Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.016%

Price spread now: GMX against KuCoin+0.026%7-day average −0.015% · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.099%+$10 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.026%, 7d avg −0.015%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.015%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 3 days funding on this pair paid +0.099%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	32.275	0.0100	pay 0.0050% / 4h	2h 09m	$2.1M	$2.8M	20x
Short	GMX VVV/USD [ETH-USDC]	32.283	L +0.0191% / S +0.0095%	pay 0.0012% / 1h	9m 21s	$565K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$41
Price spread: +0.026% → −0.015%: $4.11
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$60.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	10.62 bp	26.8 bp −$27	616.7 bp −$6,167	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
Kalshi KXVVVPERP	0.0000%	8h	32.464	+0.586%	$114K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.292	+0.052%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.689%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.362	+0.270%	$1.3M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.248	−0.084%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.300	+0.076%	$412K	$578K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.344	+0.213%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.250	−0.077%	$481K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.287	+0.039%	$149K	$781K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.296	+0.066%	$276K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.279	+0.012%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.321	+0.143%	$34.1M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.296	+0.065%	$39.9M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.303	+0.087%	$4.8M	$42.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.286	+0.034%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.315	+0.124%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	32.275	long leg	$2.1M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	32.298	+0.071%	$5.8M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.304	+0.090%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.319	+0.137%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.283	+0.025%	$156K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.283	+0.024%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.314	+0.121%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.286	+0.034%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.315	+0.123%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.330	+0.170%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.393	+0.365%	$80K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0152%	1h	32.347	+0.223%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0191% / S +0.0095%	1h	32.283	+0.026%	$565K	—	100x
Hyperliquid VVV	+0.0213%	1h	32.348	+0.226%	$74.8M	$55.1M	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.362	+0.270%	$215K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0320%	1h	32.327	+0.160%	$93K	$22K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0322%	1h	32.229	−0.144%	$122K	$380K	5x	as long as short