Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.016%

Price spread now: Kalshi against edgeX+0.229%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$1121.118% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.229%, 7d avg −0.094%

Together, before fees−0.264%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.322% dearer against edgeX than usual: you sell high and buy low (spread +0.229% now, against its 7-day average of −0.094%): +$32 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.6 days. At the pace of the last 7 days (−0.052% in total) that is about 43 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	31.466	0.0112	pay 0.0056% / 4h	1h 31m	$78K	$333K	10x
Short	Kalshi KXVVVPERP	31.538	0	get 0.0000% / 8h	5h 31m	$86K	$5.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now +0.229%Rate

Funding earned: −$23.5
Price spread: +0.229% → −0.094%: $32.24
Slippage, 4 orders: −$92.84
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$103.1
Costs to cover: 1.118%
Break-even: never at this rate

Slippage from edgeX: live order book, 12 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 edgeX live order book, 12 min ago	0.95 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	5.88 bp	13.8 bp −$14	22.5 bp −$225	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.507	+0.130%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.480	+0.044%	$386K	$644K	5x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.538	+0.229%	$86K	$5.6M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.525	+0.188%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.518	+0.165%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0008%	1h	31.490	+0.076%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.303%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.486	+0.064%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.512	+0.146%	$463K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0098%	4h	31.513	+0.149%	$1.4M	$1.5M	25x	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	31.528	+0.196%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.511	+0.145%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.538	+0.229%	$70.9M	$47.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.530	+0.203%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.532	+0.210%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.497	+0.099%	$33.9M	$121.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.470	+0.013%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.500	+0.108%	$4.9M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.502	+0.114%	$11.3M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.507	+0.130%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.532	+0.210%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.495	+0.092%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.485	+0.060%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.363	−0.327%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.513	+0.149%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.344%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.532	+0.210%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.490	+0.076%	$301K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.529	+0.199%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0112%	4h	31.466	long leg	$78K	$333K	10x
Phoenix VVV	+0.0307%	1h	31.366	−0.318%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0430% / S −0.0202%	1h	31.523	+0.182%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0491%	1h	31.531	+0.207%	$154K	$266K	5x	as long as short