Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.064%

Price spread now: edgeX against Hyperliquid−0.292%106s7-day average −0.015% · you buy dearer than you sell

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

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)+0.190%+$19 · spread now −0.292%, 7d avg −0.015%

Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$7 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: edgeX is 0.276% cheaper against Hyperliquid than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 106 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	31.069	0.0100	pay 0.0013% / 1h	15m 44s	$70.0M	$47.9M	3x
Short	edgeX VVVUSDC	30.978	0.0103	get 0.0052% / 4h	2h 15m	$77K	$332K	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 −0.292%Rate

Funding earned: $0.66
Price spread: −0.292% → −0.015%: −$27.61
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$44.95
Costs to cover: 0.180%
Break-even: 487.2 days

Slippage unknown: Hyperliquid: live order book, 8 min ago; edgeX: live order book, 33 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 Hyperliquid live order book, 8 min ago	0.65 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	1.47 bp	72.2 bp −$72	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	−0.0329%	1h	30.994	−0.241%	$394K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−1.414%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.011	−0.187%	$86K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.028	−0.131%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.636%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.056	−0.042%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.060	−0.029%	$455K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.024	−0.145%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.017	−0.169%	$163K	$893K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.069	long leg	$70.0M	$47.9M	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.061	−0.025%	$247K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.054	−0.047%	$183K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.064	−0.016%	$33.5M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.045	−0.077%	$38.5M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.066	−0.010%	$4.8M	$30.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.051	−0.058%	$10.9M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.064	−0.016%	$6.5M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.047	−0.071%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.037	−0.103%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.062	−0.023%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.009	−0.192%	$1.9M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.006	−0.203%	$116K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.018	−0.165%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.021	−0.154%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDCshort	+0.0103%	4h	30.978	−0.292%	$77K	$332K	10x
Extended VVV-USD	+0.0104%	1h	31.053	−0.051%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.028	−0.131%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.022	−0.151%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0121%	4h	31.101	+0.103%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0168%	8h	31.042	−0.087%	$83K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.034	−0.113%	$32K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0421% / S −0.0197%	1h	31.019	−0.160%	$496K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0430%	1h	31.066	−0.011%	$116K	$239K	5x	as long as short