Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.018%

Price spread now: GMX against MEXC−0.063%7-day average −0.071% · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.085%−$8 · spread now −0.063%, 7d avg −0.071%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.042% in total (about 4.9% a year). A funding rate is set anew for every payment. 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	MEXC VVV_USDT	32.246	0.0100	pay 0.0050% / 4h	39m 52s	$6.4M	$7.0M	50x
Short	GMX VVV/USD [ETH-USDC]	32.226	L +0.0182% / S +0.0171%	pay 0.0021% / 1h	39m 52s	$620K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$56.96
Price spread: −0.063% → −0.071%: $0.76
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$68.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago	0.31 bp	4.3 bp −$4	52.8 bp −$528	221.8 bp −$22.2K	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
Kalshi KXVVVPERP	0.0000%	8h	32.239	−0.022%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.227	−0.060%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.238	−0.025%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0024%	1h	32.204	−0.130%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.780%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.217	−0.091%	$396K	$603K	5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	32.198	−0.149%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.224	−0.068%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.254	+0.024%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.225	−0.065%	$479K	$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	32.227	−0.057%	$161K	$833K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.278	+0.099%	$74.8M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.238	−0.026%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.238	−0.026%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.252	+0.019%	$33.8M	$157.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.228	−0.056%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.245	−0.003%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.227	−0.059%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	32.246	long leg	$6.4M	$7.0M	50x
KuCoin VVVUSDTM	+0.0100%	4h	32.237	−0.028%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.233	−0.040%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.245	−0.003%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.185	−0.188%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.226	−0.064%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.234	−0.037%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.228	−0.055%	$3K	$106	5x	as long as short
Backpack VVV_USDC_PERP	+0.0102%	1h	32.264	+0.056%	$122K	$358K	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.237	−0.027%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.231	−0.046%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.324	+0.241%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.246	0.000%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0182% / S +0.0171%	1h	32.226	−0.063%	$620K	—	100x
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.098%	$242K	$1.3M	25x	as long as short