Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.116%

Price spread now: Nado against Backpack−0.303%7-day average −0.045% · 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−$100as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.452%−$45 on $10k

Price spread, last 3 days (all we have)+0.274%+$27 · spread now −0.303%, 7d avg −0.045%

Together, before fees−0.179%+ Points / potential airdropNado: Active · farm board−$18 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 0.258% cheaper against Backpack than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	32.023	0.0100	pay 0.0013% / 1h	35m 20s	$124K	$333K	5x
Short	Nado VVV-PERP	31.925	0.0100	get 0.0012% / 1h	35m 20s	$125K	$850K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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 BackpackbpFee NadobpOrdersPrice spread, now −0.303%Rate

Funding earned: $0
Price spread: −0.303% → −0.045%: −$25.77
Slippage, 4 orders: −$56.82
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$99.59
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from Backpack: live order book, 38 min ago; Nado: live order book, 38 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 Backpack live order book, 38 min ago	3.50 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	10.54 bp	22.0 bp −$22	93.0 bp −$930	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
Deribit VVV_USDC-PERPETUAL	−0.0463%	1h	31.791	−0.722%	$90K	$23K	10x	as long as short
Polymarket Perps VVV-USD	−0.0321%	1h	31.884	−0.433%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	31.912	−0.345%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.920	−0.320%	$393K	$601K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.098	+0.235%	$108K	$6.6M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.049	+0.082%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.936	−0.271%	$19K	—	150x	as long as short
Gate VVV_USDT	+0.0010%	4h	31.918	−0.327%	$10.7M	$7.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.490%	$2K	$1K	5.5x	as long as short
Bybit VVVUSDT	+0.0051%	4h	31.858	−0.515%	$39.1M	$51.5M	20x	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	+0.0067%	4h	32.050	+0.086%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.965	−0.181%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.971	−0.161%	$476K	$1.6M	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.925	−0.303%	$125K	$850K	3x
Hyperliquid VVV	+0.0100%	1h	31.934	−0.277%	$74.0M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.970	−0.164%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.998	−0.076%	$191K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.937	−0.267%	$33.6M	$154.5M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.793	−0.717%	$4.6M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.921	−0.317%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.953	−0.217%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.796	−0.708%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.911	−0.349%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERPlong	+0.0100%	1h	32.023	long leg	$124K	$333K	5x
Variational Omni VVV	+0.0100%	4h	32.001	−0.069%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.811	−0.659%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.026	+0.011%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.967	−0.175%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.777	−0.767%	$303K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.847	−0.549%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.094	+0.222%	$80K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.934	−0.277%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.985	−0.119%	$246K	$1.3M	25x	as long as short