VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.050%

Price spread now: Nado against Phoenix+0.022%7-day average −0.002% · 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−$70as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.198%−$20 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.022%, 7d avg −0.002%

Together, before fees−0.142%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.024% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 3 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	31.638	0	get 0.0000% / 1h	49m 16s	$53K	$289K	5x
Short	Nado VVV-PERP	31.645	0.0100	get 0.0012% / 1h	49m 16s	$125K	$851K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now +0.022%Rate

Funding earned: $21
Price spread: +0.022% → −0.002%: $2.44
Slippage, 4 orders: −$58.2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.75
Costs to cover: 0.722%
Break-even: 23.3 days

Slippage from Phoenix: live order book, 16 min ago; Nado: live order book, 19 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 Phoenix live order book, 16 min ago	3.13 bp	19.8 bp −$20	65.3 bp −$653	doesn't fit	doesn't fit
Sell Nado live order book, 19 min ago	8.47 bp	20.4 bp −$20	84.3 bp −$843	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
Bybit VVVUSDT	−0.0234%	4h	31.662	+0.076%	$38.6M	$51.8M	20x	as long as short
Polymarket Perps VVV-USD	−0.0130%	1h	31.642	+0.013%	$144K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0124%	4h	31.646	+0.025%	$10.6M	$7.0M	25x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.630	−0.024%	$388K	$616K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.684	+0.145%	$117K	$6.5M	1.7x	as long as short
Phoenix VVVlong	0.0000%	1h	31.638	long leg	$53K	$289K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.658	+0.063%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.660	+0.070%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.647	+0.028%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.736%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0053%	4h	31.666	+0.089%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0064%	1h	31.650	+0.037%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.638	0.000%	$467K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.638	0.000%	$3K	$106	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.645	+0.022%	$125K	$851K	3x
Hyperliquid VVV	+0.0100%	1h	31.680	+0.133%	$73.1M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.668	+0.096%	$257K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.664	+0.083%	$189K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.665	+0.085%	$33.5M	$153.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.668	+0.095%	$4.7M	$40.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.662	+0.076%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.636	−0.006%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.637	−0.003%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.668	+0.095%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.570	−0.215%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.655	+0.054%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.656	+0.057%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.659	+0.066%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.650	+0.036%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.637	−0.003%	$79K	$335K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0157%	1h	31.681	+0.136%	$123K	$329K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.656	+0.056%	$572K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.534	−0.329%	$243K	$1.2M	25x	as long as short