VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.105%

Price spread now: GMX against Hyperliquid−0.255%7-day average −0.104% · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.276%+$28 · spread now −0.255%, 7d avg −0.104%

Together, before fees+0.190%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.151% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.104%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.042	0.0100	pay 0.0013% / 1h	43m 33s	$74.2M	$55.2M	3x
Short	GMX VVV/USD [ETH-USDC]	31.960	L +0.0179% / S +0.0120%	pay 0.0015% / 1h	43m 33s	$578K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.255%Rate

Funding earned: −$46.25
Price spread: −0.255% → −0.104%: −$15.09
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$82.34
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; GMX: 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 Hyperliquid live order book, 10 min ago	1.73 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0301%	1h	31.941	−0.315%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	32.009	−0.103%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.034	−0.025%	$394K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.016	−0.081%	$107K	$6.7M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.161	+0.371%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.976	−0.207%	$19K	—	150x	as long as short
Gate VVV_USDT	+0.0016%	4h	31.991	−0.159%	$10.7M	$7.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.428%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0038%	1h	31.972	−0.219%	$91K	$23K	10x	as long as short
BloFin VVV-USDT	+0.0062%	4h	32.002	−0.125%	$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
Lighter VVV	+0.0096%	1h	32.002	−0.124%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.003	−0.122%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.053	+0.036%	$126K	$850K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.042	long leg	$74.2M	$55.2M	3x
Aster VVVUSDT	+0.0100%	4h	32.048	+0.017%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.038	−0.012%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.056	+0.044%	$33.7M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.038	−0.012%	$39.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.055	+0.041%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.019	−0.072%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.036	−0.019%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.004	−0.119%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.027	−0.047%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.110	+0.211%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.954	−0.273%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.996	−0.144%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.994	−0.151%	$3K	$106	5x	as long as short
Backpack VVV_USDC_PERP	+0.0104%	1h	31.972	−0.218%	$124K	$336K	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.012	−0.093%	$301K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.992	−0.157%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	32.009	−0.103%	$80K	$335K	10x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0179% / S +0.0120%	1h	31.960	−0.255%	$578K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	−0.277%	$240K	$1.3M	25x	as long as short