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% APRpaid last 24h 0.000%

Price spread now: Phemex against Nado−0.011%7-day average +0.012% · 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−$146as in the Price arb table

costs, in and out, $10k−$1441.437% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.011%, 7d avg +0.012%

Together, before fees+0.076%+ Points / potential airdropNado: Active · farm board+$8 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: Phemex is 0.023% cheaper against Nado than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	32.275	0.0100	pay 0.0012% / 1h	49m 10s	$136K	$815K	3x
Short	Phemex VVVUSDT	32.271	0.0100	get 0.0050% / 4h	49m 10s	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → +0.012%: −$2.32
Slippage, 4 orders: −$124.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$145.98
Costs to cover: 1.437%
Break-even: 14997828414680756.0 days

Slippage from Nado: live order book, 29 min ago; Phemex: 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, 29 min ago	19.00 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.39 bp	31.8 bp −$32	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	0.0000%	1h	32.266	−0.026%	$147K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.344	+0.215%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.269	−0.016%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.297	+0.071%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.690%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.260	−0.045%	$396K	$604K	5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.282	+0.023%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.269	−0.017%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.295	+0.064%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.259	−0.048%	$479K	$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	32.275	long leg	$136K	$815K	3x
Hyperliquid VVV	+0.0100%	1h	32.319	+0.138%	$74.9M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.322	+0.147%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.298	+0.074%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.284	+0.029%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.268	−0.019%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.296	+0.067%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.284	+0.029%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.300	+0.079%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.285	+0.033%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.262	−0.039%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.291	+0.051%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	+0.121%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.272	−0.007%	$1K	$1K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	32.271	−0.011%	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	32.264	−0.032%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.287	+0.038%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.306	+0.097%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.318	+0.136%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.295	+0.064%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0147%	1h	32.335	+0.188%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0183% / S +0.0170%	1h	32.284	+0.030%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.010%	$242K	$1.3M	25x	as long as short