VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0467%/8h= −51.1% APRnext payment −$0.58 per $10,000 · paid last 24h −0.080%

Price spread now: Coinbase International against GMX−0.020%53s7-day average +0.061% · you buy dearer than you sell

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.316%−$32 on $10k

Price spread, last 4 days (all we have)−0.465%−$46 · spread now −0.020%, 7d avg +0.061%

Together, before fees−0.781%−$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Coinbase International is 0.081% cheaper against GMX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.061%). Swap the legs. The two prices were read 53 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	GMX VVV/USD [ETH-USDC]	30.729	L +0.0427% / S −0.0176%	pay 0.0053% / 1h	48m 27s	$536K	—	100x
Short	Coinbase International VVV-PERP-INTX	30.723	−0.0040	pay 0.0005% / 1h	48m 27s	$143K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$98.01
Price spread: −0.020% → +0.061%: −$8.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$128.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 5 min ago	14.26 bp	22.6 bp −$23	39.5 bp −$395	doesn't fit	doesn't fit

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	−0.0329%	1h	30.761	+0.102%	$382K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTXshort	−0.0040%	1h	30.723	−0.020%	$143K	$1.2M	25x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.739	+0.032%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.804%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0079%	1h	30.759	+0.097%	$117K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.787	+0.187%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.782	+0.172%	$449K	$1.6M	5x	as long as short
01 Exchange VVVUSD	+0.0096%	1h	30.795	+0.214%	$11K	$3K	3x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.784	+0.177%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.750	+0.069%	$134K	$870K	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	30.758	+0.094%	$69.3M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.767	+0.124%	$245K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.789	+0.195%	$182K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.756	+0.087%	$33.1M	$122.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.740	+0.035%	$38.1M	$42.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.731	+0.006%	$4.8M	$30.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.774	+0.146%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.758	+0.094%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.754	+0.081%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.743	+0.045%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.749	+0.064%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−0.069%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.784	+0.179%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.776	+0.152%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0101%	4h	30.800	+0.230%	$1.3M	$1.5M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	30.786	+0.184%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.800	+0.230%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.668	−0.199%	$76K	$333K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.802	+0.237%	$32K	$243K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0211%	1h	30.814	+0.276%	$86K	$22K	10x	as long as short
Kalshi KXVVVPERP	+0.0249%	8h	30.821	+0.299%	$94K	$5.5M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0427% / S −0.0176%	1h	30.729	long leg	$536K	—	100x
Backpack VVV_USDC_PERP	+0.0500%	1h	30.816	+0.284%	$120K	$240K	5x	as long as short