Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: Nado against Kalshi+0.120%7-day average +0.073% · 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−$59as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Kalshi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.120%, 7d avg +0.073%

Together, before fees−0.077%+ Points / potential airdropNado: Active · farm board−$8 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 0.047% dearer against Kalshi than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.073%. Mind the row above: over the last 3 days funding on this pair cost −0.080%, 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	Kalshi KXVVVPERP	31.543	0	get 0.0000% / 8h	5h 26m	$88K	$5.6M	1.7x
Short	Nado VVV-PERP	31.581	0.0100	get 0.0012% / 1h	26m 35s	$134K	$913K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kalshi. 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 KalshibpFee NadobpOrdersPrice spread, now +0.120%Rate

Funding earned: $21
Price spread: +0.120% → +0.073%: $4.72
Slippage, 4 orders: −$46.91
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38.19
Costs to cover: 0.639%
Break-even: 19.7 days

Slippage from Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago	5.08 bp	17.3 bp −$17	29.2 bp −$292	doesn't fit	doesn't fit
Sell Nado live order book, 17 min ago	5.72 bp	15.5 bp −$15	33.3 bp −$333	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.490	−0.169%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.546	+0.008%	$387K	$642K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.551	+0.025%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.543	long leg	$88K	$5.6M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.539	−0.013%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0010%	1h	31.470	−0.231%	$14K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.048%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0057%	4h	31.564	+0.067%	$1.4M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.522	−0.067%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.531	−0.038%	$464K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	31.544	+0.003%	$3K	$73	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.581	+0.120%	$134K	$913K	3x
Hyperliquid VVV	+0.0100%	1h	31.549	+0.019%	$70.9M	$47.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.550	+0.022%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.554	+0.034%	$186K	$127K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.545	+0.006%	$34.0M	$120.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.524	−0.060%	$38.7M	$41.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.536	−0.022%	$4.9M	$30.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.525	−0.057%	$11.3M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.542	−0.003%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.522	−0.067%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.538	−0.016%	$5.8M	$7.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.547	+0.013%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	−0.127%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.561	+0.057%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.587%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.531	−0.038%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.545	+0.006%	$301K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.556	+0.042%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.502	−0.131%	$78K	$330K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.520	−0.073%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0431% / S −0.0202%	1h	31.571	+0.087%	$505K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0468%	1h	31.574	+0.100%	$153K	$268K	5x	as long as short