Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.003%

Price spread now: Extended against Kalshi−0.111%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on Kalshi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.126%+$13 · spread now −0.111%, 7d avg −0.037%

Together, before fees+0.165%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.074% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.037%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.038% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.197	0	get 0.0000% / 8h	50m 52s	$134K	$5.3M	1.6x
Short	Extended VVV-USD	32.161	0.0104	get 0.0013% / 1h	50m 52s	$301K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.111%Rate

Funding earned: $21.84
Price spread: −0.111% → −0.037%: −$7.4
Slippage, 4 orders: −$48.47
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$49.02
Costs to cover: 0.635%
Break-even: 22.7 days

Slippage from Kalshi: live order book, 1 min ago; Extended: 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, 1 min ago	5.60 bp	11.7 bp −$12	22.2 bp −$222	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.20 bp	18.9 bp −$19	168.0 bp −$1,680	doesn't fit	doesn't fit

VVV on 33 exchanges

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
Deribit VVV_USDC-PERPETUAL	−0.0606%	1h	32.093	−0.323%	$85K	$19K	10x	as long as short
RISEx VVV/USDC	−0.0347%	1h	32.122	−0.233%	$364K	$745K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0112%	1h	32.361	+0.509%	$178K	$1.3M	25x	as long as short
Gate VVV_USDT	−0.0108%	4h	32.140	−0.177%	$13.0M	$4.9M	25x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	32.197	long leg	$134K	$5.3M	1.6x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.136	−0.190%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.935%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0063%	1h	32.118	−0.245%	$61K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	32.132	−0.202%	$11K	$2K	3x	as long as short
BloFin VVV-USDT	+0.0081%	4h	32.113	−0.261%	$1.3M	$1.4M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.145	−0.161%	$1.9M	$3.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.155	−0.130%	$490K	$1.5M	5x	as long as short
Phoenix VVV	+0.0099%	1h	32.211	+0.043%	$33K	$182K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.136	−0.191%	$159K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.205	+0.025%	$75.3M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.144	−0.163%	$256K	$474K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.189	−0.026%	$198K	$115K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.160	−0.116%	$33.3M	$93.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.153	−0.137%	$37.9M	$37.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.165	−0.099%	$4.7M	$23.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.180	−0.053%	$7.8M	$4.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.154	−0.134%	$1.7M	$2.4M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.157	−0.124%	$5.9M	$5.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.170	−0.084%	—	$3.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.283	+0.267%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.121	−0.235%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.147	−0.155%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.138	−0.185%	$3K	$50	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.161	−0.111%	$301K	$1.8M	5x
Aevo VVV-PERP	+0.0104%	1h	32.126	−0.219%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	32.230	+0.102%	$80K	$319K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0228%	1h	32.177	−0.061%	$177K	$255K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.120	−0.238%	$517K	—	100x	as long as short