Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.023%

Price spread now: Kalshi against Injective−5.512%66s7-day average — · you buy dearer than you sell

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

Long on Injective 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 5.512% cheaper against Injective than usual: you would sell low and buy high (spread −5.512% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$551 on $10k: about 6 months of funding at the current rate (+$3 a day). The two prices were read 66 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	Injective VVV/USDC PERP	32.820	0.0033	pay 0.0004% / 1h	32m 18s	$2K	$1K	5.5x
Short	Kalshi KXVVVPERP	31.011	0.0144	get 0.0144% / 8h	1h 32m	$106K	$6.1M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Injective. 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 InjectivebpFee KalshibpOrdersPrice spread, now −5.512%Rate

Funding earned: $23.24
Price spread: −5.512% → 0.000%: −$551.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$537.97
Costs to cover: 0.100%
Break-even: 169.1 days

Slippage unknown: Injective: no order-book sample; Kalshi: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	6.27 bp	16.9 bp −$17	24.7 bp −$247	doesn't fit	doesn't fit

Injective: 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	−0.0152%	1h	31.002	−5.541%	$381K	$640K	5x	as long as short
Gate VVV_USDT	−0.0100%	4h	31.018	−5.491%	$10.4M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.008	−5.521%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.029	−5.456%	$23K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0022%	1h	31.014	−5.503%	$134K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.018	−5.491%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERPlong	+0.0033%	1h	32.820	long leg	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	31.016	−5.497%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.001	−5.542%	$458K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.026	−5.466%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.026	−5.465%	$132K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.043	−5.414%	$71.1M	$51.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.044	−5.413%	$251K	$1.7M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.054	−5.382%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.032	−5.447%	$33.0M	$145.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.013	−5.505%	$38.2M	$47.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.025	−5.469%	$4.8M	$37.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.034	−5.442%	$6.3M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.059	−5.366%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.000	−5.545%	$5.7M	$8.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.036	−5.436%	—	$5.3M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.176	−5.008%	$2.0M	$245K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.006	−5.527%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.037	−5.433%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.012	−5.509%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.025	−5.469%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.136	−5.132%	$77K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	31.060	−5.363%	$1.3M	$1.7M	25x	as long as short
Kalshi KXVVVPERPshort	+0.0144%	8h	31.011	−5.512%	$106K	$6.1M	1.7x
Phoenix VVV	+0.0153%	1h	31.166	−5.040%	$38K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.105	−5.225%	$139K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.021	−5.482%	$559K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0215%	1h	31.078	−5.309%	$112K	$305K	5x	as long as short