Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.111%

Price spread now: Backpack against Aster−0.090%45s7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.625% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.574%+$57 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.090%, 7d avg +0.068%

Together, before fees+0.654%+ Points / potential airdropAster: Stage 5 · farm board+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.157% cheaper against Aster than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.068%). If the spread goes back, that is −$16 on $10k: about 3.7 days of funding at the current rate (+$4 a day). At the pace of the last 5 days (+0.574% in total) that is about 35 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	32.101	0.0100	pay 0.0050% / 4h	1h 24m	$266K	$1.9M	10x
Short	Backpack VVV_USDC_PERP	32.072	0.0241	get 0.0030% / 1h	24m 24s	$121K	$377K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.090%Rate

Funding earned: $29.57
Price spread: −0.090% → +0.068%: −$15.73
Slippage, 4 orders: −$44.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$48.64
Costs to cover: 0.625%
Break-even: 18.5 days

Slippage from Aster: live order book, 4 min ago; Backpack: live order book, 59 min ago.

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 Aster live order book, 4 min ago	4.64 bp	15.3 bp −$15	49.3 bp −$493	doesn't fit	doesn't fit
Sell Backpack live order book, 59 min ago	3.23 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit

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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.064	−0.117%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.092	−0.028%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.240%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0074%	4h	32.078	−0.072%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.141	+0.123%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.128	+0.084%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.033	−0.212%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.100	−0.002%	$148K	$783K	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	32.101	long leg	$266K	$1.9M	10x
Pacifica VVV	+0.0100%	1h	32.143	+0.131%	$184K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.080	−0.065%	$33.5M	$157.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.044	−0.176%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.060	−0.128%	$4.7M	$42.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.086	−0.047%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.106	+0.016%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.103	+0.006%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.097	−0.012%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.088	−0.041%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	−0.073%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.076	−0.078%	$135K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.059	−0.131%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	−0.078%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.123	+0.067%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.289	+0.586%	$80K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	32.018	−0.259%	$105K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.094	−0.021%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.060	−0.127%	$6K	$13K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	31.773	−1.023%	$156K	$1.2M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.100	−0.002%	$394K	$597K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.083	−0.057%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0241%	1h	32.072	−0.090%	$121K	$377K	5x
01 Exchange VVVUSD	+0.0408%	1h	32.104	+0.009%	$11K	$3K	3x	as long as short
Hyperliquid VVV	+0.0440%	1h	32.105	+0.012%	$74.5M	$56.0M	3x	as long as short