Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.112%

Price spread now: Backpack against Aster+0.048%45s7-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—prices read too far apart to compare

costs, in and out, $10k−$620.622% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.577%+$58 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.048%, 7d avg +0.063%

Together, before fees+0.586%+ Points / potential airdropAster: Stage 5 · farm board+$59 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.912	0.0100	pay 0.0050% / 4h	5m 21s	$260K	$1.9M	10x
Short	Backpack VVV_USDC_PERP	31.927	0.0119	get 0.0015% / 1h	5m 21s	$124K	$348K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now +0.048%Rate

Funding earned: $4
Price spread: +0.048% → +0.063%: −$1.47
Slippage, 4 orders: −$44.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$59.71
Costs to cover: 0.622%
Break-even: 111.5 days

Slippage from Aster: live order book, 3 min ago; Backpack: live order book, 8 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 Aster live order book, 3 min ago	4.07 bp	10.7 bp −$11	46.1 bp −$461	doesn't fit	doesn't fit
Sell Backpack live order book, 8 min ago	3.50 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
Polymarket Perps VVV-USD	−0.0039%	1h	31.888	−0.074%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.909	−0.008%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.934	+0.071%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.911	−0.003%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.915	+0.010%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.847%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.912	0.000%	$392K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.912	+0.003%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.904	−0.024%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.919	+0.022%	$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	31.937	+0.081%	$74.1M	$55.3M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.912	long leg	$260K	$1.9M	10x
Pacifica VVV	+0.0100%	1h	31.933	+0.068%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.912	+0.001%	$33.4M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.926	+0.045%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.927	+0.049%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.898	−0.042%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.917	+0.017%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.914	+0.008%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.911	−0.002%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.930	+0.058%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.870	−0.131%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.920	+0.027%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.927	+0.049%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.916	+0.014%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.910	−0.004%	$300K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.920	+0.028%	$6K	$13K	3x	as long as short
Backpack VVV_USDC_PERPshort	+0.0119%	1h	31.927	+0.048%	$124K	$348K	5x
edgeX VVVUSDC	+0.0120%	4h	31.932	+0.063%	$79K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	+0.114%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0143%	4h	31.929	+0.055%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.912	+0.003%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.148%	$242K	$1.3M	25x	as long as short