Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h −0.003%

Price spread now: GMX against Gate−0.009%7-day average +0.032% · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.009%, 7d avg +0.032%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.032%). If the spread goes back, that is −$4 on $10k: about 24 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	30.906	0.0038	pay 0.0019% / 4h	23m 12s	$10.4M	$6.0M	25x
Short	GMX VVV/USD [ETH-USDC]	30.903	L +0.0428% / S −0.0174%	get 0.0022% / 1h	23m 12s	$541K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $28.58
Price spread: −0.009% → +0.032%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.48
Costs to cover: 0.270%
Break-even: 7.6 days

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	6.00 bp	21.6 bp −$22	668.5 bp −$6,685	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	−0.0299%	1h	30.889	−0.056%	$379K	$625K	5x	as long as short
Polymarket Perps VVV-USD	−0.0094%	1h	30.888	−0.058%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.910	+0.013%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.906	0.000%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.903	−0.010%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.193%	$2K	$1K	5.5x	as long as short
Gate VVV_USDTlong	+0.0038%	4h	30.906	long leg	$10.4M	$6.0M	25x
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.117%	$145K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.924	+0.060%	$2.1M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.922	+0.052%	$451K	$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	30.902	−0.014%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.904	−0.005%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.930	+0.078%	$70.5M	$49.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.910	+0.012%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.924	+0.057%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.930	+0.078%	$33.1M	$130.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.912	+0.019%	$38.5M	$43.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.973	+0.217%	$4.8M	$33.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.938	+0.104%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.904	−0.006%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.945	+0.126%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.950	+0.142%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.801	−0.339%	$1.9M	$290K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.900	−0.019%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.893	−0.042%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.916	+0.034%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.894	−0.040%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	30.830	−0.247%	$77K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0123%	4h	30.933	+0.087%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0124%	1h	30.970	+0.207%	$120K	$252K	5x	as long as short
Kalshi KXVVVPERP	+0.0149%	8h	30.922	+0.052%	$101K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.881	−0.081%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0428% / S −0.0174%	1h	30.903	−0.009%	$541K	—	100x