Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.016%

Price spread now: GMX against OKX−0.044%7-day average −0.024% · you buy dearer than you sell

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

Long on OKX 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)+0.047%+$5 · spread now −0.044%, 7d avg −0.024%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.790	0.0100	pay 0.0050% / 4h	2h 26m	$4.7M	$41.5M	20x
Short	GMX VVV/USD [ETH-USDC]	31.776	L +0.0445% / S −0.0195%	get 0.0024% / 1h	26m 22s	$543K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $19.87
Price spread: −0.044% → −0.024%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.08
Costs to cover: 0.220%
Break-even: 8.4 days

Slippage unknown: OKX: 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 OKX live order book, 2 min ago	0.79 bp	15.1 bp −$15	77.6 bp −$776	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
Deribit VVV_USDC-PERPETUAL	−0.0039%	1h	31.789	−0.003%	$91K	$22K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.870	+0.252%	$118K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.794	+0.013%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.834	+0.138%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.240%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0074%	1h	31.812	+0.069%	$138K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.571	−0.689%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.822	+0.100%	$391K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.793	+0.010%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.828	+0.120%	$474K	$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
BloFin VVV-USDT	+0.0097%	4h	31.836	+0.145%	$1.3M	$1.7M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.798	+0.025%	$146K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.824	+0.107%	$72.5M	$54.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.820	+0.094%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.860	+0.220%	$189K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.802	+0.037%	$33.6M	$154.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.773	−0.053%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.790	long leg	$4.7M	$41.5M	20x
Gate VVV_USDT	+0.0100%	4h	31.797	+0.022%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.820	+0.094%	$17.1M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.839	+0.154%	$2.2M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.803	+0.041%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.791	+0.003%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.543	−0.777%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.789	−0.002%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.762	−0.088%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.838	+0.151%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.778	−0.038%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.800	+0.031%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.561	−0.719%	$78K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	+0.178%	$205K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0264%	1h	31.866	+0.239%	$120K	$380K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0445% / S −0.0195%	1h	31.776	−0.044%	$543K	—	100x