Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0103%/8h= +11.2% APRpaid last 24h +0.001%

Price spread now: edgeX against Kalshi−0.094%7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.094%, 7d avg +0.089%

Together, before fees+0.153%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.183% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.089%). If the spread goes back, that is −$18 on $10k: about 5.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.052% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.649	0	get 0.0000% / 8h	3h 00m	$107K	$5.3M	1.7x
Short	edgeX VVVUSDC	31.619	0.0103	get 0.0051% / 4h	3h 00m	$79K	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.094%Rate

Funding earned: $21.53
Price spread: −0.094% → +0.089%: −$18.3
Slippage, 4 orders: −$74.3
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$90.06
Costs to cover: 0.933%
Break-even: 36.3 days

Slippage from Kalshi: live order book, 3 min ago; edgeX: live order book, 32 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	3.16 bp	16.1 bp −$16	22.3 bp −$223	doesn't fit	doesn't fit
Sell edgeX live order book, 32 min ago	0.80 bp	34.5 bp −$34	doesn't fit	doesn't fit	doesn't fit

VVV on 32 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	−0.0349%	1h	31.626	−0.073%	$387K	$698K	5x	as long as short
Gate VVV_USDT	−0.0162%	4h	31.544	−0.332%	$12.1M	$5.0M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0073%	1h	31.576	−0.230%	$88K	$20K	10x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.649	long leg	$107K	$5.3M	1.7x
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	−0.994%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.624	−0.079%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.700%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0044%	4h	31.601	−0.152%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.593	−0.177%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.589	−0.190%	$502K	$1.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.614	−0.111%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.618	−0.096%	$189K	$1.0M	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.611	−0.121%	$70.4M	$43.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.618	−0.097%	$248K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.622	−0.084%	$186K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.606	−0.136%	$33.5M	$104.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.575	−0.234%	$38.4M	$38.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.569	−0.253%	$4.8M	$25.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.579	−0.221%	$7.3M	$5.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.602	−0.149%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.555	−0.297%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.565	−0.265%	—	$4.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.545	−0.328%	$2.0M	$346K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.612	−0.117%	$130K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.626	−0.073%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDCshort	+0.0103%	4h	31.619	−0.094%	$79K	$324K	10x
Extended VVV-USD	+0.0104%	1h	31.578	−0.225%	$295K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.628	−0.067%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.601	−0.152%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0280%	1h	31.626	−0.073%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0219%	1h	31.610	−0.122%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0706%	1h	31.588	−0.193%	$167K	$268K	5x	as long as short