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 −0.022%

Price spread now: GMX against BingX+0.091%7-day average −0.042% · you sell dearer than you buy

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.091%, 7d avg −0.042%

Together, before fees−0.228%−$23 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 0.134% dearer against BingX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	30.345	0.0100	pay 0.0050% / 4h	3h 27m	—	$5.0M	—
Short	GMX VVV/USD [ETH-USDC]	30.373	L +0.0424% / S −0.0174%	get 0.0022% / 1h	27m 01s	$532K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $15.56
Price spread: +0.091% → −0.042%: $13.37
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.94
Costs to cover: 0.220%
Break-even: 3.9 days

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	0.33 bp	11.0 bp −$11	35.7 bp −$357	322.7 bp −$32.3K	749.1 bp −$374.6K
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	30.353	+0.027%	$372K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0135%	1h	30.350	+0.016%	$127K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.400	+0.181%	$148K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.373	+0.091%	$84K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.378	+0.109%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+8.156%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.377	+0.105%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0094%	4h	30.369	+0.079%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.358	+0.042%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.381	+0.119%	$443K	$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	30.377	+0.106%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.378	+0.109%	$140K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.348	+0.010%	$68.5M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.367	+0.073%	$241K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.413	+0.224%	$179K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.355	+0.035%	$32.6M	$126.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.329	−0.051%	$37.8M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.335	−0.033%	$4.7M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.355	+0.033%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.390	+0.148%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.386	+0.135%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.333	−0.040%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	30.345	long leg	—	$5.0M	—
Variational Omni VVV	+0.0100%	4h	30.479	+0.440%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.370	+0.083%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.415	+0.231%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.369	+0.078%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.379	+0.113%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	30.411	+0.217%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.417	+0.237%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0138%	8h	30.399	+0.178%	$102K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0231%	1h	30.365	+0.065%	$118K	$245K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0424% / S −0.0174%	1h	30.373	+0.091%	$532K	—	100x