VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.048%

Price spread now: GMX against Phoenix−0.090%7-day average −0.062% · you buy dearer than you sell

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

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.090%, 7d avg −0.062%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.028% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	31.867	0	get 0.0000% / 1h	13m 15s	$56K	$298K	5x
Short	GMX VVV/USD [ETH-USDC]	31.838	L +0.0178% / S +0.0121%	pay 0.0015% / 1h	13m 15s	$576K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$25.44
Price spread: −0.090% → −0.062%: −$2.76
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$47.2
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 57 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 Phoenix live order book, 57 min ago	3.13 bp	19.8 bp −$20	64.9 bp −$649	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	−0.0247%	1h	31.811	−0.176%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0132%	4h	31.904	+0.116%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0066%	4h	31.909	+0.130%	$39.0M	$51.6M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.818	−0.154%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.829	−0.119%	$391K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.899	+0.100%	$111K	$6.5M	1.7x	as long as short
Phoenix VVVlong	0.0000%	1h	31.867	long leg	$56K	$298K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.868	+0.003%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.849	−0.055%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.991%	$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
BloFin VVV-USDT	+0.0087%	4h	31.870	+0.009%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.863	−0.013%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.857	−0.031%	$471K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.831	−0.115%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.939	+0.226%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.865	−0.006%	$259K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.861	−0.019%	$190K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.876	+0.028%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.913	+0.144%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.876	+0.028%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.903	+0.113%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.876	+0.028%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.914	+0.147%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	+0.158%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.900	+0.102%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.865	−0.005%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.902	+0.110%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.821	−0.143%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.936	+0.218%	$79K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.854	−0.042%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.875	+0.024%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0178% / S +0.0121%	1h	31.838	−0.090%	$576K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.801	−0.208%	$245K	$1.2M	25x	as long as short