Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%

Price spread now: Kalshi against Binance+0.040%51s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.551% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days−0.136%−$14 · spread now +0.040%, 7d avg −0.037%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.077% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.037%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.045% in total) that is about 12 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.999	0.0100	pay 0.0050% / 4h	2h 22m	$33.8M	$154.6M	25x
Short	Kalshi KXVVVPERP	32.012	0	get 0.0000% / 8h	6h 22m	$119K	$6.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21
Price spread: +0.040% → −0.037%: $7.68
Slippage, 4 orders: −$35.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$68.44
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Kalshi: live order book, 1 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 Binance live order book, 6 min ago	0.16 bp	13.3 bp −$13	36.3 bp −$363	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	7.81 bp	15.6 bp −$16	24.8 bp −$248	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
Kalshi KXVVVPERPshort	0.0000%	8h	32.012	+0.040%	$119K	$6.8M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.000	+0.002%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.992	−0.021%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.565%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	32.017	+0.055%	$1.3M	$1.7M	25x	as long as short
01 Exchange VVVUSD	+0.0056%	1h	32.056	+0.177%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.951	−0.151%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.061	+0.194%	$394K	$576K	5x	as long as short
Polymarket Perps VVV-USD	+0.0089%	1h	32.008	+0.027%	$143K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	32.038	+0.122%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.029	+0.093%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.037	+0.119%	$148K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.065	+0.205%	$73.2M	$54.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.029	+0.093%	$280K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.034	+0.109%	$190K	$176K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.999	long leg	$33.8M	$154.6M	25x
Bybit VVVUSDT	+0.0100%	4h	31.977	−0.069%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.994	−0.016%	$4.8M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.006	+0.021%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.012	+0.040%	$17.2M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.011	+0.037%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.000	+0.002%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.017	+0.055%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.838	−0.504%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.986	−0.043%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.920	−0.248%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.043	+0.137%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.054	+0.170%	$320K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.094	+0.298%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.836	−0.510%	$79K	$330K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	31.981	−0.057%	$560K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	−0.477%	$205K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0267%	1h	32.063	+0.198%	$122K	$381K	5x	as long as short