Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h +0.012%

Price spread now: GMX against Paradex−0.204%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.204% cheaper against Paradex than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	32.352	0.0100	pay 0.0100% / 8h	1h 31m	$3K	$106	5x
Short	GMX VVV/USD [ETH-USDC]	32.286	L +0.0188% / S +0.0166%	pay 0.0021% / 1h	31m 04s	$622K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$55.83
Price spread: −0.204% → 0.000%: −$20.41
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$92.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and 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	−0.0199%	1h	32.262	−0.279%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.289	−0.197%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.445%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.282	−0.219%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.259	−0.289%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.604	+0.777%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.344	−0.025%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.305	−0.147%	$269K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.352	−0.001%	$186K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.246	−0.329%	$33.7M	$156.9M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.180	−0.533%	$39.7M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.217	−0.419%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.252	−0.311%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.280	−0.224%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.310	−0.131%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.263	−0.277%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.279	−0.227%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.549	+0.607%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.343	−0.029%	$130K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.281	−0.220%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.289	−0.196%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	32.352	long leg	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	32.272	−0.249%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.307	−0.141%	$7K	$13K	3x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	32.355	+0.008%	$106K	$6.8M	1.7x	as long as short
edgeX VVVUSDC	+0.0110%	4h	32.442	+0.277%	$81K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.337	−0.048%	$193K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0157%	4h	32.260	−0.286%	$1.4M	$1.8M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.349	−0.012%	$397K	$599K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0188% / S +0.0166%	1h	32.286	−0.204%	$622K	—	100x
Backpack VVV_USDC_PERP	+0.0289%	1h	32.281	−0.222%	$122K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0472%	1h	32.380	+0.085%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0586%	1h	32.285	−0.209%	$75.4M	$55.6M	3x	as long as short