VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.025%

Price spread now: Lighter RH against GMX−0.004%7-day average +0.129% · you buy dearer than you sell

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

Long on GMX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.004%, 7d avg +0.129%

Together, before fees+0.112%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.133% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.129%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.333	L +0.0183% / S +0.0171%	pay 0.0023% / 1h	47m 04s	$622K	—	100x
Short	Lighter RH VVV	32.332	0.0096	get 0.0012% / 1h	47m 04s	$481K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$18.23
Price spread: −0.004% → +0.129%: −$13.28
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$43.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter RH: live order book, 1 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 RH live order book, 1 min ago	7.27 bp	12.1 bp −$12	23.9 bp −$239	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	32.352	+0.058%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.329	−0.012%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.335	+0.007%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0016%	1h	32.327	−0.019%	$148K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.505%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.350	+0.051%	$397K	$603K	5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.357	+0.073%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.361	+0.086%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	32.332	−0.004%	$481K	$1.6M	5x
BloFin VVV-USDT	+0.0098%	4h	32.340	+0.021%	$1.3M	$1.8M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.349	+0.050%	$136K	$815K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.376	+0.132%	$75.0M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.355	+0.066%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.344	+0.032%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.350	+0.052%	$33.8M	$157.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.337	+0.013%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.354	+0.064%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.343	+0.030%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.357	+0.073%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.348	+0.046%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.339	+0.018%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.348	+0.046%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	−0.061%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.333	0.000%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.343	+0.030%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.366	+0.103%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.328	−0.018%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.334	+0.003%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	32.298	−0.109%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.322	−0.035%	$57K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0158%	1h	32.371	+0.118%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0183% / S +0.0171%	1h	32.333	long leg	$622K	—	100x
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.172%	$242K	$1.3M	25x	as long as short