Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.066%

Price spread now: Binance against GMX−0.031%7-day average +0.067% · you buy dearer than you sell

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.319%−$32 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.031%, 7d avg +0.067%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.098% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.295	L +0.0186% / S +0.0168%	pay 0.0023% / 1h	14m 08s	$621K	—	100x
Short	Binance VVVUSDT	32.285	0.0100	get 0.0050% / 4h	1h 14m	$33.8M	$157.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.031%Rate

Funding earned: −$18.09
Price spread: −0.031% → +0.067%: −$9.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.84
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago	0.16 bp	11.6 bp −$12	35.5 bp −$355	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.285	−0.030%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.295	0.000%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.627%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.293	−0.006%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.284	−0.033%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.131	−0.507%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.297	+0.009%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.303	+0.027%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.305	+0.032%	$185K	$183K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	32.285	−0.031%	$33.8M	$157.6M	25x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.273	−0.067%	$39.7M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.284	−0.033%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.274	−0.064%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.290	−0.015%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.295	+0.001%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.277	−0.055%	$5.9M	$9.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.277	−0.055%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.172	−0.378%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.288	−0.021%	$139K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.291	−0.011%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.276	−0.058%	$2.1M	$2.1M	50x	as long as short
Kalshi KXVVVPERP	+0.0100%	8h	32.306	+0.035%	$109K	$6.9M	1.7x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.324	+0.091%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.288	−0.021%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.283	−0.035%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0112%	4h	32.300	+0.016%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.191	−0.322%	$80K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.319	+0.075%	$239K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.298	+0.012%	$398K	$603K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0186% / S +0.0168%	1h	32.295	long leg	$621K	—	100x
Backpack VVV_USDC_PERP	+0.0229%	1h	32.299	+0.014%	$122K	$373K	5x	as long as short
Hyperliquid VVV	+0.0301%	1h	32.290	−0.015%	$74.9M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0336%	1h	32.305	+0.032%	$12K	$3K	3x	as long as short