VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0346%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.078%

Price spread now: Lighter RH against GMX+0.050%7-day average +0.109% · you sell dearer than you buy

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

Long on GMX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.050%, 7d avg +0.109%

Together, before fees+0.090%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter RH is 0.060% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.109%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	GMX VVV/USD [ETH-USDC]	31.432	L +0.0442% / S −0.0214%	pay 0.0055% / 1h	3m 03s	$505K	—	100x
Short	Lighter RH VVV	31.448	0.0096	get 0.0012% / 1h	3m 03s	$463K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$72.56
Price spread: +0.050% → +0.109%: −$5.97
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$90.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter RH: 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 Lighter RH live order book, 5 min ago	3.81 bp	5.1 bp −$5	24.1 bp −$241	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	−0.0337%	1h	31.416	−0.051%	$391K	$665K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.592	+0.508%	$188K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.458	+0.081%	$93K	$5.3M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.438	+0.017%	$19K	—	150x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0027%	1h	31.447	+0.046%	$87K	$22K	10x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.415%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0078%	4h	31.432	−0.001%	$11.7M	$5.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.438	+0.018%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.448	+0.050%	$463K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.426	−0.019%	$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	31.451	+0.061%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.492	+0.190%	$70.3M	$44.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.467	+0.109%	$249K	$551K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.445	+0.042%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.464	+0.101%	$33.6M	$111.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.434	+0.006%	$38.3M	$39.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.452	+0.062%	$4.8M	$27.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.458	+0.081%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.441	+0.027%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.433	+0.002%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.460	+0.088%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.466	+0.108%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.414	−0.059%	$123K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.511	+0.249%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.479	+0.148%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.450	+0.056%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.449	+0.054%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.523	+0.289%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0156%	4h	31.454	+0.069%	$1.2M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	31.451	+0.059%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.547	+0.365%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0442% / S −0.0214%	1h	31.432	long leg	$505K	—	100x
Backpack VVV_USDC_PERP	+0.0511%	1h	31.482	+0.159%	$160K	$270K	5x	as long as short