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 +0.010%

Price spread now: Kalshi against Bitget−0.089%55s7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as 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−$690.693% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.089%, 7d avg +0.031%

Together, before fees+0.029%+$3 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 0.120% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.031%). Swap the legs. The two prices were read 55 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	Bitget VVVUSDT	32.628	0.0100	pay 0.0050% / 4h	1h 35m	$5.9M	$8.8M	20x
Short	Kalshi KXVVVPERP	32.599	0	get 0.0000% / 8h	5h 35m	$106K	$6.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now −0.089%Rate

Funding earned: −$21
Price spread: −0.089% → +0.031%: −$11.95
Slippage, 4 orders: −$47.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$102.21
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Kalshi: live order book, 3 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 Bitget live order book, 3 min ago	3.23 bp	18.6 bp −$19	59.2 bp −$592	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	6.58 bp	17.1 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
Deribit VVV_USDC-PERPETUAL	−0.0121%	1h	32.573	−0.169%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	32.599	−0.089%	$106K	$6.8M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.644	+0.050%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.588%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.597	−0.094%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.580	−0.147%	$485K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.535	−0.285%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.645	+0.054%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.625	−0.009%	$273K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.590	−0.116%	$187K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.642	+0.043%	$34.3M	$156.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.625	−0.009%	$40.2M	$52.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.636	+0.025%	$4.8M	$43.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.634	+0.018%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.645	+0.052%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.582	−0.141%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	32.628	long leg	$5.9M	$8.8M	20x
BingX VVV-USDT	+0.0100%	4h	32.663	+0.107%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.549	−0.243%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.645	+0.052%	$132K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.635	+0.020%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.564	−0.196%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.583	−0.138%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.591	−0.113%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.611	−0.051%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	32.573	−0.169%	$81K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	32.608	−0.061%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.645	+0.052%	$202K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.642	+0.044%	$401K	$596K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0189% / S +0.0165%	1h	32.636	+0.025%	$628K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0287%	1h	32.593	−0.108%	$125K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0488%	1h	32.680	+0.159%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0651%	1h	32.704	+0.233%	$76.4M	$55.5M	3x	as long as short