Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.041%

Price spread now: GMX against BloFin−0.364%7-day average −0.069% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.364%, 7d avg −0.069%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.295% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	30.704	0.0109	pay 0.0054% / 4h	46m 38s	$1.3M	$1.6M	25x
Short	GMX VVV/USD [ETH-USDC]	30.592	L +0.0173% / S +0.0127%	pay 0.0016% / 1h	46m 38s	$551K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.364%Rate

Funding earned: −$49.56
Price spread: −0.364% → −0.069%: −$29.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$103.06
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago	0.16 bp	14.7 bp −$15	31.9 bp −$319	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	−0.0299%	1h	30.617	−0.283%	$375K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0118%	1h	30.537	−0.544%	$128K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.638	−0.214%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.599	−0.341%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.568	−0.443%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0020%	4h	30.637	−0.218%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.892%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.500	−0.664%	$147K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.640	−0.210%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.654	−0.163%	$448K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.646	−0.188%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.567	−0.445%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.623	−0.264%	$69.8M	$50.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.579	−0.407%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.655	−0.160%	$181K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.652	−0.168%	$32.6M	$133.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.648	−0.183%	$38.1M	$44.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.658	−0.150%	$4.7M	$34.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.651	−0.173%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.622	−0.267%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.643	−0.199%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.661	−0.140%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.687	−0.057%	$1.9M	$279K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.625	−0.257%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.688	−0.052%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.638	−0.216%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.599	−0.341%	$6K	—	3x	as long as short
BloFin VVV-USDTlong	+0.0109%	4h	30.704	long leg	$1.3M	$1.6M	25x
edgeX VVVUSDC	+0.0116%	4h	30.578	−0.411%	$76K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0161%	8h	30.574	−0.423%	$104K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0173% / S +0.0127%	1h	30.592	−0.364%	$551K	—	100x
Phoenix VVV	+0.0182%	1h	30.679	−0.081%	$34K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0251%	1h	30.676	−0.092%	$119K	$258K	5x	as long as short