Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.087%

Price spread now: OKX against GMX−0.014%7-day average +0.023% · you buy dearer than you sell

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

Long on GMX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.375%−$37 on $10k

Price spread, last 3 days (all we have)+0.195%+$19 · spread now −0.014%, 7d avg +0.023%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.037% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.210	L +0.0182% / S +0.0171%	pay 0.0023% / 1h	41m 10s	$620K	—	100x
Short	OKX VVV-USDT-SWAP	32.205	0.0100	get 0.0050% / 4h	41m 10s	$4.7M	$42.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$17.23
Price spread: −0.014% → +0.023%: −$3.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.55 bp	16.9 bp −$17	51.8 bp −$518	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
Kalshi KXVVVPERP	0.0000%	8h	32.231	+0.067%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.191	−0.059%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.218	+0.025%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0020%	1h	32.205	−0.014%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.895%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.213	+0.012%	$396K	$604K	5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	32.198	−0.036%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.212	+0.008%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.225	+0.049%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.189	−0.064%	$478K	$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
Nado VVV-PERP	+0.0100%	1h	32.230	+0.062%	$162K	$832K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.249	+0.122%	$74.7M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.215	+0.017%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.240	+0.094%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.218	+0.027%	$33.7M	$157.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.192	−0.055%	$39.5M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	32.205	−0.014%	$4.7M	$42.7M	20x
Gate VVV_USDT	+0.0100%	4h	32.198	−0.036%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.212	+0.008%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.217	+0.023%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.198	−0.036%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.219	+0.029%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.328	+0.369%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.194	−0.048%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.208	−0.005%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.229	+0.060%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.186	−0.074%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.201	−0.026%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.324	+0.355%	$80K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0113%	1h	32.237	+0.085%	$122K	$359K	5x	as long as short
Phoenix VVV	+0.0124%	1h	32.246	+0.113%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0182% / S +0.0171%	1h	32.210	long leg	$620K	—	100x
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.212%	$242K	$1.3M	25x	as long as short