Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h 0.000%

Price spread now: Kalshi against BloFin+0.070%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)−0.536%−$54 · spread now +0.070%, 7d avg −0.081%

Together, before fees−0.706%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.151% dearer against BloFin than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.081%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	31.438	0.0047	pay 0.0024% / 4h	2h 59m	$1.3M	$1.4M	25x
Short	Kalshi KXVVVPERP	31.460	0	get 0.0000% / 8h	2h 59m	$106K	$5.3M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.070%Rate

Funding earned: −$9.93
Price spread: +0.070% → −0.081%: $15.09
Slippage, 4 orders: −$29.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$46.58
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.16 bp	15.7 bp −$16	30.7 bp −$307	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	3.16 bp	8.2 bp −$8	19.2 bp −$192	doesn't fit	doesn't fit

VVV on 32 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	−0.0211%	1h	31.420	−0.059%	$87K	$20K	10x	as long as short
RISEx VVV/USDC	−0.0166%	1h	31.383	−0.174%	$384K	$699K	5x	as long as short
Gate VVV_USDT	−0.0142%	4h	31.466	+0.089%	$12.0M	$4.5M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.460	+0.070%	$106K	$5.3M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.517	+0.253%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.396%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.334	−0.329%	$191K	$1.3M	25x	as long as short
BloFin VVV-USDTlong	+0.0047%	4h	31.438	long leg	$1.3M	$1.4M	25x
Lighter VVV	+0.0096%	1h	31.453	+0.049%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.449	+0.035%	$500K	$1.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.452	+0.046%	$3K	$50	5x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.444	+0.019%	$247K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.497	+0.186%	$186K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.442	+0.012%	$33.3M	$104.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.461	+0.073%	$38.3M	$38.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.482	+0.140%	$4.7M	$24.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.461	+0.073%	$7.3M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.483	+0.143%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.449	+0.035%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.480	+0.134%	—	$4.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.540	+0.325%	$2.0M	$346K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.448	+0.032%	$130K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.482	+0.140%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.420	−0.058%	$294K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.451	+0.040%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.594	+0.496%	$78K	$325K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0145%	1h	31.508	+0.221%	$167K	$268K	5x	as long as short
Nado VVV-PERP	+0.0188%	1h	31.424	−0.043%	$187K	$1.0M	3x	as long as short
Hyperliquid VVV	+0.0195%	1h	31.538	+0.318%	$70.2M	$43.3M	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.574	+0.433%	$33K	$186K	5x	as long as short
01 Exchange VVVUSD	+0.0408%	1h	31.466	+0.089%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0219%	1h	31.610	+0.548%	$508K	—	100x	as long as short