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% APRpaid last 24h 0.000%

Price spread now: Nado against Phemex−0.080%7-day average −0.012% · 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−$120as in the Price arb table

costs, in and out, $10k−$1131.132% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.080%, 7d avg −0.012%

Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$1 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 0.067% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	31.945	0.0100	pay 0.0050% / 4h	3h 50m	$2.1M	$2.1M	50x
Short	Nado VVV-PERP	31.919	0.0100	get 0.0012% / 1h	50m 54s	$125K	$851K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.012%: −$6.74
Slippage, 4 orders: −$94.21
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$119.95
Costs to cover: 1.132%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Nado: live order book, 22 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 Phemex live order book, 2 min ago	1.10 bp	38.6 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 22 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	−0.0246%	1h	31.899	−0.144%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0040%	1h	31.905	−0.125%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.912	−0.104%	$392K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.937	−0.025%	$107K	$6.7M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.921	−0.075%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.925	−0.062%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.938	−0.022%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.739%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.929	−0.050%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.921	−0.075%	$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
Gate VVV_USDT	+0.0096%	4h	32.014	+0.216%	$10.8M	$7.3M	25x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	31.919	−0.080%	$125K	$851K	3x
Hyperliquid VVV	+0.0100%	1h	32.042	+0.304%	$74.3M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.961	+0.049%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.957	+0.039%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.001	+0.174%	$33.6M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.019	+0.232%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.038	+0.291%	$4.7M	$42.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.982	+0.116%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.979	+0.106%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.002	+0.178%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.024	+0.247%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.917	−0.089%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.936	−0.029%	$2K	$2K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	31.945	long leg	$2.1M	$2.1M	50x
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	+0.009%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.968	+0.071%	$301K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.153%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.859	−0.271%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0132%	1h	31.963	+0.056%	$124K	$339K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.946	+0.003%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.936	−0.027%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	+0.026%	$240K	$1.3M	25x	as long as short