Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.105%

Price spread now: OKX against GMX−0.036%62s7-day average +0.026% · you buy dearer than you sell

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

Long on GMX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.506%−$51 on $10k

Price spread, last 5 days (all we have)+0.032%+$3 · spread now −0.036%, 7d avg +0.026%

Together, before fees−0.473%−$47 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 OKX is 0.062% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	31.560	L +0.0445% / S −0.0221%	pay 0.0056% / 1h	7m 17s	$505K	—	100x
Short	OKX VVV-USDT-SWAP	31.549	0.0100	get 0.0050% / 4h	2h 07m	$4.3M	$14.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$72.52
Price spread: −0.036% → +0.026%: −$6.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$100.67
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.95 bp	16.7 bp −$17	64.4 bp −$644	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 32 exchanges

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
Gate VVV_USDT	−0.0112%	4h	31.527	−0.105%	$19.4M	$3.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0051%	1h	31.529	−0.100%	$88K	$31K	10x	as long as short
01 Exchange VVVUSD	−0.0008%	1h	31.536	−0.077%	$9K	$4K	3x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.589	+0.091%	—	—	150x	as long as short
RISEx VVV/USDC	+0.0025%	1h	31.524	−0.115%	$294K	$770K	5x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.992%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0082%	4h	31.559	−0.004%	$1.3M	$826K	25x	as long as short
Lighter VVV	+0.0096%	1h	31.553	−0.021%	$1.8M	$2.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.526	−0.109%	$489K	$986K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.508	−0.166%	$154K	$749K	3x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.567	+0.021%	$217K	$172K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.576	+0.049%	$192K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.557	−0.010%	$31.6M	$60.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.534	−0.082%	$36.6M	$21.7M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.549	−0.036%	$4.3M	$14.8M	20x
MEXC VVV_USDT	+0.0100%	4h	31.541	−0.061%	$10.4M	$2.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.555	−0.017%	$2.2M	$776K	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.512	−0.153%	$5.5M	$2.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.549	−0.036%	—	$2.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.619	+0.187%	$2.0M	$292K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.521	−0.124%	$14K	$1.4M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.537	−0.074%	$1.9M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.522	−0.121%	$3K	$22	5x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.562	+0.006%	$78K	$379K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.537	−0.074%	$288K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.564	+0.011%	$6K	$262	3x	as long as short
Hyperliquid VVV	+0.0117%	1h	31.561	+0.002%	$77.8M	$24.8M	3x	as long as short
Kalshi KXVVVPERP	+0.0147%	8h	31.552	−0.026%	$48K	$5.7M	1.6x	as long as short
Backpack VVV_USDC_PERP	+0.0241%	1h	31.581	+0.067%	$140K	$262K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0312%	1h	31.750	+0.602%	$179K	$454K	25x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0445% / S −0.0221%	1h	31.560	long leg	$505K	—	100x
Phoenix VVV	+0.0482%	1h	31.611	+0.161%	$110K	$261K	5x	as long as short