Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.107%

Price spread now: Backpack against Bitget+0.053%7-day average +0.125% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.677%+$68 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.053%, 7d avg +0.125%

Together, before fees+0.717%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.125%). If the spread goes back, that is −$7 on $10k: about 3.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.677% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	30.736	0.0100	pay 0.0050% / 4h	32m 08s	$5.7M	$7.5M	20x
Short	Backpack VVV_USDC_PERP	30.752	0.0163	get 0.0020% / 1h	32m 08s	$119K	$253K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now +0.053%Rate

Funding earned: $13.28
Price spread: +0.053% → +0.125%: −$7.16
Slippage, 4 orders: −$52.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$68.28
Costs to cover: 0.744%
Break-even: 43.0 days

Slippage from Bitget: live order book, 1 min ago; Backpack: live order book, 26 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 Bitget live order book, 1 min ago	5.04 bp	19.6 bp −$20	66.2 bp −$662	doesn't fit	doesn't fit
Sell Backpack live order book, 26 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	30.685	−0.167%	$376K	$626K	5x	as long as short
Polymarket Perps VVV-USD	−0.0109%	1h	30.680	−0.182%	$128K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0095%	1h	30.719	−0.055%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.730	−0.021%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.696	−0.130%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.780%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0034%	4h	30.729	−0.023%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	+0.104%	$144K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0089%	4h	30.722	−0.046%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.733	−0.010%	$2.0M	$5.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.737	+0.003%	$449K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.803	+0.219%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.721	−0.047%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.744	+0.024%	$70.1M	$49.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.713	−0.075%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.789	+0.173%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.737	+0.002%	$32.8M	$130.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.723	−0.042%	$38.2M	$43.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.741	+0.016%	$4.8M	$33.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.748	+0.039%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.749	+0.042%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	30.736	long leg	$5.7M	$7.5M	20x
BingX VVV-USDT	+0.0100%	4h	30.752	+0.052%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	−0.211%	$1.9M	$306K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.723	−0.042%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.746	+0.033%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.765	+0.095%	$76K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.727	−0.031%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.725	−0.035%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0154%	8h	30.807	+0.231%	$97K	$5.7M	1.7x	as long as short
Backpack VVV_USDC_PERPshort	+0.0163%	1h	30.752	+0.053%	$119K	$253K	5x
Phoenix VVV	+0.0182%	1h	30.774	+0.124%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0174%	1h	30.712	−0.078%	$538K	—	100x	as long as short