Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.003%

Price spread now: GMX against OKX−0.095%7-day average −0.022% · you buy dearer than you sell

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.095%, 7d avg −0.022%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.073% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	32.134	0.0100	pay 0.0050% / 4h	3h 48m	$4.7M	$42.1M	20x
Short	GMX VVV/USD [ETH-USDC]	32.103	L +0.0179% / S +0.0120%	pay 0.0015% / 1h	48m 47s	$581K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$46.22
Price spread: −0.095% → −0.022%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$75.55
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	2.19 bp	12.9 bp −$13	66.1 bp −$661	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
Polymarket Perps VVV-USD	−0.0184%	1h	32.072	−0.193%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0048%	1h	32.042	−0.286%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.037	−0.303%	$394K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.072	−0.193%	$107K	$6.7M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.921	−0.663%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.105	−0.092%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.111	−0.071%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.135%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.170	+0.112%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.164	+0.093%	$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	32.053	−0.251%	$126K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.205	+0.221%	$74.6M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.151	+0.054%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.181	+0.146%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.146	+0.037%	$33.8M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.135	+0.003%	$39.5M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	32.134	long leg	$4.7M	$42.1M	20x
Gate VVV_USDT	+0.0100%	4h	32.156	+0.068%	$10.8M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.166	+0.100%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.108	−0.081%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.133	−0.003%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.148	+0.044%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.917	−0.677%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.112	−0.068%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.089	−0.140%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.153	+0.060%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.128	−0.019%	$302K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.094	−0.123%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.859	−0.857%	$79K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0119%	4h	32.132	−0.006%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0179% / S +0.0120%	1h	32.103	−0.095%	$581K	—	100x
Backpack VVV_USDC_PERP	+0.0183%	1h	32.178	+0.138%	$125K	$339K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	−0.562%	$240K	$1.3M	25x	as long as short