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 −0.109%

Price spread now: Nado against Hyperliquid−0.267%7-day average −0.046% · 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−$84as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.186%−$19 on $10k

Price spread, last 3 days (all we have)+0.397%+$40 · spread now −0.267%, 7d avg −0.046%

Together, before fees+0.210%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$21 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 0.222% cheaper against Hyperliquid than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.971	0.0100	pay 0.0013% / 1h	56m 22s	$74.1M	$55.4M	3x
Short	Nado VVV-PERP	31.885	0.0100	get 0.0012% / 1h	56m 22s	$126K	$850K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hyperliquid. 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 HyperliquidbpFee NadobpOrdersPrice spread, now −0.267%Rate

Funding earned: $0
Price spread: −0.267% → −0.046%: −$22.16
Slippage, 4 orders: −$46.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$84.17
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Nado: live order book, 17 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 Hyperliquid live order book, 7 min ago	0.47 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 17 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
Polymarket Perps VVV-USD	−0.0195%	1h	31.933	−0.119%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.960	−0.033%	$393K	$599K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.980	+0.028%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.947	−0.075%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.908	−0.197%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.892	−0.248%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.656%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0087%	4h	31.937	−0.106%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.919	−0.163%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.928	−0.134%	$475K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERPshort	+0.0100%	1h	31.885	−0.267%	$126K	$850K	3x
Hyperliquid VVVlong	+0.0100%	1h	31.971	long leg	$74.1M	$55.4M	3x
Aster VVVUSDT	+0.0100%	4h	31.935	−0.114%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.952	−0.060%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.879	−0.289%	$33.4M	$155.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.910	−0.190%	$39.2M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.906	−0.203%	$4.7M	$41.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.947	−0.075%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.897	−0.231%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.921	−0.156%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.885	−0.269%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.896	−0.235%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.962	−0.028%	$124K	$339K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.952	−0.059%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.915	−0.176%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.902	−0.216%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	−0.072%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.956	−0.046%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.952	−0.060%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.960	−0.034%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.987	+0.050%	$56K	$295K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.937	−0.105%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+0.959%	$242K	$1.3M	25x	as long as short