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 +0.013%

Price spread now: Binance against Kalshi+0.025%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.177%+$18 · spread now +0.025%, 7d avg +0.032%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.525	0	get 0.0000% / 8h	4h 23m	$96K	$5.4M	1.7x
Short	Binance VVVUSDT	31.533	0.0100	get 0.0050% / 4h	23m 17s	$33.7M	$113.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kalshi. 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 KalshibpFee BinancebpOrdersPrice spread, now +0.025%Rate

Funding earned: $21
Price spread: +0.025% → +0.032%: −$0.7
Slippage, 4 orders: −$35.29
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.99
Costs to cover: 0.553%
Break-even: 18.7 days

Slippage from Kalshi: live order book, 5 min ago; Binance: live order book, 5 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 Kalshi live order book, 5 min ago	7.88 bp	13.2 bp −$13	20.7 bp −$207	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.16 bp	10.6 bp −$11	34.9 bp −$349	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	−0.0337%	1h	31.501	−0.075%	$386K	$663K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.468	−0.181%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.525	long leg	$96K	$5.4M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.528	+0.011%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.541	+0.051%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.108%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0056%	4h	31.507	−0.057%	$11.7M	$5.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.520	−0.017%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.517	−0.025%	$464K	$1.6M	5x	as long as short
Polymarket Perps VVV-USD	+0.0098%	1h	31.518	−0.022%	$122K	$1.4M	3x	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	31.476	−0.154%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.498	−0.084%	$160K	$950K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.550	+0.080%	$70.6M	$44.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.524	−0.002%	$250K	$633K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.497	−0.089%	$185K	$124K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.533	+0.025%	$33.7M	$113.4M	25x
Bybit VVVUSDT	+0.0100%	4h	31.517	−0.025%	$38.3M	$39.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.521	−0.013%	$4.8M	$28.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.541	+0.051%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.498	−0.086%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.508	−0.054%	$5.7M	$6.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.555	+0.095%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.470	−0.175%	$2.0M	$356K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.475	−0.158%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.534	+0.029%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.524	−0.002%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.530	+0.015%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.509	−0.051%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.544	+0.060%	$1.4M	$1.4M	25x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.526	+0.003%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.613	+0.279%	$33K	$215K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0358%	1h	31.502	−0.074%	$160K	$276K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0212%	1h	31.523	−0.007%	$507K	—	100x	as long as short