Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.004%

Price spread now: Extended against edgeX−0.213%93s7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as 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−$1321.319% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now −0.213%, 7d avg −0.065%

Together, before fees−0.215%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.149% cheaper against edgeX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.065%. The two prices were read 93 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	31.669	0.0110	pay 0.0055% / 4h	2h 45m	$79K	$335K	10x
Short	Extended VVV-USD	31.601	0.0104	get 0.0013% / 1h	45m 53s	$299K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$1.19
Price spread: −0.213% → −0.065%: −$14.86
Slippage, 4 orders: −$117.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$147.91
Costs to cover: 1.319%
Break-even: never at this rate

Slippage from edgeX: live order book, 22 min ago; Extended: 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 edgeX live order book, 22 min ago	1.41 bp	74.7 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.04 bp	22.5 bp −$23	197.8 bp −$1,978	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
Bybit VVVUSDT	−0.0196%	4h	31.600	−0.217%	$38.6M	$51.8M	20x	as long as short
Polymarket Perps VVV-USD	−0.0135%	1h	31.667	−0.006%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.644	−0.078%	$388K	$617K	5x	as long as short
Gate VVV_USDT	−0.0098%	4h	31.587	−0.259%	$10.6M	$7.0M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.655	−0.044%	$119K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.638	−0.098%	$52K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.581	−0.279%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.671	+0.006%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.662	−0.022%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.635%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0053%	4h	31.666	−0.009%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0064%	1h	31.588	−0.257%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.604	−0.205%	$467K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.675	+0.018%	$3K	$106	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.682	+0.043%	$125K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.602	−0.211%	$72.9M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.621	−0.150%	$256K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.680	+0.034%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.618	−0.162%	$33.4M	$153.7M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.593	−0.240%	$4.7M	$40.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.615	−0.170%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.604	−0.205%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.612	−0.180%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.614	−0.174%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.641	−0.090%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.617	−0.163%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.647	−0.069%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USDshort	+0.0104%	1h	31.601	−0.213%	$299K	$2.0M	5x
Aevo VVV-PERP	+0.0104%	1h	31.619	−0.156%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0110%	4h	31.669	long leg	$79K	$335K	10x
Backpack VVV_USDC_PERP	+0.0177%	1h	31.645	−0.074%	$123K	$329K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.653	−0.050%	$572K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.547	−0.386%	$241K	$1.2M	25x	as long as short