Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.106%

Price spread now: Backpack against Paradex+0.118%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 +$5 a day on $10k at the current rate, and Backpack is 0.118% dearer against Paradex than usual: you sell high and buy low: +$12 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	30.815	0.0100	pay 0.0100% / 8h	4h 40m	$3K	$73	5x
Short	Backpack VVV_USDC_PERP	30.851	0.0262	get 0.0033% / 1h	40m 44s	$120K	$255K	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 +0.118%Rate

Funding earned: $33.96
Price spread: +0.118% → 0.000%: $11.77
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: $31.74
Costs to cover: 0.140%
Break-even: 0.5 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 18 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, 18 min ago	2.74 bp	13.7 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
RISEx VVV/USDC	−0.0299%	1h	30.801	−0.045%	$378K	$632K	5x	as long as short
Polymarket Perps VVV-USD	−0.0072%	1h	30.802	−0.041%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.828	+0.043%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.833	+0.061%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0032%	4h	30.832	+0.056%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.508%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.831	+0.053%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	−0.151%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.829	+0.046%	$2.1M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.834	+0.063%	$451K	$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-PERPlong	+0.0100%	8h	30.815	long leg	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	30.813	−0.006%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.866	+0.166%	$70.4M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.870	+0.181%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.844	+0.094%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.844	+0.094%	$32.9M	$132.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.824	+0.030%	$38.3M	$44.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.842	+0.089%	$4.8M	$34.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.849	+0.111%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.867	+0.170%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.827	+0.040%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.832	+0.056%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.811	−0.013%	$1.9M	$296K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.822	+0.025%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.834	+0.063%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.816	+0.003%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.828	+0.043%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	30.831	+0.053%	$1.3M	$1.6M	25x	as long as short
edgeX VVVUSDC	+0.0111%	4h	30.728	−0.281%	$76K	$332K	10x	as long as short
Kalshi KXVVVPERP	+0.0160%	8h	30.812	−0.009%	$95K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.827	+0.039%	$555K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.825	+0.033%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERPshort	+0.0262%	1h	30.851	+0.118%	$120K	$255K	5x