Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.108%

Price spread now: Aster against Backpack−0.225%7-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−$71as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.570%−$57 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.225%, 7d avg −0.068%

Together, before fees−0.273%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.157% cheaper against Backpack than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.064	0.0273	pay 0.0034% / 1h	19m 33s	$122K	$381K	5x
Short	Aster VVVUSDT	31.992	0.0100	get 0.0050% / 4h	2h 19m	$279K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now −0.225%Rate

Funding earned: −$36.32
Price spread: −0.225% → −0.068%: −$15.75
Slippage, 4 orders: −$37.13
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.2
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; Aster: live order book, 4 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 Backpack live order book, 4 min ago	3.23 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.28 bp	15.4 bp −$15	54.2 bp −$542	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
Kalshi KXVVVPERP	0.0000%	8h	32.017	−0.148%	$121K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.036	−0.089%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.025	−0.121%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.357%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	31.985	−0.247%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.978	−0.269%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.976	−0.274%	$393K	$576K	5x	as long as short
Polymarket Perps VVV-USD	+0.0092%	1h	31.949	−0.360%	$143K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	31.992	−0.225%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.008	−0.176%	$478K	$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	31.983	−0.255%	$148K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.077	+0.040%	$73.2M	$54.2M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	31.992	−0.225%	$279K	$1.8M	10x
Pacifica VVV	+0.0100%	1h	32.006	−0.183%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.982	−0.257%	$33.8M	$154.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.959	−0.329%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.967	−0.303%	$4.8M	$41.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.987	−0.241%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.015	−0.154%	$17.2M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.985	−0.247%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.986	−0.244%	$5.8M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.984	−0.250%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.953	−0.346%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.024	−0.124%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.990	−0.232%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.998	−0.208%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.976	−0.276%	$320K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.035	−0.091%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0107%	4h	31.976	−0.275%	$1.3M	$1.7M	25x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.978	−0.269%	$79K	$331K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.024	−0.126%	$560K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.001	−0.198%	$205K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERPlong	+0.0273%	1h	32.064	long leg	$122K	$381K	5x