VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.098%

Price spread now: Backpack against Nado+0.152%7-day average +0.044% · 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−$49as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.491%+$49 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.152%, 7d avg +0.044%

Together, before fees+0.353%+ Points / potential airdropNado: Active · farm board+$35 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 Backpack is 0.107% dearer against Nado than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	32.117	0.0100	pay 0.0012% / 1h	48m 37s	$159K	$896K	3x
Short	Backpack VVV_USDC_PERP	32.166	0.0216	get 0.0027% / 1h	48m 37s	$177K	$255K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.152%Rate

Funding earned: $24.34
Price spread: +0.152% → +0.044%: $10.72
Slippage, 4 orders: −$42.29
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$24.23
Costs to cover: 0.593%
Break-even: 14.0 days

Slippage from Nado: live order book, 58 min ago; Backpack: live order book, 58 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, 58 min ago	9.21 bp	13.0 bp −$13	34.1 bp −$341	doesn't fit	doesn't fit
Sell Backpack live order book, 58 min ago	1.72 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

VVV on 33 exchanges

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	−0.0347%	1h	32.141	+0.073%	$364K	$745K	5x	as long as short
Gate VVV_USDT	−0.0120%	4h	32.146	+0.089%	$13.0M	$4.9M	25x	as long as short
Coinbase International VVV-PERP-INTX	−0.0112%	1h	32.361	+0.758%	$178K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.125	+0.023%	$134K	$5.3M	1.6x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.112	−0.016%	$85K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.117	−0.001%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	32.158	+0.126%	$11K	$2K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.187%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0040%	1h	32.142	+0.076%	$56K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0062%	4h	32.135	+0.054%	$1.3M	$1.4M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.227	+0.340%	$2.0M	$3.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.198	+0.251%	$491K	$1.5M	5x	as long as short
Phoenix VVV	+0.0099%	1h	32.095	−0.070%	$33K	$182K	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	32.117	long leg	$159K	$896K	3x
Hyperliquid VVV	+0.0100%	1h	32.230	+0.350%	$75.4M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.195	+0.240%	$256K	$466K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.225	+0.336%	$198K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.237	+0.372%	$33.4M	$93.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.240	+0.381%	$38.0M	$37.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.256	+0.431%	$4.7M	$23.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.220	+0.319%	$7.8M	$4.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.158	+0.126%	$1.7M	$2.4M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.214	+0.300%	$5.9M	$5.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.246	+0.400%	—	$3.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.139	+0.067%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.107	−0.032%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.131	+0.042%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.245	+0.396%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.156	+0.119%	$301K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.031	−0.270%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.148	+0.096%	$80K	$320K	10x	as long as short
Backpack VVV_USDC_PERPshort	+0.0216%	1h	32.166	+0.152%	$177K	$255K	5x
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.121	+0.012%	$517K	—	100x	as long as short