Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0344%/8h= −37.6% APRpaid last 24h −0.086%

Price spread now: Binance against GMX+0.102%7-day average +0.058% · you sell dearer than you buy

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.343%−$34 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.102%, 7d avg +0.058%

Together, before fees−0.487%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.044% dearer against GMX than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.058%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	31.475	L +0.0444% / S −0.0217%	pay 0.0055% / 1h	39m 05s	$506K	—	100x
Short	Binance VVVUSDT	31.507	0.0100	get 0.0050% / 4h	3h 39m	$33.6M	$106.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.102%Rate

Funding earned: −$72.2
Price spread: +0.102% → +0.058%: $4.43
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.77
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	0.16 bp	12.5 bp −$13	37.4 bp −$374	doesn't fit	doesn't fit

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	−0.0349%	1h	31.459	−0.049%	$386K	$683K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.494	+0.061%	$98K	$5.2M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.483	+0.025%	$88K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+1.006%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.479	+0.012%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.274%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0086%	4h	31.497	+0.070%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.478	+0.011%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.480	+0.016%	$464K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.470	−0.016%	$3K	$51	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	31.480	+0.018%	$188K	$975K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.491	+0.051%	$249K	$498K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.482	+0.023%	$185K	$118K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.507	+0.102%	$33.6M	$106.9M	25x
Bybit VVVUSDT	+0.0100%	4h	31.475	+0.001%	$38.4M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.487	+0.039%	$4.8M	$26.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.467	−0.025%	$11.9M	$4.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.492	+0.055%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.466	−0.028%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.465	−0.031%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.482	+0.023%	—	$4.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.453	−0.068%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.474	−0.003%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.474	−0.004%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.501	+0.083%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.486	+0.035%	$294K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.468	−0.021%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.502	+0.085%	$78K	$329K	10x	as long as short
Hyperliquid VVV	+0.0108%	1h	31.524	+0.156%	$70.2M	$42.7M	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.608	+0.423%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0392%	1h	31.478	+0.010%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0444% / S −0.0217%	1h	31.475	long leg	$506K	—	100x
Backpack VVV_USDC_PERP	+0.0849%	1h	31.523	+0.153%	$169K	$263K	5x	as long as short