Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: Kalshi against Nado+0.309%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−$34as in the Price arb table

costs, in and out, $10k−$720.725% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.074%+$7 on $10k

Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.309%, 7d avg −0.073%

Together, before fees−0.359%+ Points / potential airdropNado: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.383% dearer against Nado than usual: you sell high and buy low (spread +0.309% now, against its 7-day average of −0.073%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 3 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado VVV-PERP	32.180	0.0100	pay 0.0012% / 1h	24m 33s	$126K	$850K	3x
Short	Kalshi KXVVVPERP	32.280	0	get 0.0000% / 8h	3h 24m	$112K	$6.5M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.309%Rate

Funding earned: −$21
Price spread: +0.309% → −0.073%: $38.26
Slippage, 4 orders: −$55.5
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$55.24
Costs to cover: 0.725%
Break-even: never at this rate

Slippage from Nado: live order book, 49 min ago; Kalshi: 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, 49 min ago	10.54 bp	14.8 bp −$15	52.4 bp −$524	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	7.17 bp	19.4 bp −$19	23.8 bp −$238	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	−0.0262%	1h	32.222	+0.129%	$147K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0040%	1h	32.183	+0.008%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.172	−0.027%	$396K	$602K	5x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	32.280	+0.309%	$112K	$6.5M	1.7x
Phoenix VVV	0.0000%	1h	32.028	−0.474%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.258	+0.240%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.239	+0.182%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.987%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0076%	4h	32.278	+0.303%	$1.3M	$1.8M	25x	as long as short
Gate VVV_USDT	+0.0090%	4h	32.192	+0.036%	$10.8M	$7.4M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0096%	4h	32.167	−0.043%	$39.4M	$51.5M	20x	as long as short
Lighter VVV	+0.0096%	1h	32.210	+0.093%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.198	+0.054%	$476K	$1.6M	5x	as long as short
Nado VVV-PERPlong	+0.0100%	1h	32.180	long leg	$126K	$850K	3x
Hyperliquid VVV	+0.0100%	1h	32.255	+0.232%	$74.9M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.255	+0.230%	$263K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.228	+0.147%	$193K	$187K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.193	+0.039%	$33.8M	$154.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.165	−0.048%	$4.7M	$41.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.222	+0.129%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.212	+0.098%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.180	−0.002%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.201	+0.064%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.284	+0.323%	$125K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.088	−0.288%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.239	+0.180%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.214	+0.104%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.207	+0.082%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.191	+0.034%	$307K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.252	+0.221%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	32.024	−0.485%	$80K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	32.241	+0.188%	$583K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.275	+0.293%	$249K	$1.3M	25x	as long as short