Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.079%

Price spread now: Variational Omni against GMX−0.440%7-day average +0.005% · you buy dearer than you sell

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

Long on GMX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.388%−$39 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.440%, 7d avg +0.005%

Together, before fees−0.154%+ Points / potential airdropVariational Omni: Active · farm board−$15 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 Variational Omni is 0.445% cheaper against GMX than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX VVV/USD [ETH-USDC]	31.296	L +0.0426% / S −0.0199%	pay 0.0053% / 1h	55m 13s	$501K	—	100x
Short	Variational Omni VVV	31.158	0.0100	get 0.0050% / 4h	1h 55m	$1.9M	$355K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.440%Rate

Funding earned: −$68.4
Price spread: −0.440% → +0.005%: −$44.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$124.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago	4.48 bp	doesn't fit	48.9 bp −$489	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.204	−0.292%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.283	−0.039%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.303	+0.023%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.306	+0.034%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.297	+0.004%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.871%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.281	−0.046%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.290	−0.018%	$459K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.302	+0.019%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.301	+0.019%	$162K	$897K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.332	+0.116%	$70.5M	$48.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.325	+0.094%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.305	+0.031%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.300	+0.014%	$33.8M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.267	−0.090%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.280	−0.050%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.298	+0.008%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.312	+0.052%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.296	+0.001%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.298	+0.008%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.297	+0.004%	—	$4.9M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.158	−0.440%	$1.9M	$355K	—
Polymarket Perps VVV-USD	+0.0100%	1h	31.285	−0.034%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.295	−0.003%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.290	−0.018%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.304	+0.025%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.315	+0.062%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0116%	8h	31.306	+0.033%	$95K	$5.5M	1.7x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.281	−0.047%	$78K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0122%	4h	31.311	+0.049%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	31.283	−0.040%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]long	L +0.0426% / S −0.0199%	1h	31.296	long leg	$501K	—	100x
Backpack VVV_USDC_PERP	+0.0484%	1h	31.320	+0.079%	$149K	$264K	5x	as long as short