VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0327%/8h= −35.8% APRnext payment −$0.41 per $10,000 · paid last 24h +0.019%

Price spread now: Hyperliquid against GMX+0.045%7-day average +0.093% · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.203%−$20 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.045%, 7d avg +0.093%

Together, before fees−0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hyperliquid is 0.048% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	30.665	L +0.0427% / S −0.0176%	pay 0.0053% / 1h	59m 44s	$535K	—	100x
Short	Hyperliquid VVV	30.679	0.0100	get 0.0013% / 1h	59m 44s	$69.2M	$48.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$68.57
Price spread: +0.045% → +0.093%: −$4.81
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$94.38
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: 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 Hyperliquid live order book, 4 min ago	1.96 bp	10.8 bp −$11	doesn't fit	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	−0.0417%	1h	30.662	−0.009%	$377K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.723	+0.189%	$143K	$1.2M	25x	as long as short
Polymarket Perps VVV-USD	−0.0087%	1h	30.671	+0.019%	$112K	$1.4M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.660	−0.018%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.666	+0.004%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.027%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.680	+0.049%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.711	+0.150%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.704	+0.127%	$447K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.682	+0.056%	$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	30.706	+0.135%	$134K	$870K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	30.679	+0.045%	$69.2M	$48.8M	3x
Aster VVVUSDT	+0.0100%	4h	30.682	+0.054%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.706	+0.133%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.672	+0.022%	$33.0M	$124.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.652	−0.041%	$38.0M	$42.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.681	+0.052%	$4.8M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.658	−0.023%	$10.6M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.661	−0.013%	$6.3M	$5.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.662	−0.010%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.641	−0.079%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.668	+0.009%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.620	−0.147%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.655	−0.033%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.640	−0.082%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.652	−0.042%	$293K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.650	−0.050%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	30.620	−0.148%	$76K	$334K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.664	−0.004%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0154%	4h	30.653	−0.039%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0291%	8h	30.747	+0.267%	$95K	$5.6M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0323%	1h	30.669	+0.011%	$120K	$240K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0427% / S −0.0176%	1h	30.665	long leg	$535K	—	100x