Fearless Gigi! The supermodel dived into the ocean for a mag cover

The supermodel is making waves on the adrenaline-filled cover of V Magazine.

Gigi Hadid slipped into a sporty avatar as she flaunted her athletic chops on V Magazine's July cover. 

From swimming underwater, riding a jet ski and cruising in a dune buggy, Gigi looks fearless and raring, as she showcases her competitive spirit. 

Interviewed by tennis star Serena Williams for the cover story, the supermodel has bared her soul in a revealing interview with the mag. 

'I had the honor to interview my girl @gigihadid for @vmagazine's July edition, check it out!' Serena wrote on Instagram.

Titled 'Fearless Gigi', the cover highlights Gigi has a hardcore athlete -- she played volleyball in high school and is hugely passionate about equestrian sports.

'I get to work with horses a lot for shoots and that always makes my day,' she told the mag.

'Bella (Hadid) and I recently got horses again and ride at our farm whenever we aren't working.

'Having that as a getaway is such a blessing. I would love to compete again one day when I have more time,' she added.

When quizzed about working in the same industry as her sister Bella, here's what Gigi had to say:'I absolutely love it.

'It's very rare to have what Bella and I have in fashion, what you (Serena Williams) and Venus have in tennis.'

'I feel very lucky to be able to have a piece of home in my work environment,' she added.

'We are each other's biggest fans.

'It has been a huge joy of my life to watch my little sister flourish, and to help when I can!'