Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.022%

Price spread now: GMX against BingX−0.161%7-day average −0.042% · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.161%, 7d avg −0.042%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.118% cheaper against BingX than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.042%). If the spread goes back, that is −$12 on $10k: about 5.3 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.026% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	30.400	0.0100	pay 0.0050% / 4h	3h 24m	—	$5.0M	—
Short	GMX VVV/USD [ETH-USDC]	30.351	L +0.0424% / S −0.0174%	get 0.0022% / 1h	24m 40s	$532K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $15.56
Price spread: −0.161% → −0.042%: −$11.83
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$18.27
Costs to cover: 0.220%
Break-even: 15.2 days

Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago	0.33 bp	11.0 bp −$11	35.7 bp −$357	322.7 bp −$32.3K	749.1 bp −$374.6K
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
RISEx VVV/USDC	−0.0417%	1h	30.338	−0.204%	$372K	$639K	5x	as long as short
Polymarket Perps VVV-USD	−0.0143%	1h	30.333	−0.220%	$122K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.294	−0.350%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.359	−0.135%	$84K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.356	−0.146%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.961%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.351	−0.161%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.384	−0.052%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.369	−0.102%	$443K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.354	−0.153%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.370	−0.099%	$139K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.365	−0.115%	$68.4M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.381	−0.062%	$242K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.386	−0.046%	$179K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.398	−0.008%	$32.7M	$126.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.377	−0.076%	$37.8M	$42.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.396	−0.013%	$4.7M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.356	−0.145%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.393	−0.023%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.364	−0.118%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.384	−0.053%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	30.400	long leg	—	$5.0M	—
Variational Omni VVV	+0.0100%	4h	30.303	−0.318%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.352	−0.158%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.416	+0.053%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.360	−0.130%	$75K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.380	−0.066%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.338	−0.203%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0116%	8h	30.315	−0.280%	$101K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0129%	1h	30.352	−0.158%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0147%	4h	30.395	−0.016%	$1.3M	$1.5M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0225%	1h	30.414	+0.046%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0424% / S −0.0174%	1h	30.351	−0.161%	$532K	—	100x