VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0309%/8h= −33.9% APRnext payment −$0.39 per $10,000 · paid last 24h +0.024%

Price spread now: GMX against Coinbase International+0.445%7-day average −0.050% · you sell dearer than you buy

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.445%, 7d avg −0.050%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.495% dearer against Coinbase International than usual: you sell high and buy low (spread +0.445% now, against its 7-day average of −0.050%): +$50 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5.3 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.030% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.444	0.0144	pay 0.0018% / 1h	37m 06s	$196K	$1.1M	25x
Short	GMX VVV/USD [ETH-USDC]	32.588	L +0.0189% / S +0.0165%	pay 0.0021% / 1h	37m 06s	$627K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.445%Rate

Funding earned: −$64.92
Price spread: +0.445% → −0.050%: $49.5
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$37.42
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 1 min ago	14.38 bp	20.2 bp −$20	26.9 bp −$269	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	−0.0066%	1h	32.589	+0.447%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.595	+0.465%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.159%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.610	+0.513%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.591	+0.453%	$485K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.535	+0.280%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.516	+0.220%	$150K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.585	+0.435%	$272K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.528	+0.259%	$187K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.604	+0.494%	$34.2M	$156.4M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.592	+0.456%	$40.1M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.613	+0.521%	$4.8M	$43.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.575	+0.404%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.596	+0.468%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.553	+0.336%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.591	+0.453%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.609	+0.509%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.678	+0.720%	$2.2M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.521	+0.237%	$131K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.583	+0.429%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.580	+0.419%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.535	+0.279%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0100%	8h	32.527	+0.256%	$106K	$6.8M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.562	+0.363%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.587	+0.442%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.678	+0.720%	$81K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	32.608	+0.505%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0144%	1h	32.444	long leg	$196K	$1.1M	25x
RISEx VVV/USDC	+0.0175%	1h	32.527	+0.257%	$399K	$596K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0189% / S +0.0165%	1h	32.588	+0.445%	$627K	—	100x
Backpack VVV_USDC_PERP	+0.0278%	1h	32.641	+0.607%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0496%	1h	32.562	+0.364%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0671%	1h	32.633	+0.583%	$76.2M	$55.5M	3x	as long as short