Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bybit−0.017%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.692%+$69 · spread now −0.017%, 7d avg +0.078%

Together, before fees+0.698%+ Points / potential airdropNado: Active · farm board+$70 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.095% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.722	0.0100	pay 0.0050% / 4h	41m 30s	$38.7M	$40.3M	20x
Short	Nado VVV-PERP	31.716	0.0100	get 0.0012% / 1h	41m 30s	$164K	$943K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.078%: −$9.5
Slippage, 4 orders: −$52.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$79.85
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 62 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 Bybit live order book, 2 min ago	1.90 bp	20.3 bp −$20	48.1 bp −$481	doesn't fit	doesn't fit
Sell Nado live order book, 62 min ago	5.72 bp	15.5 bp −$15	33.3 bp −$333	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	−0.0337%	1h	31.698	−0.075%	$389K	$660K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.520	−0.635%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.710	−0.038%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.737	+0.046%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.755	+0.103%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.461%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.693	−0.091%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.689	−0.104%	$466K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.694	−0.089%	$3K	$73	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.716	−0.017%	$164K	$943K	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.760	+0.120%	$71.1M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.737	+0.047%	$251K	$661K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.708	−0.044%	$187K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.737	+0.047%	$33.9M	$114.8M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.722	long leg	$38.7M	$40.3M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.728	+0.019%	$4.9M	$28.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.707	−0.047%	$11.7M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.731	+0.028%	$7.0M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.698	−0.076%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.718	−0.013%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.736	+0.044%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.569	−0.481%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.710	−0.038%	$123K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.742	+0.063%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.733	+0.035%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.708	−0.044%	$302K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.731	+0.029%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.632	−0.284%	$79K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0147%	4h	31.647	−0.236%	$1.4M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0168%	1h	31.725	+0.009%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.640	−0.258%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0210%	1h	31.751	+0.090%	$510K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0452%	1h	31.776	+0.170%	$164K	$274K	5x	as long as short