Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.116%

Price spread now: Backpack against Paradex+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.081% dearer against Paradex than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	32.043	0.0100	pay 0.0100% / 8h	25m 02s	$3K	$106	5x
Short	Backpack VVV_USDC_PERP	32.069	0.0131	get 0.0016% / 1h	25m 02s	$124K	$360K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now +0.081%Rate

Funding earned: $6.52
Price spread: +0.081% → 0.000%: $8.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: $0.64
Costs to cover: 0.140%
Break-even: 6.3 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 54 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 54 min ago	2.36 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kalshi KXVVVPERP	0.0000%	8h	32.044	+0.002%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.028	−0.049%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.035	−0.026%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0028%	1h	32.000	−0.135%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.424%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.021	−0.070%	$394K	$604K	5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	32.011	−0.101%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.072	+0.090%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.053	+0.030%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.033	−0.031%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.070	+0.083%	$74.3M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.056	+0.040%	$263K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.058	+0.045%	$192K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.029	−0.044%	$33.5M	$156.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.010	−0.103%	$39.3M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.011	−0.101%	$4.6M	$42.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.036	−0.023%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.060	+0.052%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.044	+0.002%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.031	−0.039%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.054	+0.033%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.110	+0.207%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.052	+0.025%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.076	+0.102%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	32.043	long leg	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	32.037	−0.021%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.071	+0.085%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.120	+0.239%	$80K	$332K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.110	+0.208%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERPshort	+0.0131%	1h	32.069	+0.081%	$124K	$360K	5x
BloFin VVV-USDT	+0.0132%	4h	32.049	+0.017%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0173%	1h	32.026	−0.054%	$616K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.731%	$242K	$1.3M	25x	as long as short