Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.091%

Price spread now: Gate against GMX−0.101%7-day average −0.030% · you buy dearer than you sell

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.431%−$43 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.101%, 7d avg −0.030%

Together, before fees−0.282%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.070% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	31.481	L +0.0440% / S −0.0212%	pay 0.0055% / 1h	22m 26s	$506K	—	100x
Short	Gate VVV_USDT	31.449	0.0052	get 0.0026% / 4h	22m 26s	$11.7M	$5.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.101%Rate

Funding earned: −$81.49
Price spread: −0.101% → −0.030%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$115.54
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	5.71 bp	26.2 bp −$26	127.0 bp −$1,270	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
RISEx VVV/USDC	−0.0337%	1h	31.475	−0.018%	$386K	$664K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.573	+0.294%	$188K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.525	+0.141%	$96K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.468	−0.041%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.488	+0.021%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.254%	$2K	$1K	5.5x	as long as short
Gate VVV_USDTshort	+0.0052%	4h	31.449	−0.101%	$11.7M	$5.2M	25x
Lighter VVV	+0.0096%	1h	31.504	+0.075%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.517	+0.115%	$464K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.501	+0.063%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.504	+0.074%	$160K	$950K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.534	+0.169%	$70.5M	$44.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.499	+0.058%	$249K	$633K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.540	+0.187%	$185K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.495	+0.044%	$33.6M	$113.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.446	−0.110%	$38.2M	$39.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.466	−0.047%	$4.8M	$28.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.503	+0.071%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.504	+0.074%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.483	+0.007%	$5.7M	$6.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.491	+0.033%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.470	−0.035%	$2.0M	$356K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.487	+0.020%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.475	−0.017%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.534	+0.169%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.472	−0.027%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.485	+0.012%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.509	+0.089%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.544	+0.201%	$1.4M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.503	+0.071%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.613	+0.420%	$33K	$215K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0367%	1h	31.562	+0.259%	$160K	$276K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0440% / S −0.0212%	1h	31.481	long leg	$506K	—	100x