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 +0.010%

Price spread now: Kalshi against Gate+0.374%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$840.845% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days−0.357%−$36 · spread now +0.374%, 7d avg +0.072%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.303% dearer against Gate than usual: you sell high and buy low (spread +0.374% now, against its 7-day average of +0.072%): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	30.730	0.0100	pay 0.0050% / 4h	3h 56m	$10.3M	$5.8M	25x
Short	Kalshi KXVVVPERP	30.845	0	get 0.0000% / 8h	7h 56m	$104K	$5.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now +0.374%Rate

Funding earned: −$21
Price spread: +0.374% → +0.072%: $30.25
Slippage, 4 orders: −$59.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$75.24
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Kalshi: live order book, 2 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 Gate live order book, 2 min ago	7.80 bp	28.0 bp −$28	720.2 bp −$7,202	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	7.63 bp	19.2 bp −$19	27.1 bp −$271	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	−0.0417%	1h	30.700	−0.099%	$377K	$640K	5x	as long as short
Polymarket Perps VVV-USD	−0.0152%	1h	30.812	+0.267%	$129K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.333%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	30.845	+0.374%	$104K	$5.6M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.811	+0.264%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.822	+0.300%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.801%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	30.767	+0.120%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.744	+0.046%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.759	+0.094%	$450K	$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
01 Exchange VVVUSD	+0.0096%	1h	30.727	−0.010%	$11K	$3K	3x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.727	−0.010%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.822	+0.298%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.761	+0.101%	$70.1M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.762	+0.104%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.765	+0.115%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.759	+0.096%	$33.0M	$128.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.730	0.000%	$38.2M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.727	−0.010%	$4.8M	$32.3M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	30.730	long leg	$10.3M	$5.8M	25x
MEXC VVV_USDT	+0.0100%	4h	30.753	+0.075%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.761	+0.101%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.721	−0.029%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.730	0.000%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.997	+0.867%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.808	+0.255%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.776	+0.150%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.711	−0.061%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.807	+0.252%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	30.877	+0.479%	$77K	$332K	10x	as long as short
Phoenix VVV	+0.0182%	1h	30.844	+0.371%	$32K	$257K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0227%	1h	30.808	+0.253%	$122K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.819	+0.289%	$540K	—	100x	as long as short