VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0297%/8h= −32.5% APRnext payment −$0.37 per $10,000 · paid last 24h −0.033%

Price spread now: Phoenix against GMX+0.032%7-day average +0.080% · you sell dearer than you buy

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

Long on GMX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.188%−$19 on $10k

Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.032%, 7d avg +0.080%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phoenix is 0.048% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	30.641	L +0.0426% / S −0.0176%	pay 0.0053% / 1h	11m 04s	$534K	—	100x
Short	Phoenix VVV	30.651	0.0129	get 0.0016% / 1h	11m 04s	$32K	$257K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$62.27
Price spread: +0.032% → +0.080%: −$4.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$86.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 39 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 Phoenix live order book, 39 min ago	2.93 bp	19.7 bp −$20	57.6 bp −$576	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
RISEx VVV/USDC	−0.0417%	1h	30.606	−0.116%	$375K	$645K	5x	as long as short
Polymarket Perps VVV-USD	−0.0108%	1h	30.602	−0.128%	$121K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.003%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.673	+0.102%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.647	+0.019%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.110%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	30.665	+0.077%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.620	−0.070%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.650	+0.027%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.650	+0.028%	$447K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.629	−0.041%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.627	−0.045%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.651	+0.032%	$69.1M	$48.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.660	+0.062%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.640	−0.004%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.637	−0.014%	$33.0M	$125.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.614	−0.089%	$38.0M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.621	−0.066%	$4.8M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.632	−0.030%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.650	+0.028%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.643	+0.005%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.635	−0.021%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.639	−0.008%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	−0.016%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.647	+0.018%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.635	−0.021%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.632	−0.030%	$294K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.662	+0.068%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.684	+0.140%	$76K	$332K	10x	as long as short
Phoenix VVVshort	+0.0129%	1h	30.651	+0.032%	$32K	$257K	5x
Kalshi KXVVVPERP	+0.0281%	8h	30.646	+0.015%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0300%	1h	30.656	+0.047%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0426% / S −0.0176%	1h	30.641	long leg	$534K	—	100x