Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.008%

Price spread now: Nado against BloFin+0.020%7-day average −0.011% · 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−$44as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.020%, 7d avg −0.011%

Together, before fees−0.288%+ Points / potential airdropNado: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 4 days (−0.186% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	32.054	0.0128	pay 0.0064% / 4h	1h 47m	$1.3M	$1.5M	25x
Short	Nado VVV-PERP	32.060	0.0100	get 0.0012% / 1h	47m 42s	$180K	$909K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee NadobpOrdersPrice spread, now +0.020%Rate

Funding earned: −$5.86
Price spread: +0.020% → −0.011%: $3.11
Slippage, 4 orders: −$27.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$49.51
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Nado: live order book, 63 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 BloFin live order book, 3 min ago	0.47 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 63 min ago	4.77 bp	8.3 bp −$8	30.1 bp −$301	doesn't fit	doesn't fit

VVV on 32 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	−0.0142%	1h	32.046	−0.024%	$392K	$729K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0071%	1h	32.080	+0.082%	$85K	$20K	10x	as long as short
Gate VVV_USDT	−0.0026%	4h	32.132	+0.243%	$12.7M	$5.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.019	−0.109%	$138K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.085	+0.097%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.000	−0.168%	$159K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.390%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.121	+0.210%	$2.0M	$3.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.138	+0.262%	$485K	$1.4M	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	32.060	+0.020%	$180K	$909K	3x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.122	+0.213%	$253K	$506K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.066	+0.037%	$189K	$111K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.129	+0.233%	$33.5M	$100.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.109	+0.173%	$38.0M	$39.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.091	+0.115%	$4.8M	$24.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.148	+0.293%	$7.8M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.119	+0.203%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.121	+0.209%	$5.9M	$5.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.129	+0.234%	—	$4.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.150	+0.300%	$2.0M	$331K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.060	+0.019%	$132K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.145	+0.284%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.054	−0.001%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.131	+0.241%	$306K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.083	+0.091%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	32.169	+0.359%	$80K	$321K	10x	as long as short
BloFin VVV-USDTlong	+0.0128%	4h	32.054	long leg	$1.3M	$1.5M	25x
Phoenix VVV	+0.0198%	1h	32.206	+0.474%	$33K	$192K	5x	as long as short
Hyperliquid VVV	+0.0323%	1h	32.146	+0.287%	$75.1M	$45.3M	3x	as long as short
01 Exchange VVVUSD	+0.0336%	1h	32.085	+0.097%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0449% / S −0.0219%	1h	32.091	+0.117%	$516K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0615%	1h	32.158	+0.324%	$177K	$268K	5x	as long as short