Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.038%

Price spread now: BloFin against Nado−0.222%7-day average +0.040% · 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−$79as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.183%+$18 on $10k

Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.222%, 7d avg +0.040%

Together, before fees+0.487%+ Points / potential airdropNado: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.263% cheaper against Nado than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of +0.040%). If the spread goes back, that is −$26 on $10k: about 15 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.183% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	32.380	0.0100	pay 0.0012% / 1h	31m 52s	$149K	$783K	3x
Short	BloFin VVV-USDT	32.308	0.0158	get 0.0079% / 4h	1h 31m	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.222%Rate

Funding earned: $12.25
Price spread: −0.222% → +0.040%: −$26.28
Slippage, 4 orders: −$34.03
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$67.05
Costs to cover: 0.530%
Break-even: 45.3 days

Slippage from Nado: live order book, 51 min ago; BloFin: live order book, 1 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, 51 min ago	6.71 bp	11.5 bp −$11	28.7 bp −$287	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.46 bp	14.0 bp −$14	30.8 bp −$308	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.382	+0.006%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.384	+0.013%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.359%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.390	+0.031%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.314	−0.204%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.604	+0.692%	$57K	$294K	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	32.380	long leg	$149K	$783K	3x
Aster VVVUSDT	+0.0100%	4h	32.378	−0.006%	$270K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.378	−0.006%	$186K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.364	−0.049%	$33.9M	$156.9M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.348	−0.098%	$39.9M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.358	−0.068%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.359	−0.065%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.362	−0.056%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.316	−0.198%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.364	−0.049%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.359	−0.065%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.549	+0.521%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.385	+0.015%	$131K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.386	+0.017%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.349	−0.096%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.400	+0.063%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	32.432	+0.161%	$106K	$6.8M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.355	−0.077%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.410	+0.091%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.634	+0.784%	$81K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.346	−0.104%	$199K	$1.1M	25x	as long as short
BloFin VVV-USDTshort	+0.0158%	4h	32.308	−0.222%	$1.3M	$1.8M	25x
RISEx VVV/USDC	+0.0175%	1h	32.380	−0.001%	$397K	$597K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0188% / S +0.0166%	1h	32.387	+0.020%	$623K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0302%	1h	32.343	−0.115%	$122K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0480%	1h	32.412	+0.099%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0605%	1h	32.390	+0.031%	$75.6M	$55.6M	3x	as long as short