Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.014%

Price spread now: Kalshi against BingX−0.162%50s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as 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 BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.162%, 7d avg −0.004%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.157% cheaper against BingX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 50 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	BingX VVV-USDT	31.555	0.0100	pay 0.0050% / 4h	23m 25s	—	$4.7M	—
Short	Kalshi KXVVVPERP	31.504	0	get 0.0000% / 8h	4h 23m	$96K	$5.4M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now −0.162%Rate

Funding earned: −$21
Price spread: −0.162% → −0.004%: −$15.73
Slippage, 4 orders: −$35.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$91.82
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Kalshi: live order book, 5 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 BingX live order book, 2 min ago	0.16 bp	15.3 bp −$15	45.4 bp −$454	351.4 bp −$35.1K	770.5 bp −$385.2K
Sell Kalshi live order book, 5 min ago	7.88 bp	16.9 bp −$17	23.5 bp −$235	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
RISEx VVV/USDC	−0.0337%	1h	31.501	−0.170%	$386K	$663K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.468	−0.276%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.504	−0.162%	$96K	$5.4M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.487	−0.216%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.541	−0.044%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.009%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0056%	4h	31.507	−0.152%	$11.7M	$5.2M	25x	as long as short
BloFin VVV-USDT	+0.0082%	4h	31.494	−0.193%	$1.4M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.479	−0.240%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.481	−0.235%	$463K	$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
Polymarket Perps VVV-USD	+0.0098%	1h	31.518	−0.117%	$122K	$1.4M	3x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.476	−0.249%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.498	−0.179%	$160K	$950K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.550	−0.015%	$70.6M	$44.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.540	−0.048%	$250K	$633K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.497	−0.184%	$185K	$124K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.545	−0.032%	$33.7M	$113.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.528	−0.085%	$38.3M	$39.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.524	−0.098%	$4.8M	$28.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.541	−0.044%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.495	−0.190%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.492	−0.200%	$5.7M	$6.6M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.555	long leg	—	$4.7M	—
Variational Omni VVV	+0.0100%	4h	31.470	−0.270%	$2.0M	$356K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.475	−0.252%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.479	−0.241%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.498	−0.182%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.495	−0.191%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.509	−0.146%	$78K	$330K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.526	−0.092%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.613	+0.184%	$33K	$215K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0358%	1h	31.502	−0.169%	$160K	$276K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0212%	1h	31.483	−0.227%	$506K	—	100x	as long as short