Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.056%

Price spread now: BingX against GMX+0.063%7-day average +0.043% · you sell dearer than you buy

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

Long on GMX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.328%−$33 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now +0.063%, 7d avg +0.043%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	30.558	L +0.0426% / S −0.0176%	pay 0.0053% / 1h	38m 21s	$533K	—	100x
Short	BingX VVV-USDT	30.577	0.0100	get 0.0050% / 4h	2h 38m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$68.52
Price spread: +0.063% → +0.043%: $1.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$88.53
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago	0.16 bp	10.9 bp −$11	29.2 bp −$292	190.3 bp −$19.0K	668.5 bp −$334.3K

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	−0.0329%	1h	30.523	−0.113%	$379K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	+0.236%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.567	+0.030%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.403%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0044%	4h	30.633	+0.246%	$1.3M	$1.5M	25x	as long as short
Polymarket Perps VVV-USD	+0.0059%	1h	30.545	−0.042%	$117K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.543	−0.049%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.576	+0.060%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.566	+0.027%	$445K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.550	−0.025%	$3K	$73	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	30.549	−0.027%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.571	+0.043%	$68.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.580	+0.073%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.587	+0.094%	$180K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.569	+0.036%	$32.9M	$122.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.555	−0.010%	$37.9M	$41.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.564	+0.020%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.536	−0.071%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.578	+0.066%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.566	+0.027%	$1.8M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.552	−0.019%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	30.577	+0.063%	—	$4.9M	—
Variational Omni VVV	+0.0100%	4h	30.591	+0.109%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.612	+0.176%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.581	+0.076%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.549	−0.030%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.645	+0.284%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	30.663	+0.343%	$76K	$331K	10x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0116%	1h	30.636	+0.256%	$85K	$22K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.638	+0.262%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0212%	8h	30.608	+0.164%	$94K	$5.4M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0393%	1h	30.615	+0.186%	$120K	$240K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0426% / S −0.0176%	1h	30.558	long leg	$533K	—	100x