Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.0% APRpaid last 24h +0.012%

Price spread now: GMX against Variational Omni+0.222%7-day average −0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.222%, 7d avg −0.002%

Together, before fees+0.083%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.224% dearer against Variational Omni than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.002%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 3 days funding on this pair paid +0.100%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	31.830	0.0100	pay 0.0050% / 4h	7m 52s	$2.1M	$183K	—
Short	GMX VVV/USD [ETH-USDC]	31.901	L +0.0179% / S +0.0120%	pay 0.0015% / 1h	7m 52s	$577K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.222%Rate

Funding earned: −$46.1
Price spread: +0.222% → −0.002%: $22.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$35.75
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago	2.89 bp	doesn't fit	45.0 bp −$450	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	−0.0239%	1h	31.904	+0.233%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0028%	1h	31.878	+0.150%	$146K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.902	+0.225%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.919	+0.279%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0008%	1h	31.865	+0.109%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.109%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.868	+0.117%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.907	+0.240%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.893	+0.197%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.875	+0.142%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.917	+0.272%	$74.0M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.908	+0.244%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.913	+0.259%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.914	+0.262%	$33.4M	$156.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.901	+0.222%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.890	+0.187%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.902	+0.225%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.899	+0.216%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.918	+0.275%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.912	+0.256%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.896	+0.206%	—	$5.5M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.830	long leg	$2.1M	$183K	—
Derive VVV-PERP	+0.0100%	1h	31.914	+0.262%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.910	+0.250%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.881	+0.158%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.894	+0.201%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.904	+0.232%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	31.900	+0.219%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.777	−0.167%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.787	−0.136%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0126%	1h	31.920	+0.281%	$124K	$348K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0179% / S +0.0120%	1h	31.901	+0.222%	$577K	—	100x
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.405%	$242K	$1.3M	25x	as long as short