Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.107%

Price spread now: Gate against Backpack+0.012%7-day average −0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$850.849% of the position

Long on Backpack Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.778%−$78 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.012%, 7d avg −0.139%

Together, before fees−0.915%−$91 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.151% dearer against Backpack than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.139%): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	30.834	0.0100	pay 0.0013% / 1h	57m 58s	$122K	$249K	5x
Short	Gate VVV_USDT	30.838	−0.0144	pay 0.0072% / 4h	3h 57m	$10.3M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$51.24
Price spread: +0.012% → −0.139%: $15.06
Slippage, 4 orders: −$59.87
Fee Backpack: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$121.05
Costs to cover: 0.849%
Break-even: never at this rate

Slippage from Backpack: live order book, 60 min ago; Gate: live order book, 1 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, 60 min ago	2.74 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	7.80 bp	23.6 bp −$24	116.2 bp −$1,162	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	30.771	−0.205%	$378K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0219%	1h	30.783	−0.167%	$128K	$1.2M	3x	as long as short
Gate VVV_USDTshort	−0.0144%	4h	30.838	+0.012%	$10.3M	$5.7M	25x
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	−0.006%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.761	−0.237%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.794	−0.130%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.440%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	30.763	−0.231%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.777	−0.186%	$450K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.784	−0.162%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.825	−0.032%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.820	−0.047%	$70.3M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.846	+0.037%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.859	+0.080%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.830	−0.014%	$33.1M	$128.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.804	−0.100%	$38.3M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.816	−0.060%	$4.8M	$32.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.825	−0.030%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.816	−0.060%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.810	−0.079%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.854	+0.064%	—	$5.0M	—	as long as short
Backpack VVV_USDC_PERPlong	+0.0100%	1h	30.834	long leg	$122K	$249K	5x
Variational Omni VVV	+0.0100%	4h	30.997	+0.526%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.767	−0.220%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.775	−0.193%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.817	−0.058%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.836	+0.005%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	30.986	+0.493%	$77K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	30.795	−0.128%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0139%	8h	30.827	−0.024%	$106K	$5.6M	1.7x	as long as short
BloFin VVV-USDT	+0.0151%	4h	30.898	+0.206%	$1.3M	$1.6M	25x	as long as short
Phoenix VVV	+0.0182%	1h	31.038	+0.660%	$32K	$245K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.787	−0.153%	$540K	—	100x	as long as short