Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.092%

Price spread now: Aster against GMX+0.254%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 GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.296%−$30 on $10k

Price spread, last 3 days (all we have)−0.295%−$30 · spread now +0.254%, 7d avg +0.042%

Together, before fees−0.591%+ Points / potential airdropAster: Stage 5 · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.212% dearer against GMX than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of +0.042%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 3 days (−0.296% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.214	L +0.0191% / S +0.0095%	pay 0.0024% / 1h	9m 39s	$563K	—	100x
Short	Aster VVVUSDT	32.295	0.0100	get 0.0050% / 4h	2h 09m	$276K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.254%Rate

Funding earned: −$19.11
Price spread: +0.254% → +0.042%: $21.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.9
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Aster: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	2.94 bp	18.6 bp −$19	64.0 bp −$640	doesn't fit	doesn't fit

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	32.464	+0.778%	$114K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.220	+0.020%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.225	+0.035%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.883%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0064%	4h	32.381	+0.520%	$1.3M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.267	+0.166%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.300	+0.267%	$412K	$578K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.295	+0.252%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.250	+0.113%	$481K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.244	+0.095%	$149K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDTshort	+0.0100%	4h	32.295	+0.254%	$276K	$1.8M	10x
Pacifica VVV	+0.0100%	1h	32.279	+0.203%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.263	+0.155%	$34.0M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.256	+0.132%	$39.8M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.282	+0.213%	$4.8M	$42.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.271	+0.178%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.287	+0.228%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.262	+0.150%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.269	+0.172%	$5.8M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.295	+0.253%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.319	+0.328%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.238	+0.076%	$156K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.296	+0.256%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.219	+0.017%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.286	+0.225%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.308	+0.294%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.281	+0.208%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.149	−0.201%	$80K	$332K	10x	as long as short
01 Exchange VVVUSD	+0.0136%	1h	32.328	+0.355%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0191% / S +0.0095%	1h	32.214	long leg	$563K	—	100x
Hyperliquid VVV	+0.0203%	1h	32.324	+0.343%	$74.8M	$55.1M	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.362	+0.461%	$215K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0322%	1h	32.229	+0.047%	$122K	$380K	5x	as long as short