VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0441%/8h= −48.3% APRnext payment −$0.55 per $10,000 · paid last 24h +0.009%

Price spread now: GMX against Coinbase International+0.046%7-day average −0.068% · you sell dearer than you buy

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.349%+$35 · spread now +0.046%, 7d avg −0.068%

Together, before fees+0.369%+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.114% dearer against Coinbase International than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.068%): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.020% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	31.927	0.0320	pay 0.0040% / 1h	3m 39s	$245K	$1.2M	25x
Short	GMX VVV/USD [ETH-USDC]	31.942	L +0.0177% / S +0.0121%	pay 0.0015% / 1h	3m 39s	$578K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$92.71
Price spread: +0.046% → −0.068%: $11.37
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$103.34
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	11.59 bp	25.3 bp −$25	41.5 bp −$415	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
Bybit VVVUSDT	−0.0267%	4h	31.942	+0.047%	$39.0M	$51.6M	20x	as long as short
Polymarket Perps VVV-USD	−0.0228%	1h	31.930	+0.009%	$159K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0124%	4h	31.938	+0.034%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.940	+0.039%	$392K	$597K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.969	+0.131%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.958	+0.097%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.910	−0.054%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.936	+0.028%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.953	+0.080%	$797	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.797%	$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	+0.0045%	4h	31.923	−0.013%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.942	+0.046%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.929	+0.006%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.956	+0.092%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.953	+0.080%	$74.2M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.958	+0.096%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.956	+0.092%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.944	+0.054%	$33.6M	$154.1M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.934	+0.022%	$4.7M	$41.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.950	+0.072%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.934	+0.022%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.940	+0.040%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.958	+0.097%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.953	+0.083%	$123K	$335K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.882	−0.143%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.936	+0.028%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.938	+0.034%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.940	+0.040%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.926	−0.002%	$79K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.955	+0.086%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.931	+0.012%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0177% / S +0.0121%	1h	31.942	+0.046%	$578K	—	100x
Coinbase International VVV-PERP-INTXlong	+0.0320%	1h	31.927	long leg	$245K	$1.2M	25x