Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0102%/8hpaid last 24h +0.016%

Price spread now: GMX against KuCoin−0.015%7-day average −0.017% · you buy dearer than you sell

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.015%, 7d avg −0.017%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, 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	KuCoin VVVUSDTM	31.842	0.0100	pay 0.0050% / 4h	53m 25s	$2.1M	$2.5M	20x
Short	GMX VVV/USD [ETH-USDC]	31.837	L +0.0444% / S −0.0202%	get 0.0025% / 1h	53m 25s	$529K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $21.46
Price spread: −0.015% → −0.017%: $0.2
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.34
Costs to cover: 0.240%
Break-even: 7.8 days

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	9.53 bp	35.6 bp −$36	623.3 bp −$6,233	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
Kalshi KXVVVPERP	0.0000%	8h	31.903	+0.192%	$131K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.845	+0.009%	$91K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.838	−0.014%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.071%	$2K	$1K	5.5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.863	+0.066%	$480K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.852	+0.030%	$149K	$784K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.859	+0.054%	—	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.854	+0.038%	$183K	$168K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.853	+0.035%	—	$151.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.831	−0.035%	$39.6M	$50.6M	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX VVV-USDT-SWAP	+0.0100%	4h	31.856	+0.044%	$4.8M	$40.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.835	−0.022%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.860	+0.057%	$16.8M	$6.7M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.842	long leg	$2.1M	$2.5M	20x
Bitget VVVUSDT	+0.0100%	4h	31.839	−0.009%	$5.9M	$8.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.848	+0.019%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.901	+0.185%	$2.1M	$184K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.840	−0.006%	$136K	$941K	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.838	−0.014%	$425	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.843	+0.003%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.857	+0.048%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.852	+0.033%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.858	+0.049%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.943	+0.317%	$79K	$327K	10x	as long as short
BloFin VVV-USDT	+0.0122%	4h	31.925	+0.261%	$1.4M	$1.6M	25x	as long as short
Lighter VVV	+0.0152%	1h	31.875	+0.103%	$2.2M	$5.4M	5x	as long as short
RISEx VVV/USDC	+0.0206%	1h	31.852	+0.031%	$394K	$598K	5x	as long as short
Phoenix VVV	+0.0225%	1h	31.933	+0.286%	$56K	$286K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.887	+0.141%	$198K	$1.1M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0438%	1h	31.870	+0.089%	$143K	$377K	5x	as long as short
GMX VVV/USD [ETH-USDC]short	L +0.0444% / S −0.0202%	1h	31.837	−0.015%	$529K	—	100x
01 Exchange VVVUSD	+0.0648%	1h	31.905	+0.198%	$11K	$3K	3x	as long as short
Hyperliquid VVV	+0.0894%	1h	31.891	+0.153%	$74.2M	$52.7M	3x	as long as short