Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.079%

Price spread now: Paradex against GMX+0.032%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.032% dearer against GMX than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	30.645	L +0.0426% / S −0.0176%	pay 0.0053% / 1h	46m 00s	$535K	—	100x
Short	Paradex VVV-USD-PERP	30.655	0.0100	get 0.0100% / 8h	2h 46m	$3K	$73	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$68.56
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$81.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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	30.640	−0.017%	$381K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.049%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.657	+0.040%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.098%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0053%	1h	30.653	+0.026%	$85K	$22K	10x	as long as short
Polymarket Perps VVV-USD	+0.0065%	1h	30.629	−0.052%	$117K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0068%	4h	30.672	+0.089%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.670	+0.081%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.668	+0.076%	$447K	$1.6M	5x	as long as short
01 Exchange VVVUSD	+0.0096%	1h	30.656	+0.036%	$11K	$3K	3x	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-PERPshort	+0.0100%	8h	30.655	+0.032%	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	30.672	+0.090%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.671	+0.085%	$69.1M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.645	0.000%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.679	+0.110%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.630	−0.049%	$33.0M	$122.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.657	+0.040%	$38.0M	$41.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.649	+0.014%	$4.8M	$30.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.668	+0.076%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.645	+0.001%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.671	+0.085%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.623	−0.071%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.584	−0.199%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	−0.030%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.643	−0.006%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.668	+0.076%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.793	+0.482%	$77K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.614	−0.099%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.663	+0.061%	$6K	—	3x	as long as short
Phoenix VVV	+0.0209%	1h	30.802	+0.513%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0242%	8h	30.673	+0.092%	$94K	$5.5M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0426% / S −0.0176%	1h	30.645	long leg	$535K	—	100x
Backpack VVV_USDC_PERP	+0.0446%	1h	30.691	+0.151%	$119K	$239K	5x	as long as short