VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0330%/8h= −36.1% APRnext payment −$0.41 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter against GMX+0.051%7-day average +0.095% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.051%, 7d avg +0.095%

Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.045% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.095%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	30.729	L +0.0426% / S −0.0174%	pay 0.0053% / 1h	56m 26s	$538K	—	100x
Short	Lighter VVV	30.744	0.0096	get 0.0012% / 1h	56m 26s	$2.0M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$69.3
Price spread: +0.051% → +0.095%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$85.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	1.89 bp	5.3 bp −$5	48.8 bp −$488	1414.2 bp −$141.4K	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	−0.0417%	1h	30.700	−0.095%	$377K	$640K	5x	as long as short
Polymarket Perps VVV-USD	−0.0243%	1h	30.704	−0.080%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.338%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.845	+0.379%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.811	+0.269%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.751	+0.072%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.806%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	30.767	+0.125%	$1.3M	$1.6M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	30.744	+0.051%	$2.0M	$5.1M	5x
Lighter RH VVV	+0.0096%	1h	30.759	+0.099%	$450K	$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
01 Exchange VVVUSD	+0.0096%	1h	30.727	−0.005%	$11K	$3K	3x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.727	−0.006%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.719	−0.030%	$141K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.726	−0.009%	$70.1M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.741	+0.040%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.765	+0.119%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.748	+0.063%	$33.0M	$127.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.712	−0.055%	$38.2M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.724	−0.015%	$4.8M	$32.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.730	+0.004%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.733	+0.014%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.751	+0.073%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.721	−0.025%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.747	+0.060%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.997	+0.872%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.808	+0.259%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.776	+0.154%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.711	−0.057%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.807	+0.256%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	30.877	+0.484%	$77K	$332K	10x	as long as short
Phoenix VVV	+0.0182%	1h	30.844	+0.375%	$32K	$257K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0227%	1h	30.808	+0.258%	$122K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0426% / S −0.0174%	1h	30.729	long leg	$538K	—	100x