Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.112%

Price spread now: Aster against Backpack+0.001%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−$56as in the Price arb table

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

Long on Backpack Short on Aster

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)−0.058%−$6 · spread now +0.001%, 7d avg −0.063%

Together, before fees−0.635%+ Points / potential airdropAster: Stage 5 · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.064% dearer against Backpack than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.063%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 5 days (−0.577% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	31.965	0.0118	pay 0.0015% / 1h	3m 30s	$124K	$348K	5x
Short	Aster VVVUSDT	31.965	0.0100	get 0.0050% / 4h	3m 30s	$261K	$1.9M	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 +0.001%Rate

Funding earned: −$3.81
Price spread: +0.001% → −0.063%: $6.4
Slippage, 4 orders: −$44.24
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$59.64
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Backpack: live order book, 10 min ago; Aster: live order book, 5 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, 10 min ago	3.50 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	4.07 bp	14.5 bp −$15	51.0 bp −$510	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	31.943	−0.068%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.975	+0.032%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.935	−0.093%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.925	−0.125%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.941	−0.074%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.676%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.973	+0.026%	$393K	$601K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.928	−0.115%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.924	−0.127%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.983	+0.056%	$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	31.994	+0.092%	$74.2M	$55.3M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	31.965	+0.001%	$261K	$1.9M	10x
Pacifica VVV	+0.0100%	1h	31.950	−0.046%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.971	+0.021%	$33.5M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.977	+0.038%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.983	+0.057%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.961	−0.012%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.976	+0.035%	$6.5M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.944	−0.065%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.957	−0.024%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.980	+0.048%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.870	−0.297%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.933	−0.101%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.946	−0.059%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.932	−0.103%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.972	+0.022%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.933	−0.099%	$6K	$13K	3x	as long as short
Backpack VVV_USDC_PERPlong	+0.0118%	1h	31.965	long leg	$124K	$348K	5x
edgeX VVVUSDC	+0.0120%	4h	31.932	−0.103%	$79K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.052%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0143%	4h	31.929	−0.112%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.933	−0.099%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.979%	$242K	$1.3M	25x	as long as short