VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h +0.009%

Price spread now: Hyperliquid against GMX+0.186%7-day average +0.101% · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.197%−$20 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.186%, 7d avg +0.101%

Together, before fees−0.241%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.085% dearer against GMX than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.101%): +$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 3.1 days. At the pace of the last 3 days (−0.197% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.142	L +0.0191% / S +0.0094%	pay 0.0024% / 1h	15m 12s	$561K	—	100x
Short	Hyperliquid VVV	32.202	0.0100	get 0.0013% / 1h	15m 12s	$74.0M	$54.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$19.14
Price spread: +0.186% → +0.101%: $8.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.64
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	0.16 bp	13.6 bp −$14	doesn't fit	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
Kalshi KXVVVPERP	0.0000%	8h	32.160	+0.056%	$121K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.164	+0.068%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.148	+0.019%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.109%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.025	−0.364%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.140	−0.006%	$396K	$574K	5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	32.175	+0.102%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.152	+0.030%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.141	−0.004%	$480K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.163	+0.065%	$149K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVshort	+0.0100%	1h	32.202	+0.186%	$74.0M	$54.6M	3x
Aster VVVUSDT	+0.0100%	4h	32.163	+0.065%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.073	−0.216%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.154	+0.037%	$33.9M	$154.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.143	+0.003%	$39.6M	$52.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.155	+0.040%	$4.8M	$42.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.145	+0.009%	$10.9M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.147	+0.015%	$17.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.210	+0.211%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.145	+0.009%	$5.8M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.152	+0.031%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.022	−0.375%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.144	+0.006%	$144K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.144	+0.006%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.128	−0.044%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.067	−0.235%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.014	−0.399%	$80K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.166	+0.074%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.146	+0.013%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	32.163	+0.065%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0191% / S +0.0094%	1h	32.142	long leg	$561K	—	100x
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.056	−0.267%	$212K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0270%	1h	32.080	−0.193%	$122K	$380K	5x	as long as short