VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.031%

Price spread now: Phoenix against GMX−0.010%7-day average +0.062% · you buy dearer than you sell

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

Long on GMX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.180%−$18 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.010%, 7d avg +0.062%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phoenix is 0.072% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.031	L +0.0178% / S +0.0121%	pay 0.0022% / 1h	27m 01s	$580K	—	100x
Short	Phoenix VVV	32.028	0	get 0.0000% / 1h	27m 01s	$56K	$298K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$37.4
Price spread: −0.010% → +0.062%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$63.58
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 44 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 Phoenix live order book, 44 min ago	3.13 bp	19.8 bp −$20	57.3 bp −$573	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
Polymarket Perps VVV-USD	−0.0284%	1h	32.011	−0.063%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0072%	1h	32.043	+0.037%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0053%	1h	32.022	−0.027%	$91K	$23K	10x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.032	+0.004%	$394K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.060	+0.090%	$109K	$6.5M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	32.028	−0.010%	$56K	$298K	5x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.033	+0.007%	$19K	—	150x	as long as short
Gate VVV_USDT	+0.0020%	4h	32.006	−0.078%	$10.8M	$7.4M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.463%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.018	−0.041%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.004	−0.085%	$473K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.014	−0.055%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.055	+0.075%	$74.3M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.047	+0.051%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.066	+0.110%	$192K	$187K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.027	−0.011%	$33.7M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.015	−0.049%	$39.2M	$51.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.018	−0.041%	$4.7M	$41.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.023	−0.025%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.035	+0.012%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.023	−0.025%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.011	−0.063%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.043	+0.038%	$124K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.153	+0.379%	$2.1M	$188K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.034	+0.009%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.019	−0.038%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.035	+0.012%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	32.009	−0.069%	$80K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.011	−0.062%	$306K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.041	+0.031%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0130%	4h	32.012	−0.060%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0178% / S +0.0121%	1h	32.031	long leg	$580K	—	100x
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.219	+0.588%	$248K	$1.3M	25x	as long as short