Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0198%/8h= −21.6% APRpaid last 24h −0.099%

Price spread now: Aster against Backpack+0.127%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.579%−$58 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.127%, 7d avg −0.063%

Together, before fees−0.696%+ Points / potential airdropAster: Stage 5 · farm board−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.190% dearer against Backpack than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.063%): +$19 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	30.573	0.0298	pay 0.0037% / 1h	9m 33s	$119K	$243K	5x
Short	Aster VVVUSDT	30.612	0.0100	get 0.0050% / 4h	3h 09m	$243K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$41.51
Price spread: +0.127% → −0.063%: $19.02
Slippage, 4 orders: −$45.3
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$85.79
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Backpack: live order book, 44 min ago; Aster: live order book, 3 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, 44 min ago	2.27 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.77 bp	20.7 bp −$21	58.5 bp −$585	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	−0.0417%	1h	30.566	−0.023%	$375K	$645K	5x	as long as short
Polymarket Perps VVV-USD	−0.0110%	1h	30.553	−0.066%	$124K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.226%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.571	−0.006%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.583	+0.031%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.349%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	30.665	+0.300%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.584	+0.035%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.581	+0.027%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.590	+0.055%	$446K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.573	+0.001%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.593	+0.063%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.587	+0.045%	$69.0M	$48.7M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	30.612	+0.127%	$243K	$1.1M	10x
Pacifica VVV	+0.0100%	1h	30.595	+0.072%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.598	+0.082%	$32.9M	$125.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.589	+0.053%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.582	+0.029%	$4.8M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.564	−0.030%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.593	+0.065%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.583	+0.032%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.568	−0.017%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.594	+0.068%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	+0.206%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.574	+0.002%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.583	+0.032%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.587	+0.047%	$293K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.596	+0.074%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.684	+0.363%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.651	+0.254%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0281%	8h	30.597	+0.078%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERPlong	+0.0298%	1h	30.573	long leg	$119K	$243K	5x
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.565	−0.028%	$533K	—	100x	as long as short