Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.073%

Price spread now: Gate against GMX−0.012%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 GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.411%−$41 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.012%, 7d avg −0.032%

Together, before fees−0.398%−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$12 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]	30.878	L +0.0427% / S −0.0174%	pay 0.0053% / 1h	29m 09s	$540K	—	100x
Short	Gate VVV_USDT	30.874	0.0034	get 0.0017% / 4h	29m 09s	$10.3M	$6.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.012%Rate

Funding earned: −$82.51
Price spread: −0.012% → −0.032%: $1.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.58
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 Gate live order book, 4 min ago	6.36 bp	26.4 bp −$26	135.6 bp −$1,356	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	30.819	−0.189%	$378K	$626K	5x	as long as short
Polymarket Perps VVV-USD	−0.0093%	1h	30.845	−0.106%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.891	+0.042%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.890	+0.038%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.829	−0.158%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.290%	$2K	$1K	5.5x	as long as short
Gate VVV_USDTshort	+0.0034%	4h	30.874	−0.012%	$10.3M	$6.0M	25x
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.026%	$145K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.871	−0.023%	$2.1M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.892	+0.046%	$451K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.804	−0.240%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.875	−0.007%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.881	+0.011%	$70.4M	$49.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.883	+0.015%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.838	−0.128%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.876	−0.006%	$33.0M	$130.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.851	−0.086%	$38.4M	$43.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.882	+0.014%	$4.8M	$33.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.893	+0.049%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.863	−0.048%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.869	−0.028%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.878	+0.001%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.703	−0.567%	$1.9M	$337K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.878	0.000%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.859	−0.061%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	30.741	−0.444%	$76K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.885	+0.025%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.874	−0.012%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0114%	4h	30.881	+0.010%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0152%	8h	30.844	−0.109%	$101K	$5.7M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0153%	1h	30.898	+0.065%	$120K	$253K	5x	as long as short
Phoenix VVV	+0.0182%	1h	30.774	−0.336%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0427% / S −0.0174%	1h	30.878	long leg	$540K	—	100x