Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h −0.078%

Price spread now: edgeX against Backpack−0.596%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.596%−$60 on $10k

Price spread, last 4 days (all we have)+0.581%+$58 · spread now −0.596%, 7d avg −0.028%

Together, before fees−0.015%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.568% cheaper against Backpack than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	30.786	0.0266	pay 0.0033% / 1h	43m 19s	$120K	$258K	5x
Short	edgeX VVVUSDC	30.603	0.0112	get 0.0056% / 4h	43m 19s	$76K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.596%Rate

Funding earned: −$32.41
Price spread: −0.596% → −0.028%: −$56.8
Slippage, 4 orders: −$96.85
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$205.05
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from Backpack: live order book, 15 min ago; edgeX: live order book, 15 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, 15 min ago	2.74 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 15 min ago	0.81 bp	41.3 bp −$41	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	−0.0299%	1h	30.721	−0.211%	$377K	$634K	5x	as long as short
Polymarket Perps VVV-USD	−0.0089%	1h	30.722	−0.208%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.718	−0.221%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.732	−0.177%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0030%	4h	30.728	−0.188%	$10.3M	$5.9M	25x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.752	−0.110%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.607%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.533	−0.821%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.714	−0.233%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.787	+0.003%	$450K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.752	−0.110%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.728	−0.187%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.727	−0.192%	$70.1M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.767	−0.062%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.786	+0.001%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.733	−0.172%	$32.7M	$132.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.729	−0.185%	$38.2M	$44.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.744	−0.136%	$4.8M	$34.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.744	−0.136%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.752	−0.110%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.707	−0.257%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.728	−0.188%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.564%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.719	−0.217%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.738	−0.156%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.721	−0.213%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.779	−0.021%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0112%	4h	30.603	−0.596%	$76K	$335K	10x
BloFin VVV-USDT	+0.0133%	4h	30.723	−0.205%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0160%	8h	30.766	−0.065%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.720	−0.216%	$554K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.622	−0.533%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERPlong	+0.0266%	1h	30.786	long leg	$120K	$258K	5x