Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.023%

Price spread now: BloFin against Kalshi+0.139%61s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.548% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.139%, 7d avg +0.082%

Together, before fees+0.274%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.056% dearer against Kalshi than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.082%. The two prices were read 61 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	Kalshi KXVVVPERP	31.692	0	get 0.0000% / 8h	5h 05m	$92K	$5.4M	1.7x
Short	BloFin VVV-USDT	31.736	0.0041	get 0.0021% / 4h	1h 05m	$1.4M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $8.68
Price spread: +0.139% → +0.082%: $5.63
Slippage, 4 orders: −$32.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$40.47
Costs to cover: 0.548%
Break-even: 39.6 days

Slippage from Kalshi: live order book, 3 min ago; BloFin: 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 Kalshi live order book, 3 min ago	9.31 bp	16.5 bp −$17	23.3 bp −$233	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.16 bp	12.6 bp −$13	doesn't fit	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	31.568	−0.390%	$188K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.615	−0.243%	$388K	$652K	5x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.610	−0.259%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.692	long leg	$92K	$5.4M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.682	−0.032%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.559%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDTshort	+0.0041%	4h	31.736	+0.139%	$1.4M	$1.5M	25x
Deribit VVV_USDC-PERPETUAL	+0.0056%	1h	31.698	+0.019%	$88K	$22K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.656	−0.115%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.667	−0.079%	$466K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	31.660	−0.102%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.663	−0.090%	$143K	$924K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.707	+0.047%	$71.0M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.663	−0.092%	$251K	$946K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.683	−0.028%	$187K	$126K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.654	−0.119%	$34.0M	$118.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.626	−0.208%	$38.7M	$40.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.644	−0.151%	$4.9M	$30.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.655	−0.117%	$11.5M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.688	−0.013%	$7.0M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.665	−0.085%	$1.7M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.655	−0.117%	$5.8M	$6.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.681	−0.035%	—	$4.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.664	−0.088%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.658	−0.107%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.672	−0.065%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.683	−0.028%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.667	−0.077%	$303K	$1.1M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	+0.019%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.614	−0.246%	$79K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.632	−0.189%	$33K	$232K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0428%	1h	31.722	+0.094%	$156K	$269K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0207%	1h	31.706	+0.046%	$510K	—	100x	as long as short