Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.004%

Price spread now: Gate against Nado−0.127%7-day average −0.089% · 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−$71as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now −0.127%, 7d avg −0.089%

Together, before fees−0.207%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.038% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	31.519	0.0100	pay 0.0012% / 1h	17m 58s	$188K	$973K	3x
Short	Gate VVV_USDT	31.479	−0.0066	pay 0.0033% / 4h	2h 17m	$12.2M	$4.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.127%Rate

Funding earned: −$34.86
Price spread: −0.127% → −0.089%: −$3.75
Slippage, 4 orders: −$44.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$105.46
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Nado: live order book, 33 min ago; Gate: live order book, 4 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, 33 min ago	4.77 bp	13.9 bp −$14	35.1 bp −$351	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.02 bp	21.4 bp −$21	103.5 bp −$1,035	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	−0.0166%	1h	31.505	−0.043%	$386K	$701K	5x	as long as short
Gate VVV_USDTshort	−0.0066%	4h	31.479	−0.127%	$12.2M	$4.6M	25x
Kalshi KXVVVPERP	0.0000%	8h	31.518	−0.003%	$132K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.508	−0.036%	$87K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.496	−0.073%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.128%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.486	−0.104%	$192K	$1.3M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.530	+0.034%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.528	+0.029%	$488K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0099%	4h	31.503	−0.051%	$1.3M	$1.4M	25x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.507	−0.038%	$3K	$50	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	31.519	long leg	$188K	$973K	3x
Aster VVVUSDT	+0.0100%	4h	31.524	+0.014%	$247K	$476K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.521	+0.006%	$186K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.509	−0.032%	$33.3M	$99.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.489	−0.095%	$38.2M	$37.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.497	−0.070%	$4.7M	$23.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.517	−0.006%	$7.4M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.507	−0.038%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.503	−0.051%	$5.7M	$5.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.508	−0.035%	—	$4.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.432	−0.276%	$2.0M	$335K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.529	+0.032%	$130K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.522	+0.010%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.501	−0.056%	$293K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.525	+0.018%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.488	−0.099%	$78K	$323K	10x	as long as short
Phoenix VVV	+0.0279%	1h	31.507	−0.038%	$33K	$188K	5x	as long as short
01 Exchange VVVUSD	+0.0320%	1h	31.540	+0.067%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.491	−0.090%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0556%	1h	31.541	+0.071%	$167K	$252K	5x	as long as short
Hyperliquid VVV	+0.0620%	1h	31.550	+0.098%	$70.2M	$42.5M	3x	as long as short