Funding you earn now, next payment 03:00 UTC−0.0226%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.005%
Price spread now: GMX against Pacifica−0.226%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.226%, 7d avg −0.041%
=Together, before fees+0.049%+ Points / potential airdropPacifica: Active · farm board+$5 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 0.185% cheaper against Pacifica than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.041%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.083%, 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 | Pacifica VVV | 31.195 | 0.0100 | pay 0.0013% / 1h | 9m 51s | $186K | $135K | 10x |
| Short | GMX VVV/USD [ETH-USDC] | 31.124 | L +0.0174% / S +0.0126% | pay 0.0016% / 1h | 9m 51s | $562K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$47.54
- Price spread: −0.226% → −0.041%
- −$18.51
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$86.04
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 53 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 Pacifica live order book, 53 min ago | 1.59 bp | doesn't fit | doesn't fit | 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 | −0.0152% | 1h | 31.147 | −0.153% | $382K | $652K | 5x | as long as short |
| Deribit VVV_USDC-PERPETUAL | 0.0000% | 1h | 31.131 | −0.206% | $87K | $24K | 10x | as long as short |
| gTrade (Gains Network) VVV/USD | L +0.0004% / S −0.0002% | 1h | 31.140 | −0.178% | $23K | — | 150x | as long as short |
| Gate VVV_USDT | +0.0012% | 4h | 31.113 | −0.263% | $10.4M | $6.3M | 25x | as long as short |
| Injective VVV/USDC PERP | +0.0033% | 1h | 32.820 | +5.209% | $2K | $1K | 5.5x | as long as short |
| Polymarket Perps VVV-USD | +0.0078% | 1h | 31.161 | −0.109% | $130K | $1.2M | 3x | as long as short |
| Lighter VVV | +0.0096% | 1h | 31.147 | −0.155% | $2.1M | $5.4M | 5x | as long as short |
| Lighter RH VVV | +0.0096% | 1h | 31.138 | −0.182% | $460K | $1.5M | 5x | as long as short |
| Paradex VVV-USD-PERP | +0.0100% | 8h | 31.169 | −0.083% | $3K | $73 | 5x | as long as short |
| Nado VVV-PERP | +0.0100% | 1h | 31.157 | −0.122% | $144K | $842K | 3x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid VVV | +0.0100% | 1h | 31.124 | −0.227% | $71.4M | $50.2M | 3x | as long as short |
| Aster VVVUSDT | +0.0100% | 4h | 31.145 | −0.160% | $251K | $1.3M | 10x | as long as short |
| Pacifica VVVlong | +0.0100% | 1h | 31.195 | long leg | $186K | $135K | 10x | |
| Binance VVVUSDT | +0.0100% | 4h | 31.128 | −0.216% | $33.1M | $137.6M | 25x | as long as short |
| Bybit VVVUSDT | +0.0100% | 4h | 31.124 | −0.227% | $38.3M | $45.3M | 20x | as long as short |
| OKX VVV-USDT-SWAP | +0.0100% | 4h | 31.118 | −0.247% | $4.7M | $36.4M | 20x | as long as short |
| MEXC VVV_USDT | +0.0100% | 4h | 31.128 | −0.214% | $6.4M | $6.7M | 50x | as long as short |
| KuCoin VVVUSDTM | +0.0100% | 4h | 31.134 | −0.195% | $1.9M | $2.8M | 20x | as long as short |
| Bitget VVVUSDT | +0.0100% | 4h | 31.131 | −0.205% | $5.7M | $7.8M | 20x | as long as short |
| BingX VVV-USDT | +0.0100% | 4h | 31.120 | −0.240% | — | $5.2M | — | as long as short |
| Variational Omni VVV | +0.0100% | 4h | 31.125 | −0.224% | $2.0M | $236K | — | as long as short |
| Derive VVV-PERP | +0.0100% | 1h | 31.126 | −0.221% | $3K | $3K | 5x | as long as short |
| Phemex VVVUSDT | +0.0100% | 4h | 31.178 | −0.054% | $2.0M | $2.1M | 50x | as long as short |
| Extended VVV-USD | +0.0104% | 1h | 31.117 | −0.248% | $295K | $1.9M | 5x | as long as short |
| Aevo VVV-PERP | +0.0104% | 1h | 31.141 | −0.172% | $6K | — | 3x | as long as short |
| edgeX VVVUSDC | +0.0105% | 4h | 31.168 | −0.086% | $77K | $333K | 10x | as long as short |
| BloFin VVV-USDT | +0.0130% | 4h | 31.202 | +0.023% | $1.2M | $1.7M | 25x | as long as short |
| 01 Exchange VVVUSD | +0.0144% | 1h | 31.166 | −0.093% | $11K | $3K | 3x | as long as short |
| Phoenix VVV | +0.0153% | 1h | 31.247 | +0.167% | $37K | $264K | 5x | as long as short |
| Coinbase International VVV-PERP-INTX | +0.0168% | 1h | 31.655 | +1.476% | $145K | $1.2M | 25x | as long as short |
| Kalshi KXVVVPERP | +0.0172% | 8h | 31.190 | −0.016% | $99K | $5.9M | 1.7x | as long as short |
| GMX VVV/USD [ETH-USDC]short | L +0.0174% / S +0.0126% | 1h | 31.124 | −0.226% | $562K | — | 100x | |
| Backpack VVV_USDC_PERP | +0.0335% | 1h | 31.165 | −0.096% | $123K | $285K | 5x | as long as short |
Pacifica VVV
GMX VVV/USD [ETH-USDC]
RISEx VVV/USDC
Deribit VVV_USDC-PERPETUAL
gTrade (Gains Network) VVV/USD
Gate VVV_USDT
Injective VVV/USDC PERP
Polymarket Perps VVV-USD
Lighter VVV
Lighter RH VVV
Paradex VVV-USD-PERP
Hyperliquid VVV
Aster VVVUSDT
Binance VVVUSDT
Bybit VVVUSDT
OKX VVV-USDT-SWAP
MEXC VVV_USDT
KuCoin VVVUSDTM
Bitget VVVUSDT
BingX VVV-USDT
Variational Omni VVV
Derive VVV-PERP
Phemex VVVUSDT
Extended VVV-USD
edgeX VVVUSDC
BloFin VVV-USDT
01 Exchange VVVUSD
Phoenix VVV
Coinbase International VVV-PERP-INTX
Kalshi KXVVVPERP
Backpack VVV_USDC_PERP