Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.022%

Price spread now: GMX against MEXC−0.084%7-day average −0.070% · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.084%, 7d avg −0.070%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.036% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.964	0.0100	pay 0.0050% / 4h	3h 10m	$6.5M	$7.0M	50x
Short	GMX VVV/USD [ETH-USDC]	31.937	L +0.0178% / S +0.0121%	pay 0.0015% / 1h	10m 15s	$578K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$46.46
Price spread: −0.084% → −0.070%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$59.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.63 bp	2.6 bp −$3	52.1 bp −$521	226.0 bp −$22.6K	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	−0.0233%	1h	31.924	−0.125%	$160K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0106%	4h	31.926	−0.118%	$39.0M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0106%	4h	31.929	−0.109%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.947	−0.052%	$393K	$602K	5x	as long as short
01 Exchange VVVUSD	−0.0008%	1h	31.973	+0.028%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.974	+0.031%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.303%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.920	−0.137%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.949	−0.048%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.678%	$2K	$1K	5.5x	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	31.894	−0.218%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.947	−0.053%	$473K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.950	−0.044%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.960	−0.013%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.958	−0.020%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.986	+0.068%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.958	−0.018%	$33.6M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.908	−0.175%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.964	long leg	$6.5M	$7.0M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.962	−0.006%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.923	−0.128%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.955	−0.028%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.983	+0.058%	$123K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.923	−0.128%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.916	−0.151%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.941	−0.072%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.964	0.000%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.936	−0.086%	$79K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.898	−0.206%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.936	−0.089%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0148%	4h	31.951	−0.041%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0178% / S +0.0121%	1h	31.937	−0.084%	$578K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.903	−0.192%	$245K	$1.2M	25x	as long as short