Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0287%/8h= −31.4% APRpaid last 24h −0.017%

Price spread now: GMX against edgeX−0.148%50s7-day average −0.071% · you buy dearer than you sell

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 3 days (all we have)+0.357%+$36 · spread now −0.148%, 7d avg −0.071%

Together, before fees+0.391%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.077% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.071%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.033% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	32.198	0.0119	pay 0.0059% / 4h	1h 07m	$80K	$332K	10x
Short	GMX VVV/USD [ETH-USDC]	32.150	L +0.0185% / S +0.0168%	pay 0.0021% / 1h	7m 33s	$618K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$60.26
Price spread: −0.148% → −0.071%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$88.96
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 11 min ago; GMX: 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, 11 min ago	0.78 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Deribit VVV_USDC-PERPETUAL	−0.0033%	1h	32.128	−0.217%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.152	−0.144%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.932%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0050%	4h	32.211	+0.040%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.185	−0.040%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.144	−0.168%	$478K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.243	+0.140%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.159	−0.119%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.169	−0.090%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.181	−0.051%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.176	−0.068%	$33.7M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.181	−0.052%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.186	−0.037%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.171	−0.084%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.165	−0.102%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.150	−0.149%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.157	−0.127%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.168	−0.093%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.187	−0.035%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.131	−0.208%	$145K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.141	−0.178%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.137	−0.189%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.171	−0.083%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0101%	8h	32.188	−0.031%	$107K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.159	−0.121%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.147	−0.158%	$6K	$13K	3x	as long as short
edgeX VVVUSDClong	+0.0119%	4h	32.198	long leg	$80K	$332K	10x
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.218	+0.064%	$238K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.165	−0.101%	$395K	$606K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0185% / S +0.0168%	1h	32.150	−0.148%	$618K	—	100x
Backpack VVV_USDC_PERP	+0.0219%	1h	32.167	−0.096%	$121K	$365K	5x	as long as short
Hyperliquid VVV	+0.0237%	1h	32.179	−0.059%	$74.7M	$55.8M	3x	as long as short
01 Exchange VVVUSD	+0.0296%	1h	32.168	−0.093%	$11K	$3K	3x	as long as short