Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.003%

Price spread now: GMX against Bitget−0.004%7-day average +0.011% · you buy dearer than you sell

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now −0.004%, 7d avg +0.011%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	32.060	0.0100	pay 0.0050% / 4h	3h 40m	$5.8M	$8.9M	20x
Short	GMX VVV/USD [ETH-USDC]	32.059	L +0.0179% / S +0.0120%	pay 0.0015% / 1h	40m 57s	$580K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$46.27
Price spread: −0.004% → +0.011%: −$1.5
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$71.77
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	4.05 bp	18.4 bp −$18	43.1 bp −$431	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
Polymarket Perps VVV-USD	−0.0289%	1h	32.036	−0.075%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	32.053	−0.022%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0043%	1h	32.058	−0.006%	$91K	$23K	10x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.053	−0.021%	$394K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.088	+0.087%	$109K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.084	+0.075%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.075	+0.046%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.371%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0080%	4h	32.078	+0.056%	$10.8M	$7.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.050	−0.030%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.043	−0.053%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.079	+0.061%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.083	+0.072%	$74.3M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.100	+0.125%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.102	+0.132%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.101	+0.128%	$33.7M	$154.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.089	+0.089%	$39.4M	$51.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.100	+0.125%	$4.7M	$41.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.090	+0.094%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.075	+0.047%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	32.060	long leg	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	32.093	+0.103%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.073	+0.042%	$124K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.009%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.062	+0.006%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	+0.050%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.047	−0.042%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.078	+0.055%	$304K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.059	−0.002%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.062	+0.006%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0133%	4h	32.063	+0.009%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0179% / S +0.0120%	1h	32.059	−0.004%	$580K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.106	+0.144%	$247K	$1.3M	25x	as long as short