Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.138%

Price spread now: Gate against Backpack−0.028%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on Backpack Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.784%−$78 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.028%, 7d avg −0.140%

Together, before fees−0.894%−$89 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.111% dearer against Backpack than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.232	0.0100	pay 0.0013% / 1h	36m 46s	$122K	$358K	5x
Short	Gate VVV_USDT	32.223	0.0100	get 0.0050% / 4h	36m 46s	$10.8M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.140%: $11.13
Slippage, 4 orders: −$55.71
Fee Backpack: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$69.58
Costs to cover: 0.807%
Break-even: never at this rate

Slippage from Backpack: live order book, 42 min ago; Gate: live order book, 2 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, 42 min ago	2.36 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.36 bp	27.5 bp −$27	136.1 bp −$1,361	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	−0.0035%	1h	32.229	−0.008%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.249	+0.052%	$113K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.246	+0.042%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.824%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0034%	1h	32.216	−0.050%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.234	+0.005%	$396K	$603K	5x	as long as short
BloFin VVV-USDT	+0.0046%	4h	32.237	+0.015%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.233	+0.003%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.227	−0.017%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.203	−0.090%	$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	32.237	+0.017%	$161K	$833K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.259	+0.085%	$74.7M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.245	+0.041%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.236	+0.013%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.218	−0.044%	$33.7M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.206	−0.081%	$39.5M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.203	−0.090%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDTshort	+0.0100%	4h	32.223	−0.028%	$10.8M	$7.5M	25x
MEXC VVV_USDT	+0.0100%	4h	32.220	−0.038%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.234	+0.006%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.241	+0.028%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.233	+0.003%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERPlong	+0.0100%	1h	32.232	long leg	$122K	$358K	5x
Variational Omni VVV	+0.0100%	4h	32.185	−0.145%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.235	+0.008%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.235	+0.009%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.227	−0.015%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.222	−0.031%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.245	+0.039%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	32.231	−0.002%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.246	+0.043%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0182% / S +0.0172%	1h	32.237	+0.014%	$620K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.141%	$242K	$1.3M	25x	as long as short