Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: KuCoin against Kalshi+0.041%49s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as 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−$1281.283% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.119%+$12 · spread now +0.041%, 7d avg −0.015%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin 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 −0.015%. The two prices were read 49 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	31.558	0	get 0.0000% / 8h	3h 43m	$100K	$5.3M	1.7x
Short	KuCoin VVVUSDTM	31.571	0.0100	get 0.0050% / 4h	3h 43m	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → −0.015%: $5.61
Slippage, 4 orders: −$106.28
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$101.67
Costs to cover: 1.283%
Break-even: 40.9 days

Slippage from Kalshi: live order book, 5 min ago; KuCoin: live order book, 3 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, 5 min ago	5.23 bp	10.2 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	9.90 bp	48.6 bp −$49	246.9 bp −$2,469	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	−0.0349%	1h	31.531	−0.087%	$400K	$675K	5x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.558	long leg	$100K	$5.3M	1.7x
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+0.740%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.543	−0.047%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.999%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0091%	1h	31.671	+0.358%	$88K	$20K	10x	as long as short
Lighter VVV	+0.0096%	1h	31.540	−0.056%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.543	−0.048%	$464K	$1.5M	5x	as long as short
Gate VVV_USDT	+0.0098%	4h	31.534	−0.076%	$11.9M	$4.8M	25x	as long as short
BloFin VVV-USDT	+0.0098%	4h	31.652	+0.298%	$1.3M	$1.4M	25x	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	31.531	−0.087%	$3K	$63	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.536	−0.068%	$190K	$976K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.574	+0.051%	$249K	$498K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.557	−0.004%	$186K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.547	−0.035%	$33.7M	$108.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.520	−0.120%	$38.5M	$39.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.525	−0.105%	$4.8M	$26.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.554	−0.013%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	31.571	+0.041%	$1.7M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	31.520	−0.120%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.561	+0.010%	—	$4.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.735	+0.562%	$2.0M	$371K	—	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.663	+0.334%	$79K	$331K	10x	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.543	−0.048%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.653	+0.302%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.592	+0.108%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.547	−0.036%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.659	+0.319%	$6K	—	3x	as long as short
Hyperliquid VVV	+0.0115%	1h	31.580	+0.070%	$70.4M	$43.6M	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.673	+0.364%	$33K	$201K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0217%	1h	31.548	−0.032%	$507K	—	100x	as long as short
01 Exchange VVVUSD	+0.0456%	1h	31.536	−0.070%	$11K	$2K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0912%	1h	31.591	+0.104%	$160K	$263K	5x	as long as short