Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Phemex+0.022%7-day average −0.008% · 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−$122as in the Price arb table

costs, in and out, $10k−$1251.253% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.323%−$32 · spread now +0.022%, 7d avg −0.008%

Together, before fees−0.327%+ Points / potential airdropNado: Active · farm board−$33 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: Nado is 0.030% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.622	0.0100	pay 0.0050% / 4h	3h 04m	$2.0M	$2.1M	50x
Short	Nado VVV-PERP	31.629	0.0100	get 0.0012% / 1h	4m 13s	$189K	$1.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.008%: $2.99
Slippage, 4 orders: −$106.28
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$122.29
Costs to cover: 1.253%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Nado: 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 Phemex live order book, 4 min ago	3.15 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	15.30 bp	20.1 bp −$20	87.9 bp −$879	doesn't fit	doesn't fit

VVV on 32 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	31.633	+0.034%	$387K	$698K	5x	as long as short
Gate VVV_USDT	−0.0132%	4h	31.614	−0.025%	$12.1M	$5.0M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.649	+0.085%	$108K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.638	+0.049%	$88K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	−0.909%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.626	+0.013%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.789%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.622	+0.001%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.619	−0.009%	$502K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.652	+0.095%	$3K	$50	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERPshort	+0.0100%	1h	31.629	+0.022%	$189K	$1.0M	3x
Hyperliquid VVV	+0.0100%	1h	31.687	+0.206%	$70.5M	$43.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.625	+0.008%	$248K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.650	+0.089%	$187K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.621	−0.004%	$33.5M	$104.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.611	−0.035%	$38.5M	$38.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.608	−0.044%	$4.8M	$25.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.635	+0.041%	$7.3M	$5.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.637	+0.047%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.627	+0.016%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.618	−0.013%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.545	−0.243%	$2.0M	$346K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.627	+0.016%	$130K	$1.3M	3x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.622	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	31.610	−0.038%	$295K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.628	+0.019%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.657	+0.111%	$79K	$324K	10x	as long as short
BloFin VVV-USDT	+0.0137%	4h	31.611	−0.035%	$1.3M	$1.4M	25x	as long as short
Phoenix VVV	+0.0229%	1h	31.601	−0.066%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0288%	1h	31.645	+0.073%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0219%	1h	31.639	+0.054%	$509K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0714%	1h	31.660	+0.120%	$168K	$268K	5x	as long as short