Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Derive+0.136%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.136% dearer against Derive than usual: you sell high and buy low, +$14 on $10k if it 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	Derive VVV-PERP	31.242	0.0100	pay 0.0013% / 1h	59m 12s	$3K	$3K	5x
Short	Nado VVV-PERP	31.284	0.0100	get 0.0012% / 1h	59m 12s	$162K	$898K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Derive. 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 DerivebpFee NadobpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → 0.000%: $13.6
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $0.6
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Nado: live order book, 49 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 Derive no order-book sample	—	—	—	—	—
Sell Nado live order book, 49 min ago	12.38 bp	19.3 bp −$19	76.0 bp −$760	doesn't fit	doesn't fit

Derive: 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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.194	−0.152%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.255	+0.044%	$383K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.246	+0.014%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.262	+0.064%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.053%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	31.255	+0.043%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.239	−0.007%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.262	+0.066%	$459K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.250	+0.028%	$3K	$73	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.284	+0.136%	$162K	$898K	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.296	+0.174%	$70.4M	$48.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.287	+0.147%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.306	+0.208%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.271	+0.094%	$33.8M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.250	+0.027%	$38.5M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.269	+0.088%	$4.9M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.263	+0.069%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.276	+0.110%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.268	+0.085%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.259	+0.056%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.279	+0.120%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.291	+0.159%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.246	+0.014%	$121K	$1.4M	3x	as long as short
Derive VVV-PERPlong	+0.0100%	1h	31.242	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.255	+0.043%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.256	+0.048%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.268	+0.084%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.271	+0.094%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.345	+0.330%	$78K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0126%	8h	31.260	+0.059%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.393	+0.485%	$33K	$231K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0388%	1h	31.302	+0.192%	$149K	$264K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0199%	1h	31.251	+0.029%	$500K	—	100x	as long as short