−0.202%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.780	−0.167%	$450K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.759	−0.234%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.765	−0.214%	$141K	$873K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	30.775	−0.183%	$70.1M	$48.5M	3x
Aster VVVUSDT	+0.0100%	4h	30.774	−0.188%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.787	−0.145%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.768	−0.205%	$33.0M	$127.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.751	−0.261%	$38.2M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.780	−0.167%	$4.8M	$32.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.770	−0.199%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.780	−0.167%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.779	−0.170%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.771	−0.196%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.778	−0.173%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.745	−0.281%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.759	−0.235%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.769	−0.202%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.769	−0.204%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.769	−0.202%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0110%	4h	30.831	long leg	$77K	$333K	10x
01 Exchange VVVUSD	+0.0120%	1h	30.763	−0.222%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.844	+0.041%	$32K	$257K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0313%	1h	30.800	−0.102%	$122K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.762	−0.224%	$539K	—	100x	as long as short