Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.025%

Price spread now: edgeX against Nado−0.083%7-day average +0.019% · 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−$112as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.083%, 7d avg +0.019%

Together, before fees−0.029%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.102% cheaper against Nado than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.019%). If the spread goes back, that is −$10 on $10k: about 19 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.070% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	31.497	0.0100	pay 0.0012% / 1h	57m 16s	$163K	$951K	3x
Short	edgeX VVVUSDC	31.471	0.0118	get 0.0059% / 4h	3h 57m	$78K	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $3.8
Price spread: −0.083% → +0.019%: −$10.15
Slippage, 4 orders: −$85.9
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$108.25
Costs to cover: 1.019%
Break-even: 206.6 days

Slippage from Nado: live order book, 41 min ago; edgeX: live order book, 41 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, 41 min ago	4.43 bp	13.4 bp −$13	33.4 bp −$334	doesn't fit	doesn't fit
Sell edgeX live order book, 41 min ago	0.79 bp	50.0 bp −$50	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
RISEx VVV/USDC	−0.0349%	1h	31.454	−0.139%	$389K	$673K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.517	+0.062%	$93K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.494	−0.010%	$88K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.592	+0.300%	$188K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.476	−0.068%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.199%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.502	+0.013%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.495	−0.008%	$464K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.483	−0.047%	$3K	$73	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	31.497	long leg	$163K	$951K	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.521	+0.075%	$70.3M	$44.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.500	+0.008%	$249K	$525K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.496	−0.005%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.487	−0.033%	$33.6M	$110.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.471	−0.083%	$38.4M	$39.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.482	−0.049%	$4.8M	$27.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.471	−0.084%	$11.8M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.489	−0.027%	$6.9M	$4.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.478	−0.062%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.475	−0.071%	$5.7M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.481	−0.052%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.421	−0.244%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.490	−0.024%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.449	−0.155%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.503	+0.017%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.475	−0.070%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.489	−0.027%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0118%	4h	31.471	−0.083%	$78K	$328K	10x
BloFin VVV-USDT	+0.0144%	4h	31.491	−0.021%	$1.4M	$1.4M	25x	as long as short
Phoenix VVV	+0.0203%	1h	31.454	−0.138%	$33K	$197K	5x	as long as short
01 Exchange VVVUSD	+0.0400%	1h	31.519	+0.068%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0215%	1h	31.470	−0.087%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.1278%	1h	31.548	+0.160%	$160K	$268K	5x	as long as short