Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0257%/8h= −28.1% APRpaid last 24h −0.041%

Price spread now: GMX against BloFin−0.098%7-day average −0.069% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.098%, 7d avg −0.069%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	30.803	0.0129	pay 0.0065% / 4h	39m 15s	$1.3M	$1.6M	25x
Short	GMX VVV/USD [ETH-USDC]	30.773	L +0.0172% / S +0.0127%	pay 0.0016% / 1h	39m 15s	$554K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$53.94
Price spread: −0.098% → −0.069%: −$2.87
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$80.81
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.16 bp	15.6 bp −$16	29.4 bp −$294	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
RISEx VVV/USDC	−0.0299%	1h	30.741	−0.202%	$377K	$628K	5x	as long as short
Polymarket Perps VVV-USD	−0.0075%	1h	30.758	−0.146%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.783	−0.066%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.781	−0.070%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0032%	4h	30.775	−0.091%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.548%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.762	−0.133%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	−0.113%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.782	−0.067%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.797	−0.019%	$450K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.749	−0.176%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.782	−0.070%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.775	−0.091%	$70.2M	$49.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.797	−0.021%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.793	−0.033%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.800	−0.010%	$32.9M	$132.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.784	−0.062%	$38.3M	$43.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.807	+0.013%	$4.8M	$34.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.795	−0.026%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.797	−0.019%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.769	−0.110%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.783	−0.065%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.811	+0.025%	$1.9M	$296K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.770	−0.106%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.816	+0.042%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.776	−0.088%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.810	+0.024%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	30.728	−0.243%	$76K	$332K	10x	as long as short
BloFin VVV-USDTlong	+0.0129%	4h	30.803	long leg	$1.3M	$1.6M	25x
Kalshi KXVVVPERP	+0.0160%	8h	30.789	−0.045%	$96K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0172% / S +0.0127%	1h	30.773	−0.098%	$554K	—	100x
Phoenix VVV	+0.0182%	1h	30.825	+0.071%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0240%	1h	30.780	−0.075%	$120K	$255K	5x	as long as short