Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.029%

Price spread now: Derive against edgeX−1.913%74s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Derive is 1.913% cheaper against edgeX than usual: you would sell low and buy high (−$191 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 74 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	31.737	0.0116	pay 0.0058% / 4h	1h 12m	$79K	$335K	10x
Short	Derive VVV-PERP	31.130	0.0100	get 0.0013% / 1h	12m 11s	$3K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −1.913%Rate

Funding earned: −$3.27
Price spread: −1.913% → 0.000%: −$191.26
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$209.54
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 51 min ago; Derive: no order-book sample. 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 edgeX live order book, 51 min ago	0.96 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
RISEx VVV/USDC	−0.0152%	1h	31.118	−1.950%	$382K	$651K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0152%	1h	31.114	−1.962%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.145	−1.866%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0006%	4h	31.112	−1.969%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.412%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0084%	1h	31.130	−1.913%	$130K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	31.118	−1.949%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.120	−1.944%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.131	−1.911%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.137	−1.889%	$145K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.125	−1.928%	$71.5M	$51.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.158	−1.824%	$251K	$1.3M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.165	−1.802%	$186K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.111	−1.972%	$33.0M	$138.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.100	−2.007%	$38.2M	$45.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.092	−2.032%	$4.7M	$36.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.140	−1.881%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.140	−1.881%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.111	−1.972%	$5.7M	$7.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.111	−1.972%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.743	+0.020%	$2.0M	$241K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.130	−1.913%	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.127	−1.922%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.111	−1.971%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.120	−1.945%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0116%	4h	31.737	long leg	$79K	$335K	10x
BloFin VVV-USDT	+0.0136%	4h	31.193	−1.714%	$1.2M	$1.7M	25x	as long as short
01 Exchange VVVUSD	+0.0152%	1h	31.124	−1.931%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0153%	1h	31.247	−1.544%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	−0.257%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0173%	8h	31.164	−1.805%	$99K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.138	−1.888%	$561K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0329%	1h	31.131	−1.908%	$123K	$285K	5x	as long as short