Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.009%

Price spread now: GMX against Binance−0.019%7-day average −0.058% · you buy dearer than you sell

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.019%, 7d avg −0.058%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.444	0.0100	pay 0.0050% / 4h	1m 14s	$33.5M	$111.4M	25x
Short	GMX VVV/USD [ETH-USDC]	31.438	L +0.0442% / S −0.0215%	get 0.0027% / 1h	1m 14s	$505K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $24.09
Price spread: −0.019% → −0.058%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.03
Costs to cover: 0.220%
Break-even: 5.2 days

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.16 bp	8.9 bp −$9	40.9 bp −$409	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
RISEx VVV/USDC	−0.0337%	1h	31.408	−0.115%	$389K	$666K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.592	+0.471%	$188K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.438	−0.019%	$93K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.446	+0.006%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.443	−0.002%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.376%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0080%	4h	31.429	−0.048%	$11.8M	$5.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.399	−0.143%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.403	−0.130%	$462K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.414	−0.097%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.432	−0.037%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.478	+0.108%	$70.3M	$44.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.447	+0.010%	$249K	$548K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.423	−0.066%	$185K	$122K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.444	long leg	$33.5M	$111.4M	25x
Bybit VVVUSDT	+0.0100%	4h	31.415	−0.092%	$38.3M	$39.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.440	−0.013%	$4.8M	$27.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.450	+0.019%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.407	−0.118%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.426	−0.057%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.466	+0.070%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.466	+0.071%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.438	−0.019%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.411	−0.105%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.456	+0.038%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.443	−0.004%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.445	+0.003%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	31.458	+0.045%	$78K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.419	−0.080%	$1.3M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	31.435	−0.029%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.454	+0.032%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0442% / S −0.0215%	1h	31.438	−0.019%	$505K	—	100x
Backpack VVV_USDC_PERP	+0.0513%	1h	31.437	−0.022%	$160K	$270K	5x	as long as short