Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.009%

Price spread now: Kalshi against Derive−0.109%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kalshi is 0.109% cheaper against Derive than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive VVV-PERP	30.593	0.0100	pay 0.0013% / 1h	36m 38s	$3K	$3K	5x
Short	Kalshi KXVVVPERP	30.560	0.0210	get 0.0210% / 8h	6h 36m	$93K	$5.4M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Derive. 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 DerivebpFee KalshibpOrdersPrice spread, now −0.109%Rate

Funding earned: $23.02
Price spread: −0.109% → 0.000%: −$10.94
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$3.91
Costs to cover: 0.160%
Break-even: 8.2 days

Slippage unknown: Derive: no order-book sample; Kalshi: live order book, 2 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	4.91 bp	15.7 bp −$16	23.3 bp −$233	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0329%	1h	30.637	+0.143%	$380K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	+0.119%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.602	+0.027%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.278%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	30.626	+0.106%	$1.3M	$1.5M	25x	as long as short
Polymarket Perps VVV-USD	+0.0062%	1h	30.572	−0.070%	$117K	$1.4M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0074%	1h	30.610	+0.055%	$85K	$22K	10x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.550	−0.142%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.653	+0.194%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.659	+0.214%	$446K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.660	+0.217%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.568	−0.085%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.645	+0.168%	$69.1M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.639	+0.150%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.671	+0.253%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.671	+0.252%	$33.0M	$121.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.652	+0.192%	$38.0M	$41.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.667	+0.240%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.655	+0.201%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.659	+0.214%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.639	+0.149%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.650	+0.185%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.686	+0.302%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.591	−0.007%	$1.9M	$350K	—	as long as short
Derive VVV-PERPlong	+0.0100%	1h	30.593	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	30.626	+0.106%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.665	+0.234%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.574	−0.064%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	30.614	+0.066%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.579	−0.047%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERPshort	+0.0210%	8h	30.560	−0.109%	$93K	$5.4M	1.7x
Backpack VVV_USDC_PERP	+0.0394%	1h	30.659	+0.216%	$120K	$239K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.603	+0.033%	$534K	—	100x	as long as short