Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.070%

Price spread now: edgeX against Hyperliquid+0.206%86s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as 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−$1071.066% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.314%−$31 · spread now +0.206%, 7d avg −0.015%

Together, before fees−0.439%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.221% dearer against Hyperliquid than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.125%, 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	30.712	0.0100	pay 0.0013% / 1h	49m 58s	$70.0M	$48.6M	3x
Short	edgeX VVVUSDC	30.775	0.0116	get 0.0058% / 4h	3h 49m	$76K	$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 +0.206%Rate

Funding earned: $3.29
Price spread: +0.206% → −0.015%: $22.1
Slippage, 4 orders: −$88.56
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$81.17
Costs to cover: 1.066%
Break-even: 179.8 days

Slippage from Hyperliquid: live order book, 4 min ago; edgeX: 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 Hyperliquid live order book, 4 min ago	0.32 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	0.81 bp	39.4 bp −$39	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	30.651	−0.198%	$376K	$643K	5x	as long as short
Polymarket Perps VVV-USD	−0.0129%	1h	30.662	−0.161%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.394%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.699	−0.041%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.683	−0.094%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.694	−0.059%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.866%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	30.708	−0.010%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.723	+0.037%	$449K	$1.6M	5x	as long as short
Gate VVV_USDT	+0.0098%	4h	30.692	−0.063%	$10.3M	$5.8M	25x	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	30.655	−0.184%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.673	−0.125%	$141K	$873K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	30.712	long leg	$70.0M	$48.6M	3x
Aster VVVUSDT	+0.0100%	4h	30.719	+0.024%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.692	−0.064%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.713	+0.005%	$32.9M	$127.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.704	−0.025%	$38.2M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.713	+0.005%	$4.8M	$32.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.727	+0.050%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.717	+0.018%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.693	−0.060%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.713	+0.005%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.667	−0.144%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.681	−0.100%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.729	+0.057%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.699	−0.041%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.700	−0.037%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0116%	4h	30.775	+0.206%	$76K	$333K	10x
01 Exchange VVVUSD	+0.0128%	1h	30.693	−0.060%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.789	+0.252%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0153%	4h	30.681	−0.099%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0231%	1h	30.731	+0.063%	$121K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.680	−0.102%	$538K	—	100x	as long as short