In this paper, a new video watermarking algorithm using 3D wavelet transform and position encoding of spread spectrum correlation is proposed as a method for ensuring enough payload in order to protect copyright for video contents. This algorithm provides better robustness than other watermarking methods in bit error and rotation because it uses the position encoding and $4{ imes}4$ sample space instead of $1{ imes}1$ pixel to express a digit. The evaluation result over 6 video clips shows that the PSNR is over 31dB at strength 11 when histogram is narrow and it satisfies the transparency. Also, it shows the robustness of the proposed watermark algorithm that the BER is 0% to three codecs.