Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.022%

Price spread now: GMX against BingX−0.060%7-day average −0.042% · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now −0.060%, 7d avg −0.042%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	30.618	0.0100	pay 0.0050% / 4h	3h 12m	—	$4.9M	—
Short	GMX VVV/USD [ETH-USDC]	30.600	L +0.0426% / S −0.0176%	get 0.0022% / 1h	12m 13s	$534K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $15.89
Price spread: −0.060% → −0.042%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7.86
Costs to cover: 0.220%
Break-even: 10.5 days

Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago	0.16 bp	11.9 bp −$12	28.2 bp −$282	316.0 bp −$31.6K	719.4 bp −$359.7K
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	−0.0417%	1h	30.614	−0.013%	$375K	$644K	5x	as long as short
Polymarket Perps VVV-USD	−0.0109%	1h	30.591	−0.088%	$121K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.079%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.613	−0.016%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.617	−0.004%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.192%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.617	−0.003%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.623	+0.016%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.636	+0.059%	$447K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.625	+0.024%	$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	30.622	+0.015%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.628	+0.033%	$69.0M	$48.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.656	+0.123%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.651	+0.108%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.628	+0.034%	$33.0M	$125.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.609	−0.029%	$38.0M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.609	−0.029%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.610	−0.026%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.625	+0.023%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.632	+0.046%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.605	−0.042%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	30.618	long leg	—	$4.9M	—
Variational Omni VVV	+0.0100%	4h	30.564	−0.176%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.612	−0.018%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.626	+0.026%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.612	−0.019%	$297K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.623	+0.015%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	30.668	+0.164%	$76K	$334K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.651	+0.108%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0151%	4h	30.705	+0.284%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0265%	8h	30.663	+0.147%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0301%	1h	30.706	+0.289%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0426% / S −0.0176%	1h	30.600	−0.060%	$534K	—	100x