Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0015%/8hnext payment −$0.02 per $10,000 · paid last 24h −0.076%

Price spread now: GMX against RISEx+0.109%46s7-day average −0.026% · you sell dearer than you buy

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

Long on RISEx Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.223%−$22 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.109%, 7d avg −0.026%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.134% dearer against RISEx than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.026%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 30 days. At the pace of the last 3 days (−0.223% in total) that is about 43 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	32.091	0.0206	pay 0.0026% / 1h	6m 43s	$392K	$583K	5x
Short	GMX VVV/USD [ETH-USDC]	32.126	L +0.0446% / S −0.0192%	get 0.0024% / 1h	6m 43s	$548K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 RISExbpFee GMXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$3.09
Price spread: +0.109% → −0.026%: $13.44
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 26 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 RISEx live order book, 26 min ago	2.48 bp	6.0 bp −$6	doesn't fit	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	32.158	+0.207%	$129K	$6.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.116	+0.075%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.130	+0.118%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.270%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0094%	4h	32.124	+0.101%	$1.4M	$1.7M	25x	as long as short
Lighter RH VVV	+0.0096%	1h	32.104	+0.039%	$484K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.121	+0.094%	$150K	$775K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.130	+0.121%	$284K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.094	+0.008%	$184K	$167K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.084	−0.024%	$34.0M	$150.9M	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	32.066	−0.078%	$39.9M	$50.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.067	−0.076%	$4.8M	$40.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.064	−0.086%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.097	+0.017%	$17.0M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.097	+0.017%	$2.0M	$2.5M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.075	−0.051%	$5.9M	$8.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.066	−0.079%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.145	+0.168%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.125	+0.104%	$139K	$963K	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.122	+0.096%	$429	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.101	+0.030%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.089	−0.008%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.186	+0.295%	$80K	$329K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.079	−0.039%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.146	+0.170%	$6K	$13K	3x	as long as short
Lighter VVV	+0.0136%	1h	32.111	+0.061%	$2.2M	$5.4M	5x	as long as short
RISEx VVV/USDClong	+0.0206%	1h	32.091	long leg	$392K	$583K	5x
Phoenix VVV	+0.0225%	1h	32.182	+0.282%	$56K	$286K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.208	+0.363%	$199K	$1.1M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0309%	1h	32.145	+0.168%	$145K	$366K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0446% / S −0.0192%	1h	32.126	+0.109%	$548K	—	100x
01 Exchange VVVUSD	+0.0664%	1h	32.192	+0.313%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0743%	1h	32.133	+0.130%	$75.0M	$51.8M	3x	as long as short