Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.001%

Price spread now: GMX against Gate−0.019%7-day average +0.032% · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.120%+$12 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.019%, 7d avg +0.032%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.052% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.120%, 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	Gate VVV_USDT	31.913	−0.0064	get 0.0032% / 4h	2h 30m	$10.7M	$7.1M	25x
Short	GMX VVV/USD [ETH-USDC]	31.907	L +0.0176% / S +0.0122%	pay 0.0015% / 1h	30m 43s	$577K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$12.28
Price spread: −0.019% → +0.032%: −$5.16
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$44.43
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	1.73 bp	22.8 bp −$23	699.7 bp −$6,997	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 32 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	−0.0111%	1h	31.891	−0.068%	$399K	$620K	5x	as long as short
Gate VVV_USDTlong	−0.0064%	4h	31.913	long leg	$10.7M	$7.1M	25x
Bybit VVVUSDT	−0.0045%	4h	31.919	+0.018%	$39.1M	$50.8M	20x	as long as short
Polymarket Perps VVV-USD	−0.0044%	1h	31.900	−0.041%	$147K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.909	−0.013%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.859	−0.169%	$49K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.904	−0.028%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.842%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	31.921	+0.025%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.900	−0.040%	$2.2M	$5.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.905	−0.025%	$471K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.897	−0.050%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.918	+0.016%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.950	+0.116%	$73.7M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.935	+0.069%	$259K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.918	+0.016%	$191K	$177K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.935	+0.069%	$33.9M	$150.0M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.921	+0.025%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.929	+0.050%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.907	−0.019%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.899	−0.044%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.927	+0.044%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	−0.120%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.902	−0.034%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.911	−0.006%	$2.1M	$2.1M	50x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0101%	1h	31.920	+0.023%	$89K	$24K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.938	+0.078%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.933	+0.061%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.831	−0.256%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0176% / S +0.0122%	1h	31.907	−0.019%	$577K	—	100x
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.955	+0.133%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0289%	1h	31.959	+0.143%	$123K	$318K	5x	as long as short