VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.24 per $10,000 · paid last 24h +0.119%

Price spread now: Backpack against Polymarket Perps+0.095%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Polymarket Perps Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.780%+$78 on $10k

Price spread, last 4 days (all we have)−0.449%−$45 · spread now +0.095%, 7d avg +0.037%

Together, before fees+0.331%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Backpack is 0.058% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	31.048	0.0024	pay 0.0003% / 1h	32m 45s	$134K	$1.2M	3x
Short	Backpack VVV_USDC_PERP	31.078	0.0215	get 0.0027% / 1h	32m 45s	$112K	$305K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Polymarket Perps. 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 Polymarket PerpsbpFee BackpackbpOrdersPrice spread, now +0.095%Rate

Funding earned: $40.14
Price spread: +0.095% → +0.037%: $5.81
Slippage, 4 orders: −$28.96
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1.01
Costs to cover: 0.470%
Break-even: 7.2 days

Slippage from Polymarket Perps: live order book, just now; Backpack: live order book, 31 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 Polymarket Perps live order book, just now	3.22 bp	7.2 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Backpack live order book, 31 min ago	3.22 bp	16.9 bp −$17	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	−0.0152%	1h	31.037	−0.035%	$381K	$642K	5x	as long as short
Gate VVV_USDT	−0.0100%	4h	31.029	−0.061%	$10.4M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.046	−0.007%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.050	+0.006%	$23K	—	150x	as long as short
Polymarket Perps VVV-USDlong	+0.0024%	1h	31.048	long leg	$134K	$1.2M	3x
01 Exchange VVVUSD	+0.0032%	1h	31.056	+0.026%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.707%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.053	+0.015%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.047	−0.003%	$459K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.050	+0.006%	$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	31.072	+0.076%	$132K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.037	−0.035%	$71.1M	$51.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.065	+0.055%	$251K	$1.7M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.068	+0.063%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.031	−0.055%	$33.0M	$145.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.015	−0.105%	$38.2M	$49.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.032	−0.052%	$4.8M	$38.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.040	−0.026%	$6.3M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.062	+0.045%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.015	−0.106%	$5.7M	$8.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.043	−0.016%	—	$5.3M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.176	+0.414%	$2.0M	$245K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.036	−0.038%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.067	+0.061%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.021	−0.088%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.061	+0.043%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.136	+0.282%	$77K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	31.060	+0.039%	$1.3M	$1.7M	25x	as long as short
Kalshi KXVVVPERP	+0.0144%	8h	31.076	+0.090%	$107K	$6.2M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.166	+0.380%	$38K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.105	+0.184%	$139K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.041	−0.021%	$560K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0215%	1h	31.078	+0.095%	$112K	$305K	5x