Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.035%

Price spread now: BloFin against GMX+0.087%51s7-day average +0.069% · you sell dearer than you buy

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.087%, 7d avg +0.069%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	30.817	L +0.0427% / S −0.0174%	pay 0.0053% / 1h	25m 30s	$540K	—	100x
Short	BloFin VVV-USDT	30.844	0.0087	get 0.0044% / 4h	25m 30s	$1.3M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$71.41
Price spread: +0.087% → +0.069%: $1.77
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$93.64
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: 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 BloFin live order book, 7 min ago	0.49 bp	13.8 bp −$14	26.3 bp −$263	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	−0.0299%	1h	30.801	−0.053%	$378K	$625K	5x	as long as short
Polymarket Perps VVV-USD	−0.0101%	1h	30.812	−0.017%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.808	−0.028%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.830	+0.041%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.819	+0.006%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.499%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0034%	4h	30.814	−0.010%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	+0.171%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDTshort	+0.0087%	4h	30.844	+0.087%	$1.3M	$1.6M	25x
Lighter VVV	+0.0096%	1h	30.811	−0.021%	$2.1M	$5.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.825	+0.025%	$450K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.801	−0.052%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.846	+0.093%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.841	+0.077%	$70.3M	$49.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.840	+0.073%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.846	+0.092%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.852	+0.113%	$33.0M	$130.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.836	+0.061%	$38.4M	$43.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.832	+0.048%	$4.8M	$33.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.850	+0.106%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.832	+0.048%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.814	−0.010%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.845	+0.090%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.801	−0.052%	$1.9M	$290K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.819	+0.005%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.829	+0.038%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.821	+0.013%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.834	+0.055%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	30.844	+0.087%	$77K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0128%	1h	30.845	+0.089%	$120K	$253K	5x	as long as short
Kalshi KXVVVPERP	+0.0150%	8h	30.850	+0.106%	$101K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.844	+0.087%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0427% / S −0.0174%	1h	30.817	long leg	$540K	—	100x