Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.116%

Price spread now: Paradex against Backpack−0.026%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.026% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	31.920	0.0126	pay 0.0016% / 1h	7m 21s	$124K	$348K	5x
Short	Paradex VVV-USD-PERP	31.911	0.0100	get 0.0100% / 8h	7m 21s	$3K	$106	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$5.47
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.05
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 6 min ago; Paradex: 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 Backpack live order book, 6 min ago	3.50 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Deribit VVV_USDC-PERPETUAL	−0.0239%	1h	31.904	−0.048%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0033%	1h	31.890	−0.093%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.890	−0.093%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.902	−0.055%	$107K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.928	+0.025%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.821%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.894	−0.080%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.907	−0.040%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.893	−0.084%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.901	−0.060%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.942	+0.070%	$74.1M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.910	−0.029%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.927	+0.024%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.923	+0.010%	$33.5M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.922	+0.006%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.924	+0.013%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.907	−0.040%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.931	+0.035%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.914	−0.018%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.906	−0.043%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.920	+0.001%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.830	−0.280%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.914	−0.018%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.910	−0.030%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.911	−0.026%	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	31.896	−0.073%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.904	−0.048%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	31.900	−0.062%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.888	−0.098%	$79K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.884	−0.112%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERPlong	+0.0126%	1h	31.920	long leg	$124K	$348K	5x
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.919	−0.004%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.122%	$242K	$1.3M	25x	as long as short