Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%

Price spread now: Nado against Kalshi−0.033%7-day average +0.076% · 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−$72as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Kalshi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.033%, 7d avg +0.076%

Together, before fees+0.173%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.109% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.076%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.684	0	get 0.0000% / 8h	2h 47m	$117K	$6.5M	1.7x
Short	Nado VVV-PERP	31.673	0.0100	get 0.0012% / 1h	47m 51s	$125K	$851K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kalshi. 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 KalshibpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: $21
Price spread: −0.033% → +0.076%: −$10.88
Slippage, 4 orders: −$43.77
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.65
Costs to cover: 0.608%
Break-even: 23.9 days

Slippage from Kalshi: live order book, 1 min ago; Nado: live order book, 20 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 Kalshi live order book, 1 min ago	6.31 bp	15.2 bp −$15	24.6 bp −$246	doesn't fit	doesn't fit
Sell Nado live order book, 20 min ago	8.47 bp	20.4 bp −$20	84.3 bp −$843	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
Bybit VVVUSDT	−0.0235%	4h	31.632	−0.165%	$38.6M	$51.8M	20x	as long as short
Polymarket Perps VVV-USD	−0.0128%	1h	31.651	−0.104%	$144K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.667	−0.054%	$389K	$616K	5x	as long as short
Gate VVV_USDT	−0.0108%	4h	31.644	−0.126%	$10.6M	$7.0M	25x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.684	long leg	$117K	$6.5M	1.7x
Phoenix VVV	0.0000%	1h	31.638	−0.145%	$53K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.646	−0.121%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.659	−0.079%	$20K	—	150x	as long as short
Lighter VVV	+0.0032%	1h	31.610	−0.232%	$2.1M	$5.6M	5x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.677	−0.022%	$11K	$3K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.585%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0053%	4h	31.666	−0.057%	$1.3M	$1.8M	25x	as long as short
Lighter RH VVV	+0.0096%	1h	31.614	−0.221%	$467K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.671	−0.041%	$3K	$106	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.673	−0.033%	$125K	$851K	3x
Hyperliquid VVV	+0.0100%	1h	31.633	−0.161%	$73.0M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.659	−0.079%	$257K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.692	+0.025%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.638	−0.147%	$33.4M	$153.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.626	−0.183%	$4.7M	$40.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.668	−0.050%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.652	−0.101%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.636	−0.151%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.668	−0.050%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.570	−0.359%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.654	−0.094%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.650	−0.107%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.658	−0.082%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.640	−0.137%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.637	−0.148%	$79K	$335K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.656	−0.088%	$573K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0202%	1h	31.674	−0.033%	$123K	$329K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.534	−0.474%	$243K	$1.2M	25x	as long as short