Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.092%

Price spread now: Bitget against GMX+0.026%7-day average −0.014% · you sell dearer than you buy

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

Long on GMX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.372%−$37 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.026%, 7d avg −0.014%

Together, before fees−0.441%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.039% dearer against GMX than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 3 days (−0.372% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.066	L +0.0188% / S +0.0166%	pay 0.0023% / 1h	26m 28s	$617K	—	100x
Short	Bitget VVVUSDT	32.074	0.0100	get 0.0050% / 4h	1h 26m	$5.8M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$18.4
Price spread: +0.026% → −0.014%: $3.94
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.46
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	4.65 bp	15.9 bp −$16	53.8 bp −$538	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	32.128	+0.195%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.077	+0.033%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.352%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.095	+0.091%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.105	+0.122%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.269	+0.634%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.090	+0.077%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.109	+0.136%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.119	+0.167%	$184K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.073	+0.021%	$33.5M	$157.3M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.067	+0.004%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.060	−0.018%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.077	+0.035%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.074	+0.026%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.083	+0.054%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	32.074	+0.026%	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	32.083	+0.054%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.330	+0.825%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.055	−0.034%	$133K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.146	+0.249%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.198	+0.412%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.088	+0.068%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.289	+0.696%	$80K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.075	+0.028%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.146	+0.251%	$6K	$13K	3x	as long as short
Kalshi KXVVVPERP	+0.0105%	8h	32.254	+0.587%	$103K	$6.9M	1.7x	as long as short
BloFin VVV-USDT	+0.0139%	4h	32.107	+0.128%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.410	+1.073%	$194K	$1.2M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.066	+0.002%	$393K	$600K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0188% / S +0.0166%	1h	32.066	long leg	$617K	—	100x
Backpack VVV_USDC_PERP	+0.0275%	1h	32.095	+0.091%	$121K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0432%	1h	32.058	−0.024%	$11K	$3K	3x	as long as short
Hyperliquid VVV	+0.0487%	1h	32.088	+0.069%	$74.5M	$56.1M	3x	as long as short