VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0342%/8h= +37.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.115%

Price spread now: Backpack against Nado+0.113%7-day average +0.050% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.450%+$45 on $10k

Price spread, last 3 days (all we have)−0.264%−$26 · spread now +0.113%, 7d avg +0.050%

Together, before fees+0.187%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Backpack is 0.064% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	32.688	0.0100	pay 0.0012% / 1h	50m 31s	$151K	$783K	3x
Short	Backpack VVV_USDC_PERP	32.726	0.0442	get 0.0055% / 1h	50m 31s	$126K	$374K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now +0.113%Rate

Funding earned: $71.74
Price spread: +0.113% → +0.050%: $6.37
Slippage, 4 orders: −$34.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $26.77
Costs to cover: 0.513%
Break-even: 4.4 days

Slippage from Nado: live order book, 33 min ago; Backpack: live order book, 33 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 Nado live order book, 33 min ago	6.71 bp	11.5 bp −$11	28.7 bp −$287	doesn't fit	doesn't fit
Sell Backpack live order book, 33 min ago	3.23 bp	16.4 bp −$16	doesn't fit	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
Kalshi KXVVVPERP	0.0000%	8h	32.623	−0.200%	$105K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.688	−0.002%	$93K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.682	−0.019%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.402%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0083%	4h	32.690	+0.005%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.686	−0.007%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.701	+0.038%	$489K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.487	−0.616%	$57K	$294K	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	32.688	long leg	$151K	$783K	3x
Aster VVVUSDT	+0.0100%	4h	32.668	−0.062%	$276K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.696	+0.023%	$194K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.684	−0.015%	$34.4M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.675	−0.043%	$40.2M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.675	−0.041%	$4.8M	$43.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.692	+0.011%	$11.1M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.720	+0.096%	$17.7M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.689	+0.002%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.671	−0.054%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.677	−0.035%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.467	−0.678%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.662	−0.081%	$146K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.680	−0.025%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.645	−0.133%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.712	+0.072%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.672	−0.051%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.676	−0.038%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.463	−0.689%	$81K	$331K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.667	−0.067%	$201K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.684	−0.013%	$401K	$590K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0190% / S +0.0134%	1h	32.678	−0.031%	$594K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0442%	1h	32.726	+0.113%	$126K	$374K	5x
01 Exchange VVVUSD	+0.0552%	1h	32.742	+0.164%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0928%	1h	32.710	+0.066%	$76.2M	$55.3M	3x	as long as short