VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.097%

Price spread now: Derive against GMX+0.081%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Derive is 0.081% dearer against GMX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.704	L +0.0190% / S +0.0135%	pay 0.0024% / 1h	42m 47s	$596K	—	100x
Short	Derive VVV-PERP	32.730	0.0100	get 0.0013% / 1h	42m 47s	$1K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.081%Rate

Funding earned: −$18.84
Price spread: +0.081% → 0.000%: $8.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$28.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Derive: 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 GMX no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

GMX and Derive: 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
Kalshi KXVVVPERP	0.0000%	8h	32.821	+0.359%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.724	+0.062%	$93K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.713	+0.028%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.356%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.800	+0.293%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.782	+0.240%	$491K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.696	−0.023%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.739	+0.110%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.781	+0.237%	$273K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.797	+0.285%	$188K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.798	+0.287%	$34.5M	$156.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.811	+0.328%	$40.4M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.779	+0.231%	$4.8M	$43.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.764	+0.185%	$11.1M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.799	+0.292%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.754	+0.154%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.803	+0.304%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.803	+0.304%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.517	−0.569%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.750	+0.142%	$142K	$1.2M	3x	as long as short
Derive VVV-PERPshort	+0.0100%	1h	32.730	+0.081%	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	32.703	−0.002%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.802	+0.300%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.772	+0.209%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.721	+0.053%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.692	−0.037%	$81K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.764	+0.185%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.547	−0.480%	$198K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.767	+0.194%	$402K	$594K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0190% / S +0.0135%	1h	32.704	long leg	$596K	—	100x
Backpack VVV_USDC_PERP	+0.0345%	1h	32.775	+0.219%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0504%	1h	32.823	+0.365%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0780%	1h	32.830	+0.387%	$76.7M	$55.5M	3x	as long as short