Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.091%

Price spread now: Paradex against GMX+0.015%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	32.671	L +0.0190% / S +0.0135%	pay 0.0024% / 1h	44m 55s	$594K	—	100x
Short	Paradex VVV-USD-PERP	32.675	0.0100	get 0.0100% / 8h	1h 44m	$3K	$106	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$18.85
Price spread: +0.015% → 0.000%: $1.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$33.39
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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	32.682	+0.035%	$105K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.665	−0.016%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.650	−0.063%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.458%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0072%	4h	32.728	+0.176%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.682	+0.036%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.671	+0.002%	$489K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.696	+0.078%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.670	0.000%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.678	+0.024%	$276K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.669	−0.003%	$188K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.726	+0.170%	$34.4M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.709	+0.118%	$40.3M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.706	+0.109%	$4.8M	$43.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.693	+0.069%	$11.1M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.719	+0.148%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.670	−0.002%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.698	+0.084%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.715	+0.136%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.517	−0.469%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.665	−0.017%	$142K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.666	−0.012%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.653	−0.054%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	32.675	+0.015%	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	32.709	+0.119%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.650	−0.063%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.559	−0.342%	$81K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.547	−0.380%	$198K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.661	−0.028%	$400K	$592K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0190% / S +0.0135%	1h	32.671	long leg	$594K	—	100x
Backpack VVV_USDC_PERP	+0.0308%	1h	32.709	+0.118%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0496%	1h	32.701	+0.093%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0738%	1h	32.767	+0.295%	$76.4M	$55.3M	3x	as long as short