Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.109%

Price spread now: Hyperliquid against Nado+0.072%7-day average +0.046% · 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−$67as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.186%+$19 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.072%, 7d avg +0.046%

Together, before fees−0.015%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.026% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	31.897	0.0100	pay 0.0012% / 1h	9m 35s	$126K	$850K	3x
Short	Hyperliquid VVV	31.920	0.0100	get 0.0013% / 1h	9m 35s	$74.0M	$55.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.046%: $2.63
Slippage, 4 orders: −$53.99
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$67.36
Costs to cover: 0.700%
Break-even: 6920282517534483.0 days

Slippage from Nado: live order book, 4 min ago; Hyperliquid: live order book, 4 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, 4 min ago	10.54 bp	14.8 bp −$15	52.4 bp −$524	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.73 bp	12.6 bp −$13	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
Polymarket Perps VVV-USD	−0.0023%	1h	31.866	−0.097%	$146K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.906	+0.028%	$103K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.922	+0.080%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.923	+0.082%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0008%	1h	31.877	−0.063%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.894%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.887	−0.032%	$392K	$601K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.834	−0.198%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.897	0.000%	$2.2M	$6.0M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.885	−0.038%	$475K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERPlong	+0.0100%	1h	31.897	long leg	$126K	$850K	3x
Hyperliquid VVVshort	+0.0100%	1h	31.920	+0.072%	$74.0M	$55.3M	3x
Aster VVVUSDT	+0.0100%	4h	31.894	−0.010%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.912	+0.047%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.884	−0.041%	$33.4M	$156.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.875	−0.068%	$39.1M	$51.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.880	−0.053%	$4.6M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.901	+0.013%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.904	+0.022%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.890	−0.022%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.880	−0.053%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.915	+0.056%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.830	−0.209%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.914	+0.053%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.909	+0.038%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.898	+0.003%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.882	−0.046%	$298K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.908	+0.035%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.777	−0.376%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.787	−0.345%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	31.944	+0.148%	$124K	$354K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0119%	1h	31.905	+0.026%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+1.194%	$242K	$1.3M	25x	as long as short