Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.087%

Price spread now: Backpack against Binance+0.152%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Binance Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.616%+$62 on $10k

Price spread, last 4 days (all we have)−0.527%−$53 · spread now +0.152%, 7d avg +0.043%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.109% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	30.794	0.0100	pay 0.0050% / 4h	54m 36s	$32.7M	$134.4M	25x
Short	Backpack VVV_USDC_PERP	30.841	0.0412	get 0.0051% / 1h	54m 36s	$120K	$269K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now +0.152%Rate

Funding earned: $65.43
Price spread: +0.152% → +0.043%: $10.87
Slippage, 4 orders: −$42.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $14.17
Costs to cover: 0.621%
Break-even: 5.5 days

Slippage from Binance: live order book, 3 min ago; Backpack: 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 Binance live order book, 3 min ago	0.16 bp	14.4 bp −$14	46.4 bp −$464	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	2.74 bp	13.7 bp −$14	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
RISEx VVV/USDC	−0.0299%	1h	30.767	−0.090%	$377K	$644K	5x	as long as short
Polymarket Perps VVV-USD	−0.0031%	1h	30.813	+0.061%	$126K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0008%	1h	30.780	−0.046%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.821	+0.086%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.825	+0.100%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0018%	4h	30.800	+0.019%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.578%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.667	−0.414%	$150K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.789	−0.018%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.788	−0.020%	$455K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.785	−0.031%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.796	+0.004%	$112K	$859K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.802	+0.025%	$70.6M	$49.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.783	−0.037%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.813	+0.062%	$182K	$134K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	30.794	long leg	$32.7M	$134.4M	25x
Bybit VVVUSDT	+0.0100%	4h	30.774	−0.065%	$38.2M	$45.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.795	+0.003%	$4.7M	$35.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.799	+0.016%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.767	−0.088%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.780	−0.046%	$5.7M	$7.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.803	+0.029%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.857	+0.204%	$1.9M	$279K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.812	+0.057%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.823	+0.093%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.788	−0.020%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.826	+0.103%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	30.751	−0.140%	$76K	$333K	10x	as long as short
Phoenix VVV	+0.0153%	1h	30.840	+0.149%	$36K	$253K	5x	as long as short
BloFin VVV-USDT	+0.0159%	4h	30.835	+0.132%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0166%	8h	30.860	+0.214%	$98K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.816	+0.071%	$556K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0412%	1h	30.841	+0.152%	$120K	$269K	5x