Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.058%

Price spread now: edgeX against GMX+0.017%50s7-day average +0.083% · you sell dearer than you buy

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

Long on GMX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.325%−$32 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.017%, 7d avg +0.083%

Together, before fees−0.434%+ Points / potential airdropedgeX: Active · farm board−$43 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 edgeX is 0.066% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.083%). Swap the legs. The two prices were read 50 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	GMX VVV/USD [ETH-USDC]	31.373	L +0.0427% / S −0.0200%	pay 0.0053% / 1h	47m 39s	$502K	—	100x
Short	edgeX VVVUSDC	31.378	0.0111	get 0.0056% / 4h	1h 47m	$78K	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GMX. 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 GMXbpFee edgeXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$66.33
Price spread: +0.017% → +0.083%: −$6.57
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$93.9
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 61 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 61 min ago	1.47 bp	72.2 bp −$72	doesn't fit	doesn't fit	doesn't fit

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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.384	+0.037%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.370	−0.010%	$385K	$649K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.381	+0.026%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.374	+0.003%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.382	+0.029%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.613%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.360	−0.040%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.376	+0.010%	$461K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.380	+0.023%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.358	−0.046%	$163K	$897K	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	31.423	+0.160%	$70.6M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.394	+0.069%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.398	+0.080%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.399	+0.083%	$33.9M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.376	+0.010%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.405	+0.103%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.378	+0.016%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.402	+0.093%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.385	+0.039%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.381	+0.026%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.403	+0.096%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.407	+0.110%	$2.0M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.361	−0.038%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.370	−0.009%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.370	−0.009%	$2.0M	$2.1M	50x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	31.385	+0.039%	$86K	$5.6M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	31.382	+0.029%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.390	+0.054%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	31.332	−0.130%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDCshort	+0.0111%	4h	31.378	+0.017%	$78K	$333K	10x
Phoenix VVV	+0.0307%	1h	31.250	−0.392%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0427% / S −0.0200%	1h	31.373	long leg	$502K	—	100x
Backpack VVV_USDC_PERP	+0.0486%	1h	31.418	+0.144%	$150K	$265K	5x	as long as short