Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.053%

Price spread now: Lighter RH against Kalshi−0.609%7-day average +0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Kalshi Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 on $10k

Price spread, last 4 days (all we have)+0.438%+$44 · spread now −0.609%, 7d avg +0.097%

Together, before fees+0.967%+ Points / potential airdropLighter RH: Points live · farm board+$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.707% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.609% now, against its 7-day average of +0.097%). If the spread goes back, that is −$71 on $10k: about 25 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.529% in total) that is about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.654	0	get 0.0000% / 8h	6h 00m	$107K	$6.9M	1.7x
Short	Lighter RH VVV	32.455	0.0096	get 0.0012% / 1h	0m 10s	$485K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.609%Rate

Funding earned: $20.16
Price spread: −0.609% → +0.097%: −$70.67
Slippage, 4 orders: −$34.81
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$95.31
Costs to cover: 0.448%
Break-even: 40.1 days

Slippage from Kalshi: live order book, 4 min ago; Lighter RH: 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, 4 min ago	4.30 bp	12.5 bp −$13	20.6 bp −$206	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	4.91 bp	6.7 bp −$7	29.1 bp −$291	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
Deribit VVV_USDC-PERPETUAL	−0.0043%	1h	32.458	−0.601%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	32.654	long leg	$107K	$6.9M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.470	−0.564%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.508%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0050%	4h	32.614	−0.122%	$1.4M	$1.8M	25x	as long as short
Phoenix VVV	+0.0077%	1h	32.454	−0.612%	$57K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.457	−0.604%	$403K	$582K	5x	as long as short
Lighter VVV	+0.0096%	1h	32.472	−0.558%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	32.455	−0.609%	$485K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	32.470	−0.563%	$150K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	32.496	−0.484%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.603	−0.156%	$194K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.481	−0.531%	$34.3M	$155.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.456	−0.607%	$40.0M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.468	−0.570%	$4.8M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.454	−0.612%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.463	−0.585%	$17.6M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.484	−0.521%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.455	−0.609%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.466	−0.576%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.611	−0.132%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.470	−0.563%	$152K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.448	−0.631%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.450	−0.625%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.589	−0.198%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.460	−0.594%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.494	−0.491%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	32.571	−0.253%	$81K	$332K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0095%	1h	32.458	−0.601%	$567K	—	100x	as long as short
01 Exchange VVVUSD	+0.0224%	1h	32.479	−0.536%	$12K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.490	−0.502%	$200K	$1.1M	25x	as long as short
Hyperliquid VVV	+0.0327%	1h	32.516	−0.424%	$75.3M	$55.2M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0386%	1h	32.487	−0.511%	$125K	$377K	5x	as long as short