Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: Kalshi against Nado+0.083%7-day average −0.080% · 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−$32as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 3 days (all we have)−0.275%−$28 · spread now +0.083%, 7d avg −0.080%

Together, before fees−0.198%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.164% dearer against Nado than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.080%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 3 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	32.361	0.0100	pay 0.0012% / 1h	8m 04s	$149K	$781K	3x
Short	Kalshi KXVVVPERP	32.388	0	get 0.0000% / 8h	6h 08m	$114K	$6.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.083%Rate

Funding earned: −$21
Price spread: +0.083% → −0.080%: $16.38
Slippage, 4 orders: −$31.61
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.24
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Nado: live order book, 15 min ago; Kalshi: 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, 15 min ago	6.71 bp	11.5 bp −$11	28.7 bp −$287	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	6.95 bp	12.0 bp −$12	20.9 bp −$209	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 KXVVVPERPshort	0.0000%	8h	32.388	+0.083%	$114K	$6.8M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.354	−0.022%	$93K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.351	−0.031%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.418%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.362	+0.003%	$1.3M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.248	−0.349%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.354	−0.023%	$412K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.362	+0.003%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.359	−0.006%	$483K	$1.6M	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	32.361	long leg	$149K	$781K	3x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.366	+0.015%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.395	+0.104%	$192K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.399	+0.117%	$34.2M	$155.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.411	+0.156%	$39.9M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.407	+0.142%	$4.8M	$42.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.363	+0.006%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.368	+0.022%	$17.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.324	−0.114%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.404	+0.133%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.416	+0.170%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.319	−0.129%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.342	−0.059%	$156K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.348	−0.041%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.334	−0.083%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.355	−0.019%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.419	+0.178%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.369	+0.026%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.393	+0.098%	$80K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	32.419	+0.179%	$12K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.336	−0.076%	$565K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.462	+0.312%	$216K	$1.3M	25x	as long as short
Hyperliquid VVV	+0.0237%	1h	32.464	+0.318%	$75.1M	$55.1M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0343%	1h	32.431	+0.216%	$123K	$379K	5x	as long as short