Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0318%/8h= +34.8% APRpaid last 24h +0.115%

Price spread now: Backpack against Gate+0.145%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.773%+$77 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.145%, 7d avg +0.137%

Together, before fees+0.752%+$75 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.137%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	31.411	−0.0050	get 0.0025% / 4h	2h 12m	$10.5M	$7.1M	25x
Short	Backpack VVV_USDC_PERP	31.456	0.0268	get 0.0033% / 1h	12m 05s	$122K	$316K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.145%Rate

Funding earned: $66.73
Price spread: +0.145% → +0.137%: $0.83
Slippage, 4 orders: −$58.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$15.78
Costs to cover: 0.833%
Break-even: 8.7 days

Slippage from Gate: live order book, 1 min ago; Backpack: live order book, 56 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 Gate live order book, 1 min ago	6.69 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 56 min ago	2.44 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.410	−0.002%	$385K	$640K	5x	as long as short
Gate VVV_USDTlong	−0.0050%	4h	31.411	long leg	$10.5M	$7.1M	25x
Deribit VVV_USDC-PERPETUAL	−0.0020%	1h	31.426	+0.048%	$87K	$24K	10x	as long as short
Polymarket Perps VVV-USD	−0.0017%	1h	31.414	+0.010%	$134K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.546	+0.430%	$42K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.429	+0.059%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.486%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.423	+0.039%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.414	+0.010%	$464K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.418	+0.021%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.428	+0.056%	$130K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.459	+0.153%	$72.5M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.434	+0.073%	$254K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.450	+0.123%	$188K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.429	+0.058%	$33.4M	$148.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.421	+0.032%	$38.5M	$50.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.430	+0.060%	$4.7M	$39.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.442	+0.099%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.402	−0.029%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.424	+0.041%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.445	+0.108%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.525	+0.363%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.426	+0.047%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.479	+0.216%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.530	+0.379%	$78K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.428	+0.055%	$297K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.402	−0.030%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0110%	8h	31.452	+0.131%	$113K	$6.4M	1.7x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.435	+0.076%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.425	+0.044%	$568K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.519	+0.343%	$147K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERPshort	+0.0268%	1h	31.456	+0.145%	$122K	$316K	5x