Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.012%

Price spread now: Gate against Kalshi+0.121%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$790.794% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.121%, 7d avg −0.068%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.189% dearer against Kalshi than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.068%): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	30.560	0.0210	pay 0.0210% / 8h	6h 37m	$93K	$5.4M	1.7x
Short	Gate VVV_USDT	30.597	0.0100	get 0.0050% / 4h	2h 37m	$10.7M	$5.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.121%Rate

Funding earned: −$23.02
Price spread: +0.121% → −0.068%: $18.91
Slippage, 4 orders: −$54.36
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.47
Costs to cover: 0.794%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; Gate: 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	4.91 bp	13.9 bp −$14	21.0 bp −$210	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	9.33 bp	23.7 bp −$24	118.2 bp −$1,182	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	−0.0329%	1h	30.533	−0.087%	$379K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	+0.228%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.602	+0.136%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.395%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0048%	4h	30.626	+0.216%	$1.3M	$1.5M	25x	as long as short
Polymarket Perps VVV-USD	+0.0062%	1h	30.572	+0.039%	$117K	$1.4M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0074%	1h	30.610	+0.165%	$85K	$22K	10x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.550	−0.033%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.620	+0.198%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.621	+0.200%	$446K	$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	30.546	−0.046%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.568	+0.025%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.574	+0.046%	$68.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.597	+0.120%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.575	+0.048%	$180K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.622	+0.204%	$33.0M	$122.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.603	+0.141%	$37.9M	$41.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.618	+0.190%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDTshort	+0.0100%	4h	30.597	+0.121%	$10.7M	$5.6M	25x
MEXC VVV_USDT	+0.0100%	4h	30.623	+0.206%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.598	+0.124%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.614	+0.177%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.661	+0.330%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.591	+0.102%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.593	+0.109%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.626	+0.216%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.614	+0.178%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.574	+0.045%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	30.614	+0.176%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.579	+0.062%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERPlong	+0.0210%	8h	30.560	long leg	$93K	$5.4M	1.7x
Backpack VVV_USDC_PERP	+0.0394%	1h	30.659	+0.325%	$120K	$239K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.603	+0.142%	$534K	—	100x	as long as short