Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.001%

Price spread now: GMX against KuCoin+0.019%7-day average −0.013% · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.019%, 7d avg −0.013%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.031% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	30.536	0.0100	pay 0.0050% / 4h	3h 43m	$1.9M	$2.8M	20x
Short	GMX VVV/USD [ETH-USDC]	30.542	L +0.0424% / S −0.0174%	get 0.0022% / 1h	43m 51s	$535K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $15.56
Price spread: +0.019% → −0.013%: $3.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.29
Costs to cover: 0.240%
Break-even: 9.4 days

Slippage unknown: KuCoin: live order book, 3 min ago; GMX: 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 KuCoin live order book, 3 min ago	11.57 bp	33.8 bp −$34	483.0 bp −$4,830	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0417%	1h	30.521	−0.047%	$374K	$646K	5x	as long as short
Polymarket Perps VVV-USD	−0.0098%	1h	30.522	−0.046%	$127K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.555	+0.061%	$149K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.568	+0.105%	$105K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.527	−0.030%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.557	+0.068%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.480%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0092%	4h	30.558	+0.072%	$10.3M	$5.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.557	+0.068%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.578	+0.138%	$447K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.542	+0.020%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.552	+0.054%	$140K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.572	+0.118%	$69.5M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.553	+0.057%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.551	+0.049%	$180K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.588	+0.170%	$32.8M	$126.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.570	+0.111%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.587	+0.167%	$4.7M	$31.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.587	+0.167%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	30.536	long leg	$1.9M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.558	+0.072%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.594	+0.190%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	+0.441%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.550	+0.046%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.609	+0.239%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.569	+0.108%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.531	−0.016%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0107%	4h	30.564	+0.092%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.694	+0.518%	$76K	$334K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.710	+0.570%	$32K	$257K	5x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	30.530	−0.020%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0193%	1h	30.593	+0.186%	$121K	$247K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0424% / S −0.0174%	1h	30.542	+0.019%	$535K	—	100x