VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0534%/8h= −58.5% APRnext payment −$0.67 per $10,000 · paid last 24h −0.096%

Price spread now: GMX against Backpack−0.213%7-day average −0.114% · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.337%−$34 on $10k

Price spread, last 3 days (all we have)+0.193%+$19 · spread now −0.213%, 7d avg −0.114%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and GMX is 0.098% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.526	0.0438	pay 0.0055% / 1h	54m 22s	$125K	$374K	5x
Short	GMX VVV/USD [ETH-USDC]	32.457	L +0.0191% / S +0.0097%	pay 0.0012% / 1h	54m 22s	$566K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$112.23
Price spread: −0.213% → −0.114%: −$9.85
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$144.07
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 29 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 Backpack live order book, 29 min ago	3.23 bp	12.9 bp −$13	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	−0.0055%	1h	32.495	−0.096%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.498	−0.087%	$105K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.458	−0.209%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.903%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	32.502	−0.075%	$1.4M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.539	+0.039%	$57K	$294K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.492	−0.107%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.486	−0.124%	$485K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.465	−0.187%	$150K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.476	−0.154%	$275K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.494	−0.098%	$193K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.465	−0.189%	$34.3M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.445	−0.250%	$40.0M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.465	−0.189%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.461	−0.201%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.476	−0.155%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.484	−0.130%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.461	−0.201%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.471	−0.170%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.467	−0.183%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.456	−0.216%	$149K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.488	−0.118%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.496	−0.093%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.490	−0.112%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.470	−0.174%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.511	−0.046%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.506	−0.064%	$81K	$330K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.490	−0.112%	$200K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.472	−0.167%	$398K	$589K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0191% / S +0.0097%	1h	32.457	−0.213%	$566K	—	100x
Backpack VVV_USDC_PERPlong	+0.0438%	1h	32.526	long leg	$125K	$374K	5x
01 Exchange VVVUSD	+0.0576%	1h	32.497	−0.090%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0909%	1h	32.521	−0.017%	$75.6M	$55.1M	3x	as long as short