Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.087%

Price spread now: Paradex against GMX+0.033%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.033% dearer against GMX than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	31.937	L +0.0179% / S +0.0120%	pay 0.0022% / 1h	56m 35s	$578K	—	100x
Short	Paradex VVV-USD-PERP	31.948	0.0100	get 0.0100% / 8h	7h 56m	$3K	$106	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$16.59
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$29.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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	−0.0199%	1h	31.914	−0.073%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.960	+0.072%	$393K	$599K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.980	+0.133%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.947	+0.030%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.908	−0.092%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.922	−0.049%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.763%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0087%	4h	31.937	−0.001%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.919	−0.058%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.928	−0.029%	$475K	$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
Nado VVV-PERP	+0.0100%	1h	31.942	+0.016%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.949	+0.036%	$74.1M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.939	+0.006%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.952	+0.045%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.956	+0.058%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.950	+0.039%	$39.2M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.967	+0.093%	$4.7M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.947	+0.030%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.957	+0.061%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.931	−0.020%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.947	+0.030%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.972	+0.108%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.962	+0.077%	$124K	$339K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.952	+0.046%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.915	−0.071%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.902	−0.111%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.948	+0.033%	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	31.956	+0.060%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.952	+0.045%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.960	+0.071%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.987	+0.155%	$56K	$295K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0179% / S +0.0120%	1h	31.937	long leg	$578K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+1.065%	$242K	$1.3M	25x	as long as short