VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h −0.101%

Price spread now: GMX against Hyperliquid−0.046%7-day average −0.105% · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.046%, 7d avg −0.105%

Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.059% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.046% now, against its 7-day average of −0.105%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.084% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.084% in total (about -9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.299	0.0100	pay 0.0013% / 1h	48m 54s	$74.8M	$55.9M	3x
Short	GMX VVV/USD [ETH-USDC]	32.284	L +0.0183% / S +0.0170%	pay 0.0021% / 1h	48m 54s	$621K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$56.76
Price spread: −0.046% → −0.105%: $5.91
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$71.85
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; GMX: 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 Hyperliquid live order book, 5 min ago	0.62 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Polymarket Perps VVV-USD	0.0000%	1h	32.266	−0.102%	$147K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.344	+0.139%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.269	−0.092%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.297	−0.005%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.613%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.260	−0.121%	$396K	$604K	5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.282	−0.053%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.269	−0.093%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.295	−0.011%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.259	−0.124%	$479K	$1.6M	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	32.275	−0.076%	$136K	$815K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.299	long leg	$74.8M	$55.9M	3x
Aster VVVUSDT	+0.0100%	4h	32.297	−0.007%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.298	−0.002%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.314	+0.048%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.308	+0.028%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.311	+0.037%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.305	+0.019%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.324	+0.077%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.309	+0.031%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.302	+0.009%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.313	+0.043%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	+0.045%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.272	−0.083%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.271	−0.087%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.264	−0.108%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.308	+0.028%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.306	+0.021%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.318	+0.060%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.295	−0.012%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0127%	1h	32.300	+0.003%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0183% / S +0.0170%	1h	32.284	−0.046%	$621K	—	100x
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.066%	$242K	$1.3M	25x	as long as short