Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%

Price spread now: Bitget against Kalshi−0.257%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.330%+$33 · spread now −0.257%, 7d avg −0.029%

Together, before fees+0.317%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.228% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.257% now, against its 7-day average of −0.029%). If the spread goes back, that is −$23 on $10k: about 7.6 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	Kalshi KXVVVPERP	32.688	0	get 0.0000% / 8h	6h 01m	$107K	$6.9M	1.7x
Short	Bitget VVVUSDT	32.604	0.0100	get 0.0050% / 4h	2h 01m	$5.9M	$8.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.257%Rate

Funding earned: $21
Price spread: −0.257% → −0.029%: −$22.84
Slippage, 4 orders: −$42.75
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.59
Costs to cover: 0.648%
Break-even: 29.2 days

Slippage from Kalshi: live order book, 2 min ago; Bitget: live order book, 1 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, 2 min ago	4.30 bp	12.5 bp −$13	20.6 bp −$206	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.84 bp	18.3 bp −$18	61.7 bp −$617	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
Kalshi KXVVVPERPlong	0.0000%	8h	32.688	long leg	$107K	$6.9M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.610	−0.238%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.602	−0.264%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.404%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.454	−0.716%	$57K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.598	−0.276%	$414K	$577K	5x	as long as short
BloFin VVV-USDT	+0.0079%	4h	32.561	−0.389%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.628	−0.184%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.602	−0.263%	$487K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.609	−0.242%	$151K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.618	−0.214%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.637	−0.157%	$194K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.625	−0.193%	$34.5M	$155.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.614	−0.227%	$40.2M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.611	−0.236%	$4.8M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.619	−0.211%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.631	−0.174%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.601	−0.266%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	32.604	−0.257%	$5.9M	$8.8M	20x
BingX VVV-USDT	+0.0100%	4h	32.632	−0.171%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.341	−1.061%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.606	−0.251%	$153K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.595	−0.286%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.562	−0.385%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.611	−0.234%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.627	−0.187%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.626	−0.191%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.426	−0.801%	$81K	$331K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.603	−0.259%	$570K	—	100x	as long as short
01 Exchange VVVUSD	+0.0216%	1h	32.626	−0.190%	$12K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.490	−0.606%	$200K	$1.1M	25x	as long as short
Hyperliquid VVV	+0.0310%	1h	32.660	−0.085%	$75.6M	$55.2M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0383%	1h	32.642	−0.139%	$126K	$377K	5x	as long as short