Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.058%

Price spread now: MEXC against GMX+0.051%7-day average +0.070% · you sell dearer than you buy

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.319%−$32 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now +0.051%, 7d avg +0.070%

Together, before fees−0.229%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$2 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]	31.894	L +0.0178% / S +0.0121%	pay 0.0022% / 1h	8m 40s	$577K	—	100x
Short	MEXC VVV_USDT	31.910	0.0100	get 0.0050% / 4h	3h 08m	$6.5M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$16.29
Price spread: +0.051% → +0.070%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.19
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago	0.63 bp	9.2 bp −$9	63.8 bp −$638	238.4 bp −$23.8K	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
Polymarket Perps VVV-USD	−0.0234%	1h	31.870	−0.075%	$160K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0171%	4h	31.890	−0.014%	$39.0M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0120%	4h	31.882	−0.037%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.915	+0.065%	$392K	$600K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.881	−0.040%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.927	+0.104%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.084%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.903	+0.030%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.896	+0.006%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.904%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0045%	4h	31.896	+0.007%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.888	−0.020%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.907	+0.041%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.906	+0.038%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.908	+0.044%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.900	+0.018%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.919	+0.079%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.919	+0.079%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.923	+0.091%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.910	+0.051%	$6.5M	$7.0M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.910	+0.051%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.909	+0.047%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.930	+0.113%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	+0.072%	$123K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.923	+0.092%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.904	+0.033%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.931	+0.116%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.918	+0.075%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.881	−0.039%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.903	+0.028%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.953	+0.187%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0178% / S +0.0121%	1h	31.894	long leg	$577K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.903	+0.028%	$245K	$1.2M	25x	as long as short